Suvarna Garge (Editor)

Saudi Binladin Group

Updated on
Edit
Like
Comment
Share on FacebookTweet on TwitterShare on LinkedInShare on Reddit
Industry
  
Construction

Headquarters
  
Jeddah, Saudi Arabia

Type of business
  
Holding company

Website
  
www.sbg.com.sa

Founded
  
1931


Key people
  
Bakr bin Laden, Chairman

Founder
  
Mohammed bin Awad bin Laden

Subsidiaries
  
Baud Telecom Co., Ltd., SBG Sukuk Ltd.

Saudi binladin group


Saudi Binladin Group (SBG; Arabic: مجموعة بن لادن السعودية‎‎ Maǧmūʿat Bin Lādin al-Saʿūdiyyah) is a multinational construction conglomerate and is headquartered in Jeddah, Saudi Arabia. Saudi Binladin Group recently signed a US$1.23 billion contract to construct the tallest building in the world, Jeddah Tower in Jeddah and US$3.4 billion to construct Doha Metro in Doha.

Contents

Saudi binladin group company 6to 8month salary not pay


Overview

The SBG was founded in 1931 by Sheikh Mohammed bin Laden Sayyid whose relationship with the country's founder, Abdel Aziz al Saud, led to important government contracts such as refurbishing the mosques at Mecca and Medina.

In 1964, Mohammed bin Laden was commissioned to work on the third Holy sanctuary of Islam, recladding the Dome of the Rock in Jerusalem. After the death of Sheikh Mohammed in 1967, the group was headed by Mohammed Bahareth, brother of Mohammed's first wife and uncle of his oldest children. In 1972, Salem bin Laden, the eldest son of Mohammed bin Laden, took over as his father's successor, with the assistance of several brothers. Upon Salem's death in a plane crash in 1988, the leadership of the group passed to one of Salem's brothers, Bakr, the current chairman, along with thirteen other brothers who make up the board of the bin Laden group, the most important of these being Hassan, Yeslam and Yehia. By 2002, the company had 35,000 employees worldwide.

Current activities

The bin Laden group is represented in most Saudi cities — Riyadh, Dammam — and in a number of capital cities in the region (Beirut, Cairo, Amman, Dubai). According to a synopsis by the PBS news program Frontline:

  • in Egypt the SBG is headed to goby Omar bin Laden as Chairman, Khaled bin Laden as CEO, Tarek Helmy as General Manager, and represents that country's largest foreign-owned private equity group, with over 40,000 employees.
  • in Lebanon the SBG, represented by Yehia bin Laden, has been holding negotiations with the local authorities for a $50 million share in the project to rebuild the Beirut Central District within the framework of the Solidere Project and in conjunction with the al Baraka Group and the bin Mahfouz Group.
  • in London the SBG set up a representative firm called Binexport in November 1990.

    • On 20 December 2005, the government of Saudi Arabia awarded a consortium of Saudi and Emirati companies, including the Saudi Binladin Group, a $26.6 billion contract to build King Abdullah Economic City.

    The Group is constructing Abraj Al Bait Towers in Mecca and has been contracted by Kingdom Holding Company to build the Jeddah Tower.

    On 11 September 2015, while doing construction work in the Grand Mosque in Mecca, Saudi Arabia, one of the Group's cranes collapsed due to high winds causing 118 deaths and almost 400 injuries. As a result, the Saudi king suspended bin Laden's family construction firm and banned the firm from taking new projects while having its current projects reviewed. Saudi government remove the ban on binladin group in May 2016 now Saudi bin ladin bid the new projects.

    Saudi Arabia Projects

    1. Royal Terminal, Jeddah
    2. King Abdulaziz International Airport, New Haj Terminal, Jeddah
    3. Al Faisaliyah Center
    4. Madina-Qassim Expressway
    5. Um Alqura University, Makkah
    6. Lotus Compounds, Jeddah
    7. Alameera Noura University
    8. Abraj Al Bait Towers, Makkah
    9. Jeddah Tower, Jeddah
    10. King Abdullah Economic City
    11. Jamaraat Bridge
    12. Saudi Arabia National Guard Housing Project

    Al Jamaraat

    Only special purpose structure of its kind in the world dedicated exclusively to serve millions of pilgrims once a year as part of Haj.

  • 5-Level bridge above ground with total area of 385,000 square meters.
  • 1 Underground level for services with area of 21,000 square meters, and 2-tunnel connections to surrounding area with total length of 3,000 meters.
  • 6 Service buildings with total area of 25,000 square meters.
  • 2 Heliports.
  • 6 Five-ton elevators.
  • 11 Escalators housed in buildings with total area of 70,000 square meters.
  • 2 Bus stations with total area of 37,000 square meters,
  • Site preparation involving two million cubic meters of rock cut and other works.

    • International Projects

    1. Blaise Diagne International Airport, Senegal
    2. Kuala Lumpur International Airport, Malaysia
    3. Sharjah International Airport Expansion & Development, UAE
    4. University of Sharjah, UAE

    Website

    The registration for SBG's Internet domain name, saudi-binladin-group.com, was registered on September 11, 2000, for one year, expiring on the same day as the September 11, 2001 attacks. The domain was later acquired by a domain speculator.

    References

    Saudi Binladin Group Wikipedia
    (Text) CC BY-SA