The group which was established in 1991 currently operates in several sectors including construction specialised contracting water and power facility management manufacturing MEP solutions technology and investment in public-private partnerships (PPPs). As part of its growth plans Eng Alshawaf said the group has adopted a wise expansion strategy covering energy and mining in addition to increasing investment in assets which will be offered through state funds governmental and private projects. AlBawani s board of directors is also considering selling a stake in the company through an initial public offering (IPO) in the coming period he told CNBC Arabia in an interview. Driven by a steadfast commitment to fostering sustainable growth AlBawani Holding Group is actively considering an initial public offering (IPO) to make a portion of its shares available for public subscription in the near future. We are open to any strategic initiative that can further enhance the group s value and propel its growth trajectory. As a leading national enterprise AlBawani Holding Group is determined to play a pivotal role across diverse sectors and establish itself as a formidable competitor for global players he elaborated. Since its inception AlBawani Holding Group has navigated a course through significant challenges and has emerged as a firmly established entity - a testament to its unwavering determination unflinching dedication and tireless efforts. Moreover the steadfast support of the Saudi government has been instrumental in empowering national companies to assume pivotal roles thanks to the launch of numerous infrastructure projects and legislative reforms stated Eng Alshawaf in the interview on CNBC s Arabic Channel. Eng Alshawaf emphasised the transformative impact of Saudi Vision 2030 in propelling the kingdom to a prominent global position. He underscored AlBawani Holding Group s commitment to aligning its strategies with the successive short- and long-term growth plans outlined in the vision. This proactive approach has enabled the group to successfully execute a multitude of large-scale projects across the kingdom he stated. Partnership with PIF Eng Alshawaf remarked that partnering with the Public Investment Fund (PIF) represents a unique opportunity for the group to leverage the Fund s vast expertise and the opportunities it presents enabling the company to elevate itself into a pioneering diversified conglomerate within the region consistently delivering exceptional services and value to clients employees and the society at large. He also highlighted the PIF s crucial role in the construction sector considering its paramount importance to the Saudi economy. He added that the Fund s investments will play a pivotal role in the realisation of Vision 2030 and its ambitious projects. Construction s key role Eng Alshawaf emphasised the significant role of the construction sector in the evolving dynamics of the Saudi economy which is currently undergoing significant diversification and robust growth. He pointed out that the challenges now faced by the sector stem primarily from the sheer scale and diversity of projects being undertaken. These projects can only be successfully executed by companies that possess the necessary expertise planning skills preparedness and effective leadership to navigate the complexities and deliver exceptional results he stressed. Through its construction division AlBawani Construction Company (ABCC) AlBawani has consistently demonstrated its ability to compete effectively and carry out large-scale projects ensuring that the delivery of these projects meets the highest quality standards and is carried out cost efficiently he added. Mega projects In terms of the key ongoing development projects in the kingdom a majority of them are centered around real estate he said. These include initiatives led by the Ministry of Housing and its affiliated companies as well as other significant developments like Neom The Red Sea Project and Qiddiya and those being spearheaded by Seven and other developers across the kingdom. The Saudi market holds immense promise and is poised to attract a plethora of construction and investment projects offered by the state. These projects are marked by their diversity as exemplified by Neom where AlBawani has successfully executed one of the most significant projects. These large-scale initiatives spanning various domains and position the kingdom as an attractive destination he elaborated. AlBawani s involvement in these projects is multifaceted through its various divisions. In the investment sector the group holds significant assets in partnership with the government sector such as the operation of the 600 000-cu-m Jubail III water treatment plant in collaboration with other Saudi investors Eng Alshawaf stated. Furthermore we have embarked on the first educational infrastructure project in conjunction with the Ministry of Finance the National Center for Privatization (NCP) and Tatweer Buildings Company (TBC). The first phase of this project has already been completed in Jeddah with assets affiliated with the educational buildings in Makkah set to be delivered by the year-end. We intend to enter into several long-term ownership agreements extending up to 22 years with various agencies and in coordination and collaboration with various AlBawani group companies he added. Health sector Regarding AlBawani s involvement in health sector projects Eng Alshawaf noted that the government has shown a strong commitment to advancing the health sector. He pointed out that with the privatisation of this sector it is poised to attract substantial investments from both domestic and international sources. AlBawani primarily through its ABCC subsidiary has successfully completed numerous projects in this realm. He emphasised that AlBawani is among the leading specialised companies in this field and is a pioneer in implementing medical projects worldwide. Lucid factory As for AlBawani s role in establishing the Lucid factory one of the largest electric vehicles (EV) production facilities outside of the US Eng Alshawaf said the first phase of the factory which was inaugurated on September 27 2023 was built by AlBawani in record time. AlBawani began construction of the first phase of the facility in May 2022. This and future phases are expected to consist of many buildings across Lucid s 1.3-million-sq-m campus plot at the King Abdullah Economic City (KAEC). Nationalisation of jobs In reply to a question on the nationalisation of jobs he said AlBawani Holding Group has established the National Construction Academy (NCA) a non-profit national training institute which has already commenced its mission by training 500 students. The plan is to increase this number to 1 000 students in the upcoming session. He emphasised AlBawani s commitment to nurturing well-qualified domestic talent capable of contributing to the construction sector. Eng Alshawaf also revealed the group s ambitious plans undertaken in collaboration with a technical institute to expand the scope of training and introduce new specialisations that can cater to the needs of the construction and contracting industry.

