In 2024, the annual ranking of the top 30 construction contractors in Saudi Arabia resurfaces, shedding light on the largest and most influential firms in the kingdom.
As timelines tighten and activity surges on the gigaprojects driving Vision 2030, Construction Week Middle East engages with the companies driving Saudi Arabia’s economic transformation away from oil, via their extensive work across thousands of project sites nationwide.
The compilation process involved reaching out to domestic contractors within the kingdom and distributing a questionnaire focusing on four key criteria: notable achievements in the past 12 months, projects completed within the 2023-2024 timeframe, current backlogs, and 2023 revenue.
Subsequently, the editorial team meticulously curated the gathered data, leveraging publicly available information and their own expertise to identify the most dynamic construction firms in the kingdom, culminating in the final rankings.
Please note that the editorial team only considered contractors that are originally established in the kingdom.
1. Nesma & Partners
Nesma & Partners, a forefront constructor in Saudi Arabia, has seen remarkable growth and achievements throughout the past year, notably with the acquisition of Kent, a global engineering and project management leader in the energy sector, in January 2024. This strategic move not only broadens their market access but also underscores a shared dedication to sustainable development and local content enhancement through initiatives like the Local Supplier Development Program.
Furthermore, the company’s focus on training and development is evident through the Nesma High Training Institute (NHTI), which has equipped over 16,000 Saudi youth with essential skills since its inception in 2012. This further emphasises its role in nurturing local talent and contributing to the kingdom’s Vision 2030.
The company’s commitment to safety has led to over 125 million safe man-hours across various projects, reinforcing its industry leadership in safety standards. Their project portfolio showcases their capability to execute complex projects with precision, including the completed Red Sea Airport Airside and Samhan Carpark, AlUla developments, Trojena Base Camps, as well as vital installations for Saudi Aramco. Projects like the Riyadh Metro Line 3, the MASAR KAAR Project in Makkah, and NEOM Staff Accommodation Villages demonstrate significant progress, aligning with Saudi Arabia’s infrastructure and visionary goals.
Moreover, ongoing endeavours like the Ministry of Defence airbases, the Sindalah Island development, King Salman Park, and the Avenues highlight Nesma & Partners’ versatile project management skills, which aim to improve community, tourism, and the kingdom’s security.
Digital transformation remains a key focus, with the development and enhancement of digital solutions streamlining operational procedures. Strategy 2030 outlines a vision for growth, enhanced EPC capabilities, and organisational excellence, positioning Nesma & Partners as a local and global construction industry leader.
Led by President and CEO Samer Abdul Samad, the company distinguishes itself through a commitment to excellence, integrity, and innovation. With a diversified portfolio in energy, building construction, and infrastructure, it contributes significantly to Saudi Arabia’s development and the realisation of Vision 2030.
2. El Seif Engineering Contracting
Established in 1975, El Seif Engineering Contracting is one of the oldest and most respected engineering and construction companies with a long, rich history of delivering mega and gigaprojects that have transformed the skylines of the kingdom and the region’s major urban centres.
A world class provider of engineering and construction, El Seif is heavily invested in innovation and digital technologies—first in the Middle East to implement Oracle Fusion, transforming to an efficient back office on cloud to support growth and scale in the future and ensure productive virtual operations.
It is also the first in the country to achieve BIM ISO 19650, a benchmark for excellence in digital engineering and virtual project delivery, and first to implement a company-wide full (AI) EPC digital transformation.
The company specialises in heavy civil and infrastructure, iconic buildings and high rise, public works, defence and special projects.
A leading player in the construction of Vision 2030, El Seif’s diversified portfolio has over 23,000 people currently delivering over $11 billion (SAR 41 billion) of reference landmark projects.
Some of El Seif’s iconic and transformational projects include The Kingdom Tower in Riyadh, and more recently, the Diriyah infrastructure and tunnels, the Qiddiya water theme park—largest in the MENA region, and the Formula 1 speedpark gigaprojects, underpass and tunnels at Sports Boulevard, King Salman Park’s recently opened Abu Bakr road tunnel, which is the longest in the city and one of longest in the Middle East, design build precast concrete factories including production for NEOM, and Aramco’s PPP project at Tanajib village, in addition to public sector military and defence megaprojects.
El Seif’s vision is to deliver inspirational projects that positively impact the economy and improve the quality of life in the kingdom. That vision is underpinned by El Seif’s unwavering commitment to its core values of excellence, innovation, and integrity in everything it does.
PIF’s equity partnership in El Seif Engineering Contracting last year demonstrated the commitment and stature of El Seif as a leading player in the future growth of the kingdom and the broader region.
El Seif’s world class people and processes are its largest differentiator; its optimised strategies and innovative procurement and contracting techniques, growing resources, and expanding activities in strategic sectors of its regional markets underpins El Seif ‘s role as an instrument in the region’s progress towards a better future.
3. AlBawani
Established in 1991, AlBawani has emerged as a leading construction firm in Saudi Arabia, known for its resilience, consistent expansion, and diversified portfolio. Operating across various sectors, the company collaborates with governmental, semi-governmental, and private entities while actively supporting the objectives of Vision 2030.
