This year, Construction Weekly’s annual list of the Top 30 Construction Companies in Saudi Arabia includes established industry leaders, rising innovators, and several prominent members of the U.S.-Saudi Business Council. The article highlights the top 30 construction companies in Saudi Arabia in 2023, based on their project portfolios, revenues, and workforce. The construction industry in Saudi Arabia is growing significantly due to the country’s Vision 2030 program, which aims to diversify the economy and reduce dependence on oil.
The list includes four prominent members of the U.S.-Saudi Business Council. El Seif Engineering Contracting, a member of the El Seif Group and a leading Saudi construction company, is ranked third on the list for its strong track record of delivering large-scale projects, including the 302-meter-high Kingdom Tower in Riyadh, infrastructure projects for Diriyah Gate Development Authority, and several towers in Riyadh’s King Abdullah Financial District.
IHCC, a healthcare construction specialist, is ranked fifth in this list based off its recent major projects, including a LEED Platinum development and the advanced Medical City in Makkah valued at over $400 million. IHCC has delivered over $1.1 billion worth of projects spanning a total area of 400,000 square meters in the fields of healthcare, education, mixed-use, hospitality, industrial, and other major developments.
Ranked 13th is Jeddah-based Saudi Binladin Group, which is one of the largest construction companies in the region. The Group has worked on several high-profile projects such as the Holy Mosque expansion in Makkah, King AbdulAziz International Airport, King Abdullah Economic City, and Al-Faisaliyah Tower.
Tamimi Global (TAFGA), a subsidiary of Al Tamimi Group and a diversified Saudi Arabian conglomerate with interests in construction, real estate, and oil and gas, is also featured on the list for its leading presence in the Eastern Province and its recent awards of major contracts on the Construction Villages for both NEOM and AMAALA.
To learn more about recent trends in the Saudi construction industry, read the USSBC’s most recent Contract Awards Index (CAI) Report, with the most recent construction data from Q4 2022.