Construction is already underway on the project with an investment value of over SAR1.1 billion ( 293.27 million). Seven s entertainment destination in Yanbu is located along the seafront promenade on Al Nawras Island and has been designed to play a pivotal role in the city s entertainment sector. The project will offer guests a wide variety of experiences designed to engage all age groups. Seven Yanbu is designed by Gensler a global architecture design and planning firm and is inspired by the city s heritage as a historic port located on the kingdom s western Red Sea coast. The design is a celebration of water with elements of the beach and the sea threaded throughout. Abdullah AlDawood Chairman Seven said: Our entertainment destination in Yanbu will provide residents and visitors with a wealth of new and exciting experiences while supporting the city s rapidly developing entertainment sector. Seven s entertainment destination is inspired by Yanbu s beautiful natural seascape embodying the city s the rich history as one of the oldest ports in the Kingdom. Seven Yanbu will offer something for everyone. Fakher Al Shawaf Chairman and Group CEO Al Bawani Co said: We are excited to partner with Seven to deliver this project. The design has taken into consideration Yanbu s coastal location and its history as one of the oldest ports in Saudi. Seven s investment will support Yanbu s growing population to meet its entertainment needs. Al Bawani is well-positioned to deliver this unique destination to meet the ever-growing aspirations of Saudis. Ramez Al-Khayyat the President of UCC Holding stated: We are delighted to spread joy in Yanbu through our partnership with Seven. We will leverage our extensive experience in building entertainment destinations to deliver the project on time to the highest international standards. Seven Yanbu will be home to an immersive carnival themed family entertainment centre with world class rides. Other attractions will include a Clip n Climb facility providing 30 climbing challenges for both adults and children to enjoy a junior family entertainment centre a state-of-the-art 10-screen cinema a futuristic neon 10-lane bowling experience a fun-filled indoor adventure golf course as well as a wide variety of local and international retail and dining experiences. Seven is investing more than SAR50 billion to build 21 entertainment destinations which will provide unique and innovative world-class entertainment experiences and global partnerships from within the sector. It recently announced the beginning of construction of its entertainment destinations in the Al Hamra district of Riyadh and Tabuk. The upcoming projects are located in 14 cities across the kingdom: Riyadh Kharj Makkah Jeddah Taif Dammam Khobar Al Ahsa Madinah Yanbu Abha Jazan Buraidah and Tabuk. Saudi Entertainment Ventures is mandated to invest in develop and operate entertainment destinations and create a sustainable entertainment sector that caters to the needs of all in Saudi Arabia in accordance with the highest and latest international standards.

Al Bawani Company a leading Saudi construction company has been ranked third by Forbes Middle East in the list of top construction companies in the Middle East and North Africa (Mena) for 2021. A diversified group of Saudi companies established in 1991 Al Bawani has over the last three decades grown from a civil works company to a fully-fledged general contracting corporation. The Saudi group has completed over 250 projects including the Aramco Innovation Center King Salman Park Phase 1 and the Phase One of Red Sea Tourism Project. It currently has over 2.4 billion worth of ongoing projects and over 12 000 employees. The company s clients include Saudi Aramco Arabsat Riyad Bank and Saudi s Ministry of Defense. On the top ranking CEO Engineer Fakher Al Shawaf said: The most important success factor in a construction company is its people and we are proud of the entire Albawani family for this recognition. What a way to end this year! Early this month Al Bawani had inked several MoUs with top French companies at the Investment Forum in Jeddah. This comes in line with its strategy to seal partnerships with high calibre international organizations in bid to boost the kingdom s capability in support of Saudi Vision 2030. The MoUs were signed by Nasser Al Shawaf Albawani Board member at the Investment Forum in Jeddah during the official visit of French President Emmanuel Macron to the kingdom. Also this year in February it had signed a partnership agreement with the Tarmeem charitable association which restores homes for low-income families in the Eastern Province.-TradeArabia News Service

