The well-regarded industry tracker, Construction Week Online, issued its 2015 Power 25 for Saudi Arabia recently. As the article notes, “This is a celebration of those who are shaping both the industry, and the regional landscape. True to its roots, this year’s list is dominated by powerhouses from across Saudi but you will notice new entrants who have exhibited exuberance and dedication to their fields of work.”
The article also acknowledges the fast-moving nature of the Saudi construction industry these days. “The last 365 days have been marked by a series of region-wide and local Saudi developments, including a steep decline in oil prices, border clashes and terrorist attacks, a new Saudi King to the throne, new construction regulations and other factors which in turn have altered the make-up of the 2015 Power 25.”
Khaled Al-Seif speaks at the U.S. Chamber of Commerce on September 3, 2015. The event included senior business executives and was hosted by the U.S. Chamber of Commerce, Saudi-US Trade Group and the Saudi Committee for International Trade/Council of Saudi Chambers of Commerce.
Of particular note is the ranking of El Seif Engineering Contracting at #2. The El Seif Group is a corporate member of the Saudi-US Trade Group and its chairman, Khaled M. Al-Seif, is a member of SUSTG’s Board of Directors and a dynamic member of the Saudi business community.
El Seif Engineering Contracting is one of the largest and oldest Saudi construction companies with over 40,000 employees. The company’s list of prestigious project includes: the Kingdom Tower in Riyadh, several towers, buildings and infrastructure works in King Abdullah Financial City, the third group of projects at Princess Nora Bint Abdel Rahman University, passenger terminals for Haramain high speed train in Jeddah , King Abdullah Economic city, in addition to high risers in Dubai, Doha and Beirut.
According to the site, El Seif is currently working on the design and construction of ten residential cities in the south of Saudi Arabia, housing in total around 7,000 units.
It also started working on Intisar Tower, a 113-storey tower with a contract worth $533m (SAR2bn). Intisar Tower will be the second tallest in Dubai upon completion in 2020.
“El Seif Engineering Contracting Company continues to operate at the highest levels among competitor construction companies in the region,” Khaled El Seif told ConstructionWeekOnline.com. “Thanks to growth in resources, expansion in scope of activities and increased regional contribution in both superstructure and infrastructure projects, we continue to lead the urban development in the region.”
