1. Bakr Bin Laden, Saudi Binladin Group (Power 100 ranking: 16)
Saudi Binladin Group (SBG) remains a force to be reckoned with in the kingdom, despite reports that a major restructuring process is under way at the beleaguered building contractor.
SBG's chairman, Bakr Bin Laden, has kept the ship steady during a period of profound difficulty and helped the ailing heavyweight secure much-needed work on new projects.
With historic projects spanning aviation, healthcare, and education segments under its belt, SBG has continued to win new contracts in the kingdom. Among the new work was a contract to build a palace within the $500bn (SAR1.9trn) Neom megaproject, which many market followers have touted as the most ambitious construction project in the world today.
Its completed projects include the expansion of the Holy Mosque of Makkah, the King Abdullah Economic City, and the Al-Faisaliah Tower.
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