Al Bawani Company a leading Saudi construction company has announced the signing of several MoUs with leading French companies at the Investment Forum in Jeddah. This comes in line with its strategy to seal partnerships with high calibre international organizations in bid to boost the kingdom s capability in support of Saudi Vision 2030. The MoUs were signed by Nasser Al Shawaf Albawani Board member at the Investment Forum in Jeddah during the official visit of French President Emmanuel Macron to the kingdom. The event was held under the patronage of Saudi Minister of Investment Khalid Alfaleh and the Minister Delegate for Foreign Trade and Economic Attractiveness Franck Riester. On the agreements Al Shawaf said: We are proud to support French and Saudi exchanges and look forward to fruitful collaborations/partnerships. Since its establishment in 1991 Al Bawani has grown from a modest civil-works firm into a fully-ledged general contracting corporation with a sizable portfolio strong financial position and a significant presence in a broad range of industries. Till date the group has completed over 250 projects building long-term partnerships and earning the trust and loyalty of its clients in the process said the top official. We currently have over SR9 billion ( 2.4 billion) worth of ongoing projects. These are being serviced by our 12 000-strong workforce each of whom is a specialist in their respective fields he added.

Managing the reins of the company for more than 22 years Al-Shawaf has driven Al Bawani to build a very strong engineering procurement and construction (EPC) team while increasing its reliance on technology. This has helped the company to capture deal flow deliver projects on time and maximise its efficiency. In Al-Shawaf s words the contractor s hands-on approach in management and ability to adopt to challenging environments has set it apart. During 2020 when the world first faced the pandemic many companies were forced to either lay their employees off or cut salaries to financially support their businesses. Al Bawani however did not lower the wages of any of its employees. On the other hand the company set up a special unit to follow up with every employee who had been infected by the virus. Continuing to stay agile in a crisis situation Al Bawani managed to grow and diversify its business by securing billions of riyals worth of projects across sectors in different regions within Saudi Arabia and abroad. The contractor won contracts from Saudi Rail Company (SAR) Diriyah Gate Development Authority (DGDA) The Red Sea Development Company (TRSDC) and King Salman Park Foundation. Some of the projects that Al Bawani has been associated with over the past 12 months include Saudi Telecom Company s Datacentre Project in two strategic locations Riyadh Airport Company s (RAC) King Khalid International Airport (KKIA) T1 and TL1 refurbishment and King Salman Medical and Educational City in Yemen. Over the years Al Bawani has established its position as a long-term partner for the government and has won a number of public-private partnership (PPP) projects in Saudi Arabia. In 2021 leading into 2022 the contractor aims to create a more sustainable business through continous improvement and diversification.

