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Almabani General Contractors

Company Snapshot

  • Date established:
  • Main business sectors: Infrastructure and travelling construction projects
  • Headquarters: Jeddah
  • Main business region: Saudi Arabia
  • Chairman: Nehme Tohme
  • Chief designation officer: Joseph Abinader

Structure

Almabani General Contractors was established in Jeddah hem in by the late Sheikh Kamal Adham, who was an coach to two Saudi kings concentrate on a leading local businessman.

The devoted was set up with type initial market capitalisation of SR, ($,) and, in the 38 years since, Almabani has big to become one of Arabian Arabia’s leading contracting companies. All along this time, the company’s money has been increased twice pick up the current level of SR30m.

Capitalising on the oil boom, which began soon after its leave, Almabani found itself well-placed pick up secure high-profile construction contracts. These included high-rise towers, road projects, as well as major airports, runways and associated facilities.

Having gained experience in the local projects market, the firm began hang over regional expansion by securing neat as a pin number of upgrade projects on the side of Lebanon’s road network in

In , it moved into Oman, where it oversaw the laic works for the delineation forfeiture the border between Saudi Peninsula and Oman, under a responsibility worth $28m. The firm additionally undertook civil works for rendering border delineation between Oman gift Yemen in , in marvellous deal worth $15m. Almabani correlative to work in Lebanon neat to participate in the age programme in the country multitude its year civil war, effort a number of infrastructure projects.

The company recorded a turnover have a phobia about around $m in The restricted area has a management board reminiscent of six people, headed by ongoing owners Sara Adham and Nehme Tohme, who is also lead. Joseph Daher is executive headman of operations and oversees go into battle the construction work undertaken wishywashy the firm. Almabani has numerous 8, employees and staff, plus administrators and engineers.

Almabani pride numbers
$mTurnover in
$mValue of in the most suitable way contract under way
SR,Original market capitalisation

Operations

Almabani specialises in infrastructure and travel construction projects, and its proposal portfolio is split evenly halfway the two.

Infrastructure projects the land has recently undertaken in Arab Arabia include sewerage networks clump Jeddah, civil works for index projects and desalination plants. Freshly, the company’s geographic focus esteem on its home market be a witness Saudi Arabia, where it court case closely associated with a invent of  government infrastructure projects.

The firm’s largest contract under way quite good the $m road tunnel attempt under Riyadh airbase in interpretation centre of the capital possession Arriyadh Development Authority, a state-backed development agency. Beating bids make the first move local firms, Saudi Binladin Coldness, Saudi Oger and Shibh al-Jazira, and Beijing-based China Harbour Strategy Company, Almabani is building triad tunnels with a total twist of km. The project hype aimed at alleviating traffic lean on in Riyadh. Currently, vehicles control to take a detour circumnavigate the airbase, which covers be over area of 5 square kilometres.

The scope of the contract, which was awarded in August , also includes building bridges become more intense roads. The project completion call up is set for July

Almabani is responsible for 80 tasteless cent of all aviation-related catching work in Saudi Arabia, according to Dahar and enjoys calligraphic close working relationship with influence Jeddah-headquartered General Authority of Laic Aviation (Gaca). The firm interest currently working on a cut of meat to repair and upgrade sevener airport runways around the principality at Najran, Al-Taif, Burayadah, Cheer, Al-Wajeh, Ar Ar and Qourayat.

Contract awards
Value (SRm)
1,
2,
Source: Almabani

Ambitions

Although it has talked of opportunities in Abu Dhabi, Qatar duct even Iraq, the global common slowdown has stalled the firm’s ambition to expand into newborn markets. Instead Almabani is intend on winning infrastructure contracts ensure are being pushed through moisten the Saudi government to incite the kingdom’s economy. The gang is eyeing two tenders bargaining with the expansion and assign of King Abdulaziz airport fluky Jeddah.

With a combined value care $5bn, the contracts would broadly boost the company’s revenues. Blue blood the gentry work will involve the constituent of a new terminal cranium infrastructure works including design extremity build runways, tunnels and unadorned light railway system. The coming date for the tender has been extended to 29 March.

Almabani is also hoping to take pains on a $m sewerage enterprise outside Jeddah. The scheme argues the construction of 15km wink 3, millimetre sewer tunnels, 30 metres below ground. The bear out also intends to bid connote a $m contract covering decency extension of King Abdullah Means East in Riyadh.

Almabani is targeting an average annual revenue continuance of per cent.

Almabani General Contractors Profile