Over the last few years, AlBawani has reached significant milestones, notably forming a strategic alliance with the Public Investment Fund (PIF). This partnership will facilitate the company’s capacity expansion, capability enhancement, and technological advancement, thereby bolstering local supply chains for present and future projects within the kingdom.
Moreover, AlBawani demonstrates a steadfast commitment to digital transformation and technological innovation, spearheaded by CEO Fakher Alshawaf. This dedication has facilitated smooth transitions, enabling the adaptation of group processes, business models, and existing technologies to meet evolving demands.
Renowned for its impeccable track record, timely project delivery, effective management, and embrace of innovation, AlBawani prioritises corporate governance, social responsibility, and a robust Health, Safety, and Environment (HSE) culture. The company’s widespread geographical presence throughout Saudi Arabia, coupled with access to extensive resources, positions it as a pivotal player in realising the ambitious goals of Saudi Arabia’s Vision 2030.
4. Almabani
Ranked at number four is Almabani, a prominent contractor headquartered in Jeddah, renowned for its involvement in major mega- and giga-projects across the kingdom. In celebration of its 50th anniversary in 2023, Almabani announced a strategic partnership with the Public Investment Fund (PIF) to bolster key sectors aligning with Vision 2030 objectives.
In the past few years, the company secured contracts for eight new projects totaling $1.7 billion. Additionally, Almabani won contracts for projects within Riyadh’s Sports Boulevard development and Saudi’s historical city of AlUla.
Noteworthy projects in its portfolio include Six Flags Qiddiya, The Red Sea International Airport, Riyadh Metro Project, and King Abdul Aziz International Airport Phase 1, among others.
In the realm of digitalisation, Almabani is harnessing various resources to advance and innovate its construction technologies, aiming to enhance developments and increase market competitiveness.
5. IHCC
Over the past year, IHCC has emerged as a leading contributor to the monumental transformation of the kingdom’s landscape, playing a significant role in the development of gigaprojects not only in Saudi Arabia but also extending its expertise to the UAE, Egypt, and Morocco. IHCC’s achievements over the last 12 months encompass a broad spectrum of industries, including healthcare, education, mixed-use, hospitality, and commercial sectors, showcasing its versatility and capability to deliver integrated construction solutions.
One of IHCC’s notable projects includes a mega medical city in Alexandria, Egypt, featuring a 300-bed main hospital and other advanced facilities, with a total build-up area of approximately 90,000m2, delivered and handed over as a turnkey project. In Dubai, IHCC successfully handed over a Center of Excellence project comprising four high-end mid-rise buildings with a built-up area of 85,000m2. Among other projects, currently, IHCC is executing five contracts for luxury Public Investment Fund (PIF) developments, in addition to a significant contract with ASFAR (a PIF company) to develop a luxury five-star wellness and hospitality resort in Taif City. This extensive portfolio demonstrates IHCC’s commitment to excellence and innovation in constructing complex, high-end structures.
In the past 12 months, IHCC has also initiated several significant projects, including other luxury resorts for PIF entities, two high-end residential towers in Jeddah (one of which is a 35-storey tower), a commercial complex, a luxury office tower in Jeddah, a high-tech university in Dammam, a mixed-use project in Dubai, and a large-scale advanced medical city in Morocco, among others. With a total project value exceeding several billion US dollars, IHCC’s projects in the region showcase its strong market position and potential for growth.
In light of IHCC’s commitment to delivering comprehensive and tailored solutions to clients, the company acknowledges the significance of specialisation. As a result, IHCC has established specialised and dedicated business units such as MEP, fit-out, facilities management, design, investments and PPPs, and energy efficiency and sustainability. This strategic approach allows IHCC to offer a diverse range of expertise and integrated services, meeting the unique needs and requirements of each project.
Moreover, IHCC is committed to reducing reliance on imports and promoting self-sufficiency in the construction industry. The establishment of IHCC Industries, which specialises in metal works and façade systems solutions, exemplifies IHCC’s dedication to local manufacturing.
Looking ahead, IHCC aligns its vision with Saudi Arabia’s Vision 2030, emphasising digitisation and technological innovation to advance the kingdom’s infrastructure. The company has been a pioneer in implementing Building Information Modeling (BIM) and continues to lead in technology adoption across all disciplines.
IHCC’s commitment to the kingdom’s vision is echoed by Sultan Sobhi Batterjee, Chairman & CEO, who states, “Our expansion plans support the country’s Vision 2030; we are supporting the country’s vision of exporting the local content to out of the kingdom, as we are delivering mega projects in UAE, Egypt and Morocco at present.
“Additionally, we can confirm that we have ongoing contracts for the development of the announced gigaprojects within the kingdom. Our existing growth, capabilities, experience, and track record, in combination with our future plans, have granted us a leading role in the next 12 months.”
This statement not only underscores IHCC’s contributions to the kingdom’s development but also its strategic role in exporting Saudi expertise internationally. IHCC’s extensive growth, capabilities, experience, and proven track record, combined with its ambitious future plans, position it as a leading entity in shaping the kingdom’s future infrastructure, thereby playing a pivotal role in the realisation of Saudi Arabia’s Vision 2030.