The group which was established in 1991 currently operates in several sectors including construction specialised contracting water and power facility management manufacturing MEP solutions technology and investment in public-private partnerships (PPPs). As part of its growth plans Eng Alshawaf said the group has adopted a wise expansion strategy covering energy and mining in addition to increasing investment in assets which will be offered through state funds governmental and private projects. AlBawani s board of directors is also considering selling a stake in the company through an initial public offering (IPO) in the coming period he told CNBC Arabia in an interview. Driven by a steadfast commitment to fostering sustainable growth AlBawani Holding Group is actively considering an initial public offering (IPO) to make a portion of its shares available for public subscription in the near future. We are open to any strategic initiative that can further enhance the group s value and propel its growth trajectory. As a leading national enterprise AlBawani Holding Group is determined to play a pivotal role across diverse sectors and establish itself as a formidable competitor for global players he elaborated. Since its inception AlBawani Holding Group has navigated a course through significant challenges and has emerged as a firmly established entity - a testament to its unwavering determination unflinching dedication and tireless efforts. Moreover the steadfast support of the Saudi government has been instrumental in empowering national companies to assume pivotal roles thanks to the launch of numerous infrastructure projects and legislative reforms stated Eng Alshawaf in the interview on CNBC s Arabic Channel. Eng Alshawaf emphasised the transformative impact of Saudi Vision 2030 in propelling the kingdom to a prominent global position. He underscored AlBawani Holding Group s commitment to aligning its strategies with the successive short- and long-term growth plans outlined in the vision. This proactive approach has enabled the group to successfully execute a multitude of large-scale projects across the kingdom he stated. Partnership with PIF Eng Alshawaf remarked that partnering with the Public Investment Fund (PIF) represents a unique opportunity for the group to leverage the Fund s vast expertise and the opportunities it presents enabling the company to elevate itself into a pioneering diversified conglomerate within the region consistently delivering exceptional services and value to clients employees and the society at large. He also highlighted the PIF s crucial role in the construction sector considering its paramount importance to the Saudi economy. He added that the Fund s investments will play a pivotal role in the realisation of Vision 2030 and its ambitious projects. Construction s key role Eng Alshawaf emphasised the significant role of the construction sector in the evolving dynamics of the Saudi economy which is currently undergoing significant diversification and robust growth. He pointed out that the challenges now faced by the sector stem primarily from the sheer scale and diversity of projects being undertaken. These projects can only be successfully executed by companies that possess the necessary expertise planning skills preparedness and effective leadership to navigate the complexities and deliver exceptional results he stressed. Through its construction division AlBawani Construction Company (ABCC) AlBawani has consistently demonstrated its ability to compete effectively and carry out large-scale projects ensuring that the delivery of these projects meets the highest quality standards and is carried out cost efficiently he added. Mega projects In terms of the key ongoing development projects in the kingdom a majority of them are centered around real estate he said. These include initiatives led by the Ministry of Housing and its affiliated companies as well as other significant developments like Neom The Red Sea Project and Qiddiya and those being spearheaded by Seven and other developers across the kingdom. The Saudi market holds immense promise and is poised to attract a plethora of construction and investment projects offered by the state. These projects are marked by their diversity as exemplified by Neom where AlBawani has successfully executed one of the most significant projects. These large-scale initiatives spanning various domains and position the kingdom as an attractive destination he elaborated. AlBawani s involvement in these projects is multifaceted through its various divisions. In the investment sector the group holds significant assets in partnership with the government sector such as the operation of the 600 000-cu-m Jubail III water treatment plant in collaboration with other Saudi investors Eng Alshawaf stated. Furthermore we have embarked on the first educational infrastructure project in conjunction with the Ministry of Finance the National Center for Privatization (NCP) and Tatweer Buildings Company (TBC). The first phase of this project has already been completed in Jeddah with assets affiliated with the educational buildings in Makkah set to be delivered by the year-end. We intend to enter into several long-term ownership agreements extending up to 22 years with various agencies and in coordination and collaboration with various AlBawani group companies he added. Health sector Regarding AlBawani s involvement in health sector projects Eng Alshawaf noted that the government has shown a strong commitment to advancing the health sector. He pointed out that with the privatisation of this sector it is poised to attract substantial investments from both domestic and international sources. AlBawani primarily through its ABCC subsidiary has successfully completed numerous projects in this realm. He emphasised that AlBawani is among the leading specialised companies in this field and is a pioneer in implementing medical projects worldwide. Lucid factory As for AlBawani s role in establishing the Lucid factory one of the largest electric vehicles (EV) production facilities outside of the US Eng Alshawaf said the first phase of the factory which was inaugurated on September 27 2023 was built by AlBawani in record time. AlBawani began construction of the first phase of the facility in May 2022. This and future phases are expected to consist of many buildings across Lucid s 1.3-million-sq-m campus plot at the King Abdullah Economic City (KAEC). Nationalisation of jobs In reply to a question on the nationalisation of jobs he said AlBawani Holding Group has established the National Construction Academy (NCA) a non-profit national training institute which has already commenced its mission by training 500 students. The plan is to increase this number to 1 000 students in the upcoming session. He emphasised AlBawani s commitment to nurturing well-qualified domestic talent capable of contributing to the construction sector. Eng Alshawaf also revealed the group s ambitious plans undertaken in collaboration with a technical institute to expand the scope of training and introduce new specialisations that can cater to the needs of the construction and contracting industry.

