Almabani
Established in 1972, Jeddah-based Almabani has built on its more than five decades of experience to work on some of the biggest mega and gigaprojects in the Kingdom of Saudi Arabia.
Over the past 12 months, the contractor completed the construction works for the new operations building and government services building at King Abdulaziz International Airport (KAIA) in Jeddah with a total value of $95.4mn (SAR358mn).
The contractor confirmed that it is on track to complete the construction of airport airside package for The Red Sea Development Company’s (TRSDC) The Red Sea International Airport and the construction of Advanced Air Base Facilities in Hofuf for King Faisal Air Academy project in Al-Majma’ah.
Some of the contracting giant’s major successes in the past 12 months include project wins in $500bn NEOM, where it has started setting up base. Almabani also secured the $1bn (SAR3.75bn) contract to build Six Flags Qiddiya alongside Bouygues Batiment International. Additionally, the contractor also won the Sports Boulevard Bid Package 5A project.
Having recorded a strong 2021, the company’s current backlog is $1.9bn (SAR7bn). Almabani posted a revenue of $399.9mn (SAR1.5bn) in 2021, and is expecting a revenue of $799.8mn (SAR3bn) in 2022.