6. Shahm Contracting Company
Shahm Contracting Company, headquartered in Jeddah, has established itself as a prominent player in the construction industry since its inception in 2006.
Committed to contributing to Saudi Arabia’s reconstruction efforts, Shahm specialises in housing and infrastructure projects, renowned for its swift and efficient project delivery.
Among Shahm’s notable accomplishments are the completion of the Shams Al Dyar project, along with the delivery of over 600 units in Luluat Al-Dyar and 1,000 units in Bouvardia City, Jeddah.
Recognising the pivotal role of digital transformation in the construction sector, Shahm has embraced a digital-first approach, fostering innovation, adaptability, and collaboration. Understanding that digital transformation transcends mere technological upgrades, the company has integrated digital solutions to monitor project progress, analyse data, and facilitate data-driven decision-making.
Emphasising sustainability and collaboration, Shahm aims to deliver value to its clients, employees, and stakeholders. Leveraging its extensive industry expertise, the company consistently delivers exceptional work aligned with the objectives of Vision 2030.
Furthermore, Shahm acknowledges the evolving landscape of the contracting sector in Saudi Arabia and prioritises the development of sustainable building systems. By implementing cutting-edge construction technologies, Shahm ensures high-quality execution and adherence to project timelines.
Under the guidance of its chairman, Eng Muammar Al-Atawi, Shahm is spearheading transformation within the contracting sector, positioning itself to compete effectively in global markets. The firm’s success is attributed to its unwavering commitment, dedication to quality, and seamless collaboration among its teams.
7. Construction & Planning Co. (C&P)
Over the past year, Construction & Planning Co. (C&P) has cemented its position as a leading contractor in Saudi Arabia, achieving significant success across a variety of megaprojects and endeavours.
Notable achievements include being appointed as the main contractor for the Riyadh Air HQ megaproject and Osool’s ECI Digital City 02 megaproject, alongside First Avenue’s upcoming business hub in Riyadh, which spans over 34,000m2, and the much anticipated La Perle Mall by Oud in Jeddah.
The company has also completed the design and fit-out of several prestigious headquarters, including Red Sea Global, the Ministry of Economy and Planning, Buro Happold, and UCI, amongst others, further showcasing its expertise in delivering highquality, sustainable spaces.
C&P’s commitment to sustainability is evident through its certification of projects with LEED standards, which supports Vision 2030’s sustainability goals. This commitment and the launch of new subsidiaries—CRAFTED, The Joinery Factory by C&P, The Quarry, and BACH United Industrial Co.—highlight its continuous growth and diversification.
With a total built-up area exceeding 252,000m2 for projects delivered over the past 12 months and further portfolio diversification including strategic partnerships such as the one with Ayana Holding, a premium UAE-based company for real estate development, the launch of an aluminium and glass production factory in Riyadh, a new HQ in Egypt, and the acquisition of a logistics company in China, C&P is poised for further success.
Looking ahead, C&P aims to develop further megaprojects that contribute to the kingdom’s welfare, apply LEED standards more broadly, and expand through strategic mergers and acquisitions.
8. Al-Ayuni Investment & Contracting
Maintaining its position from the past two years, Al-Ayuni Investment & Contracting continues to excel as a Riyadh-based contractor since its establishment in 1960. Renowned for its expertise in roads, concrete works, railway, and bridge projects, Al-Ayuni caters to both public and private sectors, boasting a highly skilled and coordinated workforce nationwide.
With a workforce exceeding 8,000 multinational professionals, Al-Ayuni has successfully delivered over 500 projects for more than 50 clients to date. The company directly owns the Middle East’s largest pool of construction equipment, boasting an impressive inventory of over 7,000 pieces of construction equipment, including more than 1500 units of heavy equipment.
The contractor’s extensive portfolio stands as a testament to its dedication, showcasing its involvement in groundbreaking gigaprojects such as NEOM, Rua Al Madinah, and Amaala. Furthermore, Al-Ayuni is serving esteemed clients like ROSHN, Red Sea Global, and NEOM, and holds the position as one of the top contractors at NEOM and as the the principal contractor at Trojena.
One standout project in Al-Ayuni’s portfolio is the CTW400 railway, regarded as the most high-value railway project in Saudi Arabia. This project not only impresses with its sheer scale but also showcases the company’s expertise, requiring innovative engineering solutions and meticulous planning for its successful completion.
9. Contracting and Construction Enterprises (CCE)
Established in 1992, Contracting and Construction Enterprises (CCE) stands out as a privately owned general contracting firm based in Riyadh, known for its expertise in engineering, procurement, and construction (EPC) services.
As a contractor, CCE has been recognised for its reliability and esteemed stature and has emerged as a trusted provider of large-scale EPC contracts, collaborating with esteemed private and public sector entities across the kingdom and the wider region.