Construction is already underway on the project with an investment value of over SAR1.1 billion ( 293.27 million). Seven s entertainment destination in Yanbu is located along the seafront promenade on Al Nawras Island and has been designed to play a pivotal role in the city s entertainment sector. The project will offer guests a wide variety of experiences designed to engage all age groups. Seven Yanbu is designed by Gensler a global architecture design and planning firm and is inspired by the city s heritage as a historic port located on the kingdom s western Red Sea coast. The design is a celebration of water with elements of the beach and the sea threaded throughout. Abdullah AlDawood Chairman Seven said: Our entertainment destination in Yanbu will provide residents and visitors with a wealth of new and exciting experiences while supporting the city s rapidly developing entertainment sector. Seven s entertainment destination is inspired by Yanbu s beautiful natural seascape embodying the city s the rich history as one of the oldest ports in the Kingdom. Seven Yanbu will offer something for everyone. Fakher Al Shawaf Chairman and Group CEO Al Bawani Co said: We are excited to partner with Seven to deliver this project. The design has taken into consideration Yanbu s coastal location and its history as one of the oldest ports in Saudi. Seven s investment will support Yanbu s growing population to meet its entertainment needs. Al Bawani is well-positioned to deliver this unique destination to meet the ever-growing aspirations of Saudis. Ramez Al-Khayyat the President of UCC Holding stated: We are delighted to spread joy in Yanbu through our partnership with Seven. We will leverage our extensive experience in building entertainment destinations to deliver the project on time to the highest international standards. Seven Yanbu will be home to an immersive carnival themed family entertainment centre with world class rides. Other attractions will include a Clip n Climb facility providing 30 climbing challenges for both adults and children to enjoy a junior family entertainment centre a state-of-the-art 10-screen cinema a futuristic neon 10-lane bowling experience a fun-filled indoor adventure golf course as well as a wide variety of local and international retail and dining experiences. Seven is investing more than SAR50 billion to build 21 entertainment destinations which will provide unique and innovative world-class entertainment experiences and global partnerships from within the sector. It recently announced the beginning of construction of its entertainment destinations in the Al Hamra district of Riyadh and Tabuk. The upcoming projects are located in 14 cities across the kingdom: Riyadh Kharj Makkah Jeddah Taif Dammam Khobar Al Ahsa Madinah Yanbu Abha Jazan Buraidah and Tabuk. Saudi Entertainment Ventures is mandated to invest in develop and operate entertainment destinations and create a sustainable entertainment sector that caters to the needs of all in Saudi Arabia in accordance with the highest and latest international standards.

Al Bawani Company a leading Saudi construction company has been ranked third by Forbes Middle East in the list of top construction companies in the Middle East and North Africa (Mena) for 2021. A diversified group of Saudi companies established in 1991 Al Bawani has over the last three decades grown from a civil works company to a fully-fledged general contracting corporation. The Saudi group has completed over 250 projects including the Aramco Innovation Center King Salman Park Phase 1 and the Phase One of Red Sea Tourism Project. It currently has over 2.4 billion worth of ongoing projects and over 12 000 employees. The company s clients include Saudi Aramco Arabsat Riyad Bank and Saudi s Ministry of Defense. On the top ranking CEO Engineer Fakher Al Shawaf said: The most important success factor in a construction company is its people and we are proud of the entire Albawani family for this recognition. What a way to end this year! Early this month Al Bawani had inked several MoUs with top French companies at the Investment Forum in Jeddah. This comes in line with its strategy to seal partnerships with high calibre international organizations in bid to boost the kingdom s capability in support of Saudi Vision 2030. The MoUs were signed by Nasser Al Shawaf Albawani Board member at the Investment Forum in Jeddah during the official visit of French President Emmanuel Macron to the kingdom. Also this year in February it had signed a partnership agreement with the Tarmeem charitable association which restores homes for low-income families in the Eastern Province.-TradeArabia News Service