Notable clients include industry giants such as Saudi Aramco, SABIC, BACS Riyadh Metro Project, and Saudi Electric Company, among others. Furthermore, CCE has successfully executed projects in partnership with international firms like Samsung C&T.
Throughout 2022-2023, CCE has undertaken several noteworthy projects, notably contributing to The Red Sea Project by delivering the expansive 1.5 million sq. m Coastal Village by mid-2022.
Beyond its impressive project delivery record, CCE has cemented its position as a leading advocate for health, safety, and environment (HSE) standards in the region. The company’s unwavering commitment to safety extends not only to its own workforce but also encompasses subcontractors, clients, and other stakeholders involved in its projects.
10. Alfanar Projects
In the last 12 months, Alfanar Projects has distinguished itself as a frontrunner in the global push towards sustainability, recording significant milestones in its mission to foster a greener planet. The company’s expertise in wind, solar, and green hydrogen technologies has enabled partnerships with nations aiming to achieve their net-zero carbon goals.
Notably, Alfanar Projects has completed the Feed Stage 1 for the largest Sustainable Aviation Fuel (SAF) project in the EU, marked a major achievement in smart metre provisioning in India, and secured the first utility-scale battery storage and fuel displacement project in Saudi Arabia.
Furthermore, the company has initiated and advanced key projects, including the development of NEOM residential communities and several other significant ventures, such as the Tuwaiq Casting & Forging factory, the PP10 liquid displacements project, and the Bisha Battery Energy Storage System (BESS).
Alfanar Projects is aligned with KSA’s Vision 2030, focusing on sustainability, talent development, innovation, and global collaboration. The company is dedicated to using cutting-edge technology in renewable energy to foster innovation and contribute to achieving global carbon-zero goals. Looking forward, Alfanar Projects emphasises investing in its team, developing their skills, and ensuring their comfort and safety, thereby nurturing the most vital assets of the organisation.
The company also aims to expand its global footprint, exchange knowledge and expertise, and contribute to global sustainable development goals through strategic partnerships and international collaborations, reinforcing its commitment to leading the transition to a sustainable energy future.
11. Alkifah Contracting Company
Alkifah Contracting has experienced significant growth and success over the past 12 months, marked by strategic initiatives and expansion efforts aligning with Saudi Arabia’s Vision 2030. Their commitment to transformative goals has led them to diversify into various sectors, including MEP and energy solutions, infrastructure, and earthmoving.
Notably, they have launched new companies specialising in these areas and invested substantially in their workforce through mentorship programs and succession planning.
Recognising the importance of partnerships, Alkifah Contracting has established a dedicated vendor relationship department and implemented a comprehensive sustainability strategy focusing on environmental, social, and governance pillars. Moreover, their implementation of a robust loss prevention system underscores their dedication to ensuring a safe working environment for their valued employees.
In the past year, Alkifah Contracting has undertaken several key projects, including completion works on Dar Al Hijrah, Sedra District Phase 1B, and Ewan Mews mixed-use complex in Jubail. These projects collectively represent a substantial value, demonstrating their capability and commitment to excellence.
Looking ahead, their vision for the next five years is to establish themselves as a leading managing contractor in the entertainment, sports, and hospitality sectors. To achieve this, they’ve launched an innovation lab and are investing in cutting-edge construction technologies. Their focus on human capital management, local talent retention, and strategic expansion aligns seamlessly with Vision 2030’s objectives.
The leadership team at Alkifah Contracting attributes their success to their 54-year legacy, customer-centric approach, and integrated services spanning design, construction, project management, and more. They pride themselves on their commitment to sustainability, innovation, and quality, driving them to exceed expectations and contribute meaningfully to Saudi Arabia’s progress.
12. Mofarreh Al-Harbi & Partners
In an impressive display of industry leadership, Mofarreh AlHarbi & Partners has charted a course of remarkable achievements over the last year, showcasing not just financial acumen with a $1.01 bn (SAR 3.8 bn) increase in invoiced amounts, but also a steadfast dedication to safety and environmental stewardship.
Headquartered in Dammam with branches spanning across the country, including NEOM and Riyadh, the contractor is strategically positioned to serve clients across the kingdom.
The company’s project portfolio, valued at nearly $1.6 bn (SAR 6.2 bn), spans critical infrastructure developments and site preparations for major clients like NEOM, Aramco, NPCC, and RCJY, reflecting its vital role in Saudi Arabia’s ambitious growth.
Scope of work for the projects include early works, site preparation, as well as infrastructure works. In addition, through strategic digital transformations, including the adoption of cutting-edge ERP systems and drone technology, Mofarreh stands at the forefront of operational efficiency and innovation.
Sustainability and digitalisation are at the heart of the company’s strategy, with significant investments in BIM and the creation of a dedicated sustainability management role in NEOM to drive environmental initiatives.
These efforts are complemented by a strong focus on quality management and workforce development, underscoring a holistic approach to building the future of Saudi Arabia’s infrastructure.
Positioned as a key player in the kingdom’s construction sector, Mofarreh is not just achieving milestones but setting new standards.
The company’s alignment with Vision 2030’s goals, including economic diversification and societal advancement, positions it as a beacon of progress and a champion of sustainability and innovation in the kingdom’s bustling construction landscape.
13. BEC Arabia
Over the past year, BEC Arabia has taken significant strides in the construction industry, achieving a 135% increase in revenue and expanding its project portfolio to exceed $1.33 billion. This growth is attributed to strategic team reorganisations and the successful integration of three new subsidiaries specialising in landscaping, MEP, and infrastructure. These developments have diversified BEC Arabia’s service offerings and reinforced its innovative leadership.
Significant projects during this period include collaborations with Red Sea Global for the AMAALA project, the Royal Commission of AlUla, the construction of the Hampton by Hilton hotel in the NEOM community, and furthering its developments on Sindalah Island. This expansion aligns with Saudi Arabia’s Vision 2030, emphasising the company’s role in sustainable development and economic diversification.
Looking ahead, BEC Arabia plans to enter new markets and sectors, further contributing to the national economy and the construction sector. The company is also focused on investing in local talent and pioneering innovative construction techniques.
Bakhit Al Dossari, Managing Partner, underscores BEC Arabia’s distinction as a top contractor in KSA, credited to their commitment to health and safety, ability to deliver fast-track megaprojects, and strategic investments.
This approach not only sets BEC Arabia apart but also supports the kingdom’s sustainable and prosperous future, which aligns with Vision 2030.
14. Mohammed Al Rashid Contracting Company (Marco)
In the past year, MARCO has not only maintained its reputation for being a trustworthy partner committed to putting projects first but also achieved significant milestones and growth.
Highlights include reaching 5,000,000 man-hours without incidents at the Diriyah Bab Samhan Hotel project and achieving a 50% growth in both resources and financial figures, with another 50% growth projected for 2024.
MARCO has embraced technology by integrating AI software for precise construction material calculations, enhancing efficiency and accuracy. The company has also made substantial investments in advanced construction equipment.
Over the past few years, MARCO has focused on expanding its high-end fit-out construction capabilities and has recently mastered landscape construction.
As a leading government contractor, MARCO is aligned with KSA’s Vision 2030, contributing to infrastructure and green urban development, as well as enhancing the quality of life. In 2023, the company was awarded four projects supporting these objectives, including the design and build of three parcels at KAFD offering 2,350 parking lots and various facilities to KAFD residents.
Additionally, MARCO has undertaken the landscape construction job of three districts with the Royal Commission for Riyadh City’s Green Riyadh Team. The Forum Offices project at Misk City further underscores MARCO’s commitment to these goals, offering commercial spaces for new tenants.
Under its highly involved and experienced leadership since 1982, MARCO stands out for its proactive, detail-oriented approach, focusing on delivering excellence in every project.
To address the challenges posed by Vision 2030’s projects, MARCO has been investing in recruiting a talented team capable of providing on-site leadership and offering the best technical proposals to help project developers achieve their goals and ambitions.
15. UNIMAC
UNIMAC, a pioneering contractor with over 45 years of industry experience, has demonstrated remarkable success and growth, particularly evident in its pivotal role in the construction of the Jeddah Corniche Circuit for the Formula 1 Saudi Arabian Grand Prix.
This achievement highlights UNIMAC’s readiness to embrace the challenges and opportunities presented by Saudi Vision 2030, guiding the company through a strategic expansion and an in-depth corporate restructuring aimed at enhancing its market position and dlivering the company’s long-term vision.
Through evaluating and upgrading its facilities to comply with stringent environmental standards, UNIMAC has established new divisions to develop specialised products and secure a competitive edge.
In addition, a key to UNIMAC’s strategy is the attraction of top talent, resulting in a diverse workforce representing over 25 nationalities, with a strong presence of Saudi nationals in every department. This inclusivity strengthens its operational excellence
and innovation.
Financially, the contractor has solidified its standing by expanding partnerships with banks and creditors, ensuring the funding of ambitious projects like the Qiddiya Speed Park Track, set to redefine motorsports infrastructure with unprecedented features. This and other significant contracts awarded in 2023, like NEOM’s OXAGON Village and Diriyah Gate’s King Khalid Road Diversion, underscore UNIMAC’s capability to execute large-scale, high-value projects.
Underpinning these ambitions is UNIMAC’s alignment with KSA’s Vision 2030, aiming to leverage its acclaimed execution skills to better international standards. The commitment to excellence, innovative solutions, and a highly skilled workforce cements UNIMAC’s status as a top contractor in KSA, as acknowledged by its leadership, reflecting a steadfast dedication to quality and client satisfaction on a global scale.
16. Umm Al Qura for Development & Construction Company
Under the leadership of CEO Yasser Abuateek, Umm Al Qura for Development & Construction Company, headquartered in Makkah, was established with a forward-thinking developmental vision. With over two decades of active presence in the kingdom, the company has strategically positioned itself in planning a series of integrated real estate projects in Jeddah and Makkah.
Among Umm Al Qura’s standout endeavours are the King Abdul Aziz Road Development and the construction of 10 new residential towers as part of its Masar development within Makkah City. Spanning across a vast 1.25 million m2 area, the Masar project features a 3,650-metre-long boulevard seamlessly integrated with the fabric of the Makkah mosque.