Al Bawani Company a leading Saudi construction company has announced the signing of several MoUs with leading French companies at the Investment Forum in Jeddah. This comes in line with its strategy to seal partnerships with high calibre international organizations in bid to boost the kingdom s capability in support of Saudi Vision 2030. The MoUs were signed by Nasser Al Shawaf Albawani Board member at the Investment Forum in Jeddah during the official visit of French President Emmanuel Macron to the kingdom. The event was held under the patronage of Saudi Minister of Investment Khalid Alfaleh and the Minister Delegate for Foreign Trade and Economic Attractiveness Franck Riester. On the agreements Al Shawaf said: We are proud to support French and Saudi exchanges and look forward to fruitful collaborations/partnerships. Since its establishment in 1991 Al Bawani has grown from a modest civil-works firm into a fully-ledged general contracting corporation with a sizable portfolio strong financial position and a significant presence in a broad range of industries. Till date the group has completed over 250 projects building long-term partnerships and earning the trust and loyalty of its clients in the process said the top official. We currently have over SR9 billion ( 2.4 billion) worth of ongoing projects. These are being serviced by our 12 000-strong workforce each of whom is a specialist in their respective fields he added.

Managing the reins of the company for more than 22 years Al-Shawaf has driven Al Bawani to build a very strong engineering procurement and construction (EPC) team while increasing its reliance on technology. This has helped the company to capture deal flow deliver projects on time and maximise its efficiency. In Al-Shawaf s words the contractor s hands-on approach in management and ability to adopt to challenging environments has set it apart. During 2020 when the world first faced the pandemic many companies were forced to either lay their employees off or cut salaries to financially support their businesses. Al Bawani however did not lower the wages of any of its employees. On the other hand the company set up a special unit to follow up with every employee who had been infected by the virus. Continuing to stay agile in a crisis situation Al Bawani managed to grow and diversify its business by securing billions of riyals worth of projects across sectors in different regions within Saudi Arabia and abroad. The contractor won contracts from Saudi Rail Company (SAR) Diriyah Gate Development Authority (DGDA) The Red Sea Development Company (TRSDC) and King Salman Park Foundation. Some of the projects that Al Bawani has been associated with over the past 12 months include Saudi Telecom Company s Datacentre Project in two strategic locations Riyadh Airport Company s (RAC) King Khalid International Airport (KKIA) T1 and TL1 refurbishment and King Salman Medical and Educational City in Yemen. Over the years Al Bawani has established its position as a long-term partner for the government and has won a number of public-private partnership (PPP) projects in Saudi Arabia. In 2021 leading into 2022 the contractor aims to create a more sustainable business through continous improvement and diversification.

AlBawani Holding Company a diversified Saudi conglomerate registered a growth of 39 per cent last year and anticipates its revenue to increase to SR27 billion ( 7.20 billion) by 2027 Eng Fakher Alshawaf Chairman and Group Chief Executive of the company has said. The group which was established in 1991 currently operates in several sectors including construction specialised contracting water and power facility management manufacturing MEP solutions technology and investment in public-private partnerships (PPPs). As part of its growth plans Eng Alshawaf said the group has adopted a wise expansion strategy covering energy and mining in addition to increasing investment in assets which will be offered through state funds governmental and private projects. AlBawani s board of directors is also considering selling a stake in the company through an initial public off...

Saudi Entertainment Ventures (Seven) a wholly owned subsidiary of the Public Investment Fund (PIF) has awarded the contract to build the new entertainment destination in Yanbu to a joint venture (JV) of Al Bawani Co and UCC Saudi. Construction is already underway on the project with an investment value of over SAR1.1 billion ( 293.27 million). Seven s entertainment destination in Yanbu is located along the seafront promenade on Al Nawras Island and has been designed to play a pivotal role in the city s entertainment sector. The project will offer guests a wide variety of experiences designed to engage all age groups. Seven Yanbu is designed by Gensler a global architecture design and planning firm and is inspired by the city s heritage as a historic port located on the kingdom s western Red Sea coast. The design is a celebration of water with elements of...

Lucid Group a US-based electric vehicle company has signed up Al Bawani a leading general contracting firm for the construction of its first international production plant in Saudi Arabia. The new facility will come up on a 1.3 million sq m campus plot at the King Abdullah Economic City (KAEC). The new plant targets 155 000 vehicles per year. Al Bawani said it has already begun work on the first phase of the plant which will manufacture the longest range and the fastest charging electric cars in the market. The company s first car Lucid Air is a state-of-the-art luxury sedan with a California-inspired design that features luxurious full-size interior space in a mid-size exterior footprint. Al Bawani said this and future phases are expected to consist of many buildings across Lucid s campus at KAEC thus creating a home for its...