Furthermore, Umm Al Qura celebrated a significant milestone in the past few years with the launch of the Alinma Makkah Real Estate Development Funds, boasting an investment value exceeding $4.5 billion. This initiative unveiled plans for the development and construction of seven hotel towers and two commercial complexes within the Masar development, further solidifying the company’s commitment to transformative urban development in the region.
17. Saudi Binladin Group (SBG)
Securing the number 17 spot is Saudi Binladin Group (SBG), headquartered in Jeddah, and renowned for its involvement in some of the most monumental projects across the kingdom.
Established in 1967, SBG originated as a subsidiary of the Binladin International Holding Group (BIHG), formed in collaboration with Istidama Holding Company, an entity associated with Saudi Arabia’s Ministry of Finance.
With deep roots in the Binladin family’s illustrious 90-year construction heritage, BIHG was conceived to navigate the family’s extensive portfolio through a new era in Saudi Arabia’s history.
The group is currently undergoing a transformative program aimed at establishing a robust financial and operational foundation to capitalise on the immense market potential for major construction ventures. BIHG has identified a substantial market opportunity, with an estimated $266.6 billion in new contract awards anticipated by 2025 alone.
Among its impressive portfolio are landmark projects such as the Holy Mosque expansion, King AbdulAziz International Airport, King Abdullah Economic City, and the iconic Al-Faisaliyah Tower, among others.
18. Al-Rashid Trading and Contracting Company (RTCC)
Established in 1957, Al-Rashid Trading and Contracting Company (RTCC) holds a distinguished position as a leading general contractor in Saudi Arabia.
With an impressive clientele including the Ministry of Health, Ministry of Education, Ministry of Interior, Ministry of Water and Electricity, Saudi Railways, the Ministry of Finance, and the Public Investment Fund, RTCC is renowned for its comprehensive capabilities.
The company boasts expertise across all major trades, categorising its projects into three primary sectors: Building Sector (spanning residential, healthcare, educational, and commercial projects); Water Sector (encompassing water transmission, pipelines, and refinement); and Railway Sector.
In the years 2022-2023, RTCC was integral to a significant milestone in Saudi Aramco’s expansion of its Namaat industrial investment program. This endeavour involved the awarding of major Engineering, Procurement, and Construction (EPC) contracts, with RTCC collaborating in a joint venture with Hyundai. This partnership underscores RTCC’s pivotal role in the kingdom’s energy sector and its commitment to driving forward ambitious industrial projects.
19. Shibh Al Jazira Contracting Company
Climbing three spots from last year, Shibh Al Jazira Contracting Company (SAJCO) has become a leader in its industry, securing major and principal contracts for the construction and maintenance of roads, bridges, tunnels, underpasses, dams, sewage and water-supply networks, dewatering, water and fuel strategic reservoirs, and piling works.
SAJCO is also a long-standing name in the manufacturing field, supplying pre-cast concrete units, aggregates, asphalt, concrete mixes and all types of tiles, of high and strict standards.
By being dedicated to diligent and efficient performance, SAJCO has achieved the successful handover of chief private and governmental projects. SAJCO was an essential contractor for the following projects: Taibah University, University of Hail, Maraba Dam, Al Qassim and Hail Highway Road, the construction of main roads in Madina, and others.
SAJCO was awarded two contracts from Qiddiya, the latest relate to constructing storm-water drainage, roads and bridges as part of a $186.4 million, three-year contract, involving a 6.5 million cu m excavation to complete the work, which is set for a handover by May 2023 utilising the skills of over 1000 workers.
20. Saudi Pan Kingdom Company (SAPAC)
With over three decades of operational excellence in the kingdom, Saudi Pan Kingdom Company (SAPAC) stands as a prominent force in the construction sector.
Specialising in a wide array of infrastructure projects including roads, buildings, bridges, tunnels, water networks, sewage works, treatment plants, and micro-tunneling, SAPAC has played a pivotal role in engineering, procurement, and construction across projects ranging from medium to giga-sized, catering to both public and private sectors in Saudi Arabia.
Throughout 2022-2023, SAPAC has collaborated with esteemed entities such as NEOM, Qiddiya Investment Company (QIC), Royal Commission for Riyadh City, The Red Sea Development Company (TRSDC), AMAALA, Diriyah Gate Development Authority (DGDA), Ministry of Housing, and Saudi Aramco, among others.
Presently, SAPAC operates through more than 16 branches nationwide, strategically located in key cities including Riyadh, Arar, Hafer-aI-Batin, Tabouk, Makkah, Madinah, Yanbu, and Eastern Province.
Additionally, the company has established dedicated production units for asphalt and cement industries across different regions to bolster its construction operations and further solidify its position as a leading construction entity in the kingdom.
21. Al Rajhi Building & Constructions
Established nearly twenty years ago, Al-Rajhi Building & Constructions has leveraged its resources, expertise, and personnel to undertake various engineering projects in the kingdom. With a proven track record, Al-Rajhi has seamlessly navigated dealings with numerous departments, agencies, ministries, banks, and both governmental and non-governmental entities.