Al Bawani Company a leading Saudi construction company has been ranked third by Forbes Middle East in the list of top construction companies in the Middle East and North Africa (Mena) for 2021. A diversified group of Saudi companies established in 1991 Al Bawani has over the last three decades grown from a civil works company to a fully-fledged general contracting corporation. The Saudi group has completed over 250 projects including the Aramco Innovation Center King Salman Park Phase 1 and the Phase One of Red Sea Tourism Project. It currently has over 2.4 billion worth of ongoing projects and over 12 000 employees. The company s clients include Saudi Aramco Arabsat Riyad Bank and Saudi s Ministry of Defense. On the top ranking CEO Engineer Fakher Al Shawaf said: The most important success factor in a ...

Al Bawani Company a leading Saudi construction company has announced the signing of several MoUs with leading French companies at the Investment Forum in Jeddah. This comes in line with its strategy to seal partnerships with high calibre international organizations in bid to boost the kingdom s capability in support of Saudi Vision 2030. The MoUs were signed by Nasser Al Shawaf Albawani Board member at the Investment Forum in Jeddah during the official visit of French President Emmanuel Macron to the kingdom. The event was held under the patronage of Saudi Minister of Investment Khalid Alfaleh and the Minister Delegate for Foreign Trade and Economic Attractiveness Franck Riester. On the agreements Al Shawaf said: We are proud to support French and Saudi exchanges and look forward to fruitful collaborations/partnerships. /d...

The Red Sea Development Company (TRSDC) the developer behind the world s most ambitious regenerative tourism project has awarded contracts to Saudi-based Al Bawani and leading Swiss timber construction company Blumer Lehmann for development of its luxury hotels and resorts. As per this contract both the companies will play pivotal roles in the construction of hotels across The Red Sea Project said the statement from TRSDC. Al Bawani will responsible for civil and structural works across 40 hotel villas on the Southern Dunes site while Blumer Lehmann responsible for timber construction planning and fabrication as well as supply works for a hotel situated on Ummahat Al Shaykh Island. Awarding the contracts CEO John Pagano said: The Red Sea Development Company has made significant progress in terms of the design and construction of key infrastructure ...

The organiser of The Big 5 Saudi has announced that the leading construction event will move to Riyadh in 2021. Now in the capital the expo can effectively drive vital business connections and Vision 2030 objectives while supporting recovery efforts following COVID-19 said dmg Events. Ben Greenish Senior Vice President at dmg events commented: We are delighted to confirm new dates for The Big 5 Saudi and to announce that the event will be held in Riyadh for the first time in 2021. At a time when construction developments and the business landscape are rapidly changing we look forward to providing a safe environment where the industry can connect kick-start business and drive growth. It is our hope that both the discussions and the partnerships made at the event are going to have a long-term impact on the future outlook of Saudi Arabia s 1.4-trill...

Tatweer Building Company (TBC) the execution arm of Saudi Ministry of Education has announced the consortium of Ajyad Knowledge for Education and Training and Al Bawani Company as the preferred bidder for Wave 1 Schools Public Private Partnership programme. TBC said that the Wave 1 of the PPP programme will see the funding design and building and facility management of 60 schools on the Build Maintain and Transfer (BMT) model. These schools will accommodate more than 50 000 students in the cities of Makkah and Jeddah. According to TBC the construction phase of the project will be for three years followed by 20 years of maintenance provided by the private sector. The Ajyad Knowledge and Al Bawani consortium was selected as it delivered the best financial offer of SR86 million (average annual equivalent price) for the total of ...

More than 340 major players from the global construction industry will be in Jeddah for the 10th edition of the Big 5 Saudi expo in March with an eye on the kingdom s 1.2-trillion construction market. Mega-projects such as NEOM and King Salman Park provide immense opportunities for international companies looking to show commitment to the kingdom said the organisers dmg events. The kingdom s high-profile construction event will be back at the Jeddah Centre for Forum & Events from March 8 to 10 for its grand 10th-anniversary edition. A meeting place for the global construction industry in Saudi Arabia The Big 5 Saudi provides a place to source everything in the construction buying cycle from conception through to completion. Top exhibiting brands from over 20 countries including Greece UK UAE Egy...