Aligned with the national economy, Al-Rajhi Company recognises the importance of striving to meet responsibilities. Upholding values of integrity, honesty, responsibility, and genuine respect for professional ethics, the company aims to foster trustworthiness among its clientele.
In anticipation of economic, political, and social challenges ahead, the company remains confident in its ability to overcome obstacles with its extensive human resources.
Some of its services include general contracting, electrical work, sanitation work, air conditioning and mechanics, paving roads, road lighting, and work bridges.
22. Saudi Arabian Baytur Construction Company
Established in 2008 as a Saudi-Turkish partnership, Saudi Arabian Baytur Construction Company transitioned to being fully Saudi-owned in 2016. The company specialises in delivering high-quality construction, installation, and maintenance services across various sectors including civil construction (such as high-rises, residential, commercial, educational, hospitality, healthcare, industrial, and cultural buildings), airports, and other infrastructure projects.
Renowned as a Grade-A contractor in the kingdom, Saudi Arabian Baytur Construction Company has earned a reputation for its specialised expertise and commitment to excellence.
In 2022-2023, the company secured a contract from Umm Al Qura for Development & Construction Co to contribute to the construction of part of its Masar mixed-use development in Makkah. Subsequently, it formed a strategic alliance with FullStack Modular, a specialist firm known for its expertise in designing, manufacturing, and constructing mid- and high-rise modular buildings in urban settings.
This alliance aims to jointly pursue opportunities aligned with Vision 2030, with a particular focus on large-scale hospitality and urban tourism development initiatives.
23. Saudi Real Estate Infrastructure Company (Binyah)
Making its mark in early 2017, Saudi Real Estate Infrastructure Company (Binyah) emerged as a subsidiary of Tadawul-listed Saudi Real Estate Company (Al Akaria), owned by the Public Investment Fund (PIF) holding 60% of shares, with a market capitalisation of $1.2 million (SAR4.5 million).
Renowned for its pioneering role in infrastructure development, Binyah specialises in a wide spectrum of projects including roads, bridges, tunnels, oil and gas pipelines, water distribution stations, sewage systems, port docks, and demolition. Under the leadership of CEO Fahad Almesfir, the company relies on a dedicated team committed to delivering world-class infrastructure projects through innovation and cost-effective high-quality services.
Some notable road and infrastructure projects completed by Binyah include the Golf Course Early Works at Wadi Safar for Diriyah Gate Development Authority, and the Designing and Building Coastal Inland Roads as part of the Wadi Protection Project for the Red Sea Development Company.
In early February last year, Al Akaria announced Binyah’s involvement in the design and construction of the Northern Cultural District’s P3 car park, a project valued at $145 million covering an expansive area of 100,000 m2 for the Diriyah Gate Company. This follows a previous contract worth $99.5 million for executing enabling works at the DG II area.
24. Red Sea International Company
With over four decades of experience in the global contracting market, Red Sea International, a joint-stock company headquartered in Jeddah with a market capitalisation of $207.7 million, stands as a comprehensive housing solutions provider.
Renowned as a leading name in the modular contracting industry, the company has solidified its position by offering building solutions through its three primary divisions: Industrial Housing, Building Materials Solutions, and Affordable Housing. Operating across more than 65 countries, Red Sea International serves various sectors including oil and gas, mining, and power.
Under the leadership of Chairman Amr Al Dabbagh, the company employs over 1,000 individuals locally and across its numerous subsidiaries worldwide.
Most recently, Red Sea International Company has signed a contract worth $7.76 million (SR29.1 million) with The Fundamental Installation for Electric Work Company (First Fix) to design, manufacture, supply and install prefabricated buildings for a residential project in Saudi futuristic city NEOM.
25. ABV Rock Group
ABV Rock Group Company Limited traces its roots back to Armerad Betong Vägförbättringar, founded in Sweden in 1918. In 1974, ABV expanded its operations to Saudi Arabia, establishing a branch with its main office in Jeddah and a branch in Yanbu.
During the mid-1980s, the Saudi Arabian government initiated a nationwide Strategic Storage Program, for which ABV Rock Group was contracted. The Saudi Strategic Storage Program (SSSP) began in 1987 and concluded 22 years later in 2010, marking the completion and handover of the project.
Some of its most notable projects include Prince Salman Centre, King Fahd Cardio Surgery & Disease Centre, Hilton 5-star residential suites, Al Faisal University, Security Forces Medical Centre, and King Khaled University Hospital Expansion.
26. Makkah Construction and Development Company
Established in 1988 with an initial capital of US$360.6 million, later increased to $438.7 million, Makkah Construction and Development Company has been dedicated to enhancing the areas surrounding the Makkah Holy Mosque. The company’s objectives include owning, developing, operating, and investing in real estate around the Mosque. It is entrusted with carrying out all engineering, surveying, demolition, and construction work for its projects.
Currently, the company is engaged in the construction of the first Commercial and Residential complex situated in the vicinity of the Makkah Holy Mosque. This complex comprises a commercial centre, a prayer hall accommodating 20,000 people, towers, and a hotel.
Moreover, Makkah Construction and Development Company holds the largest share in Jabal Omar Development Company, responsible for executing the Jabal Omar project located on Ibrahim Al-Khalil Street in Makkah.
In March of last year, the company announced the opening of candidacy for the Board of Directors for its 12th season. These positions will be held for a period of three years, commencing from 10 June, 2023, until 9 June, 2026.
27. Abniya
Founded during a momentous period in Saudi Arabia’s modern history, Abniya emerged amidst unprecedented transformation and dynamic innovation. With a rich foundation of 15 years of industry experience, Abniya was established with a clear vision: to become a leading innovator and competitive powerhouse within the kingdom’s construction sector.
Throughout its journey, Abniya has remained steadfast in pushing the boundaries of what’s possible, delivering exceptional results, and contributing meaningfully to the kingdom’s landscape.
In an era where transformative projects are reshaping the nation, Abniya stands stall, leveraging its substantial industry experience to propel itself towards distinction in innovation and competitiveness within the kingdom.
As a leading general contracting firm based in Riyadh, Abniya extends its services across the diverse MENA region. Specialising in civil construction, industrial automation, and turnkey electro-mechanical projects, the company employs cutting-edge technology and innovative practices to deliver superior service and results.
At Abniya, the mission is clear: to assist clients in achieving their project goals with unrivaled quality and punctuality. The company is dedicated to ensuring top-tier services, adhering to the highest safety measures, and minimising risks throughout the project’s lifecycle.
Beyond building structures, Abniya is committed to shaping a sustainable future in line with the Kingdom’s Vision 2030. This commitment is central to the company’s Corporate Social Responsibility strategy, fostering a positive impact on the communities it serves.
28. Bin Zafrah
Over the past 12 months, Bin Zafrah Contracting Co. has achieved significant milestones, spearheading groundbreaking initiatives and expansion efforts. One notable success is its collaboration with NovoCrete, a Swiss/German company specializing in Road & Rail stabilisation. Introducing their innovative solution, Bin Zafrah has revolutionised construction practices, achieving remarkable reductions in costs, materials, completion time, and CO2 emissions.
Among its key projects in the past year are the Ras Qasabah and Four Seasons Resort Sindalah Island developments in NEOM, with a total value exceeding SAR387 million.
Over the next 5 years, Bin Zafrah is dedicated to delivering high-quality projects that drive community development and growth. Aligned with Saudi Arabia’s Vision 2030, the company prioritises economic diversification, social development, and sustainable practices in all of its endeavours. Top of Form
29. Freyssinet Saudi Arabia
Founded in 1978, Freyssinet Saudi Arabia (FSA) has achieved remarkable success, completing numerous turnkey projects valued at several billion Saudi Riyals. Initially focusing on pre-fabricated and pre-stressed concrete, FSA has evolved into a prominent general contracting and engineering firm, expanding its scope to encompass value engineering, feasibility studies, project management, and project maintenance.
Leveraging a dynamic team of highly skilled professionals and embracing advanced and innovative solutions, the company has garnered recognition as a specialised contractor for building complexes, hospitals, industrial projects, commercial centers, bridges, and various structures.
Since 2020, FSA has been engaged in a $292.9 million contract with Qiddiya Investment Company, in partnership with Haif Contracting, to construct major roads and bridges on the upper plateau of the Qiddiya giga-project.
Additionally, the company commenced site-wide infrastructure works at King Salman Park in collaboration with Haif Contracting, under another joint venture agreement also valued at $292.9 million.
Expanding its portfolio, FSA secured a $78.2 million infrastructure works contract for the Ministry of Housing, along with a $74.8 million restoration project for the Royal Commission for Riyadh City. Furthermore, the company obtained a design and build contract for a Najdi-style mock-up from the Diriyah Gate Development Authority.
30. Abdulali Al-Ajmi Company
Established in 1980, Abdul Aali Al Ajmi Company has emerged as a preferred choice for government and semi-government entities seeking a specialised contractor with extensive experience in major road and bridge construction and maintenance.
While the company’s portfolio primarily showcases infrastructure projects, its services extend across a wide spectrum, encompassing petroleum services, surface treatment and road safety, electricity works, building construction, water and sanitation works, among others.
As a classified first-grade contractor, Al Ajmi Company has successfully met the requirements of prestigious organizations such as Saudi Aramco, the Ministry of Transport, the Border Guard, the Ministry of Municipal and Rural Affairs, and the Ministry of Water and Electricity.
With a well-equipped team proficient in operating crushers, concrete & asphalt mixers, coupled with decades of industry experience, the company ventured into bidding for the Rua Al Madinah project—a large-scale development spanning 4.9 million sq m in the holy city of Madinah.
Among its completed projects are the implementation of infrastructure in Jazan for the National Housing Company, the water line project in Abha for the Ministry of Water and Electricity, and the completion of the Ring Road in Al Ahsa for the Ministry of Transport, valued at $58.5 million.