Al Bawani Company a leading Saudi construction company said it has won a contract from Asharqiya Chamber one of the kingdom s oldest and well-established service organisations to build a new commercial tower in the kingdom s Eastern Province. The Al Kharwa Investment Tower project which is being built at an investment of SR335 million ( 83 million) will be located next to the headquarters of Asharqia President s House. The unique design of the tower offers an innovative environment that suits the modern style of the business community and its services. It is in parallel with the development and renewed ambitions of the business environment in the Eastern Region which is characterised by privacy and aesthetic appeal said the statement from Al Bawani. The design of the project takes into account the various needs that are commensurate with the aspirations of the business sector and aims to facilitate t...

The Big 5 the largest construction event in the Middle East opened today (November 26) in Dubai featuring five co-located events and high-level summits besides more than 100 workshops a Start-up City and launch of thousands of construction products from across the globe. The 39th edition of expo was officially opened by Sheikh Hamdan bin Rashid Al Maktoum Deputy Ruler of Dubai and the Minister of Finance and Industry of the United Arab Emirates (UAE) at the Dubai World Trade Centre which runs until November 29. This year five exhibitions run as part of The Big 5 creating one mega event for the entire construction life-cycle: HVAC R Expo the new event dedicated to the HVAC R industry; The Big 5 Solar bringing solar solutions for construction; the Urban Design & Landscaping Expo (UDLE) - the region s only event dedicated to landscaping infrastructure and urban development; The Big 5 Heavy the leading event dedic...

With more than 1 400 active construction projects worth 348.2 billion in Egypt the country is going through a phase of economic prosperity across the board and especially in the construction sector said a report ahead of The Big 5 Construct Egypt expo. To be held from September 18 to 21 at the Egypt International Exhibition Centre (EIEC) the Big 5 Construct Egypt will help connect industry experts buyers and manufacturers of construction products from all over the world. The Big 5 is a series of construction trade fairs originating in Dubai aimed at connecting international suppliers of construction products and services with buyers from the Mena region. Last year Egypt s construction market output recorded a 10 per cent growth as opposed to an average annual growth rate of 5.3 per cent over the previous 4 years stated the report by BNC. The report entitled Urban Construction in Egypt complimen...

Saudia Cargo has recently signed agreements with three major companies to construct a new cargo handling facility at King Abdulaziz International Airport (KAIA) in Jeddah Saudi Arabia. Fawaz Al-Fawaz chairman of Saudia Cargo and Omar Hariri CEO Saudia Cargo signed the agreements during a ceremony. The agreements were signed with three companies: Al-Bawani which will be in charge of construction and implementation of the project represented by CEO Fakher Al Shawaf; Siemens which will supply the facility with state-of-the-art mechanical equipment and advanced cargo handling systems represented by CFO Mohammed Mohammed; and AECOM which will act as the supervisor of the new facility s engineering works represented by CEO Ian Manser. The 75 000-sq-m cargo handling facility has double area of the current one estimated at 35 000 sq m. The first phase of the project commences June 2018 and is expected to end Novembe...

The Big 5 Saudi an ongoing premier trade event in Jeddah Saudi Arabia for construction professionals will show innovation in building design and the construction technology needed to accelerate urban growth. The event is running from March 5 to 8 at the Jeddah Chamber for Forums & Events. Expected to attract 15 000 visitors the exhibition will bring under one roof over 400 manufacturers of construction products from around the world. Housing development in 2018 will show an increase of 30-40 per cent compared with last year and the total projected residential projects will reach more than 250 000 sq m. This number will incrementally grow over the next 5 years on a 25-40 per cent rate annually said Dr Mohammed S Al Surf regional manager of Market Development at Saudi s Green Building Certification Institute. Speaking at The Big 5 Saudi yesterday (March 6) Dr Mohammed updated visitors on the current urban ma...

More than 400 local and international exhibitors will be showcasing their latest products and services at the Big 5 Saudi 2018 a premier trade event for the construction sector which opens its doors tomorrow (March 5) at The Jeddah Centre for Forums & Events. Backed by Saudi Arabia s Building Technology Stimulus Fund (BTSF) an initiative of the Saudi Ministry of Housing The Big 5 Saudi 2018 is expected to play a decisive role in supporting the Kingdom s Vision 2030 over the next three days. A key highlight of the event will be hosting of more than 50 free certified workshops by the captains of the construction industry. With a growing population outnumbering its GCC neighbours Saudi s construction industry has vast potential to grow remarked Ibrahim Albuloushi the country head for Sauid Arabia for JLL. The recent economic and social reforms PPP and privatisation efforts b...