Top Construction Firms Driving Growth in Saudi Arabia

Following an in-depth review on Saudi Arabia’s construction market, Construction Week, a premier information provider for the Middle East has revealed the Top 50 KSA Construction Firms shaping Saudi Arabia’s construction future supported by Vision 2030.

On the top three ranked AlKifah Contracting, a subsidiary of AlKifah Holding and a prominent contractor renowned for undertaking large, complex projects across diverse market segments.

The selection was made based on multiple criteria, such as the organization’s contribution towards the kingdom’s growth over the past 12 months and how it’s fulfilling the vision 2030 agenda. Moreover, the criteria also addresses how the company is winning projects and how it has responded and adapted to the unprecedented circumstances following the COVID-19 pandemic.

All these factors have positioned AlKifah among the top three players, to further achieve its commitment to build smarter, cleaner and sustainable projects under the kingdom’s unique vision.

Notable among AlKifah’s achievements was the recent award of an engineering, procurement and construction (EPC) contract by The Red Sea Development Company (TRSDC) for 40 apartment buildings at The Red Sea Project’s Coastal Village, following a competitive tendering process.

The 40 apartment buildings will consist of 40 blocks of single and double occupancy units at the Coastal Village, which will eventually become home to the 14,000 employees set to operate the destination. AlKifah will use precast concrete panels, prepared at a new dedicated precast manufacturing facility developed by AlKifah Precast in the project area.

Indeed, the role that AlKifah Contracting plays in the kingdom’s progress is reflected in the completion of many projects such as Jazan Economic City Port, KFUPM Business Park in Dhahran, and 12 buildings for Saudi Aramco’s Ajyal project.

With over 50 years of sustainable construction efforts across the Kingdom, AlKifah takes pride in completing all of its projects safely at the highest quality standards, on time, within budget, and in synergy with its sister companies to provide seamlessly integrated and cost efficient solutions. This comes in line with AlKifah Contracting’s vision to be a leading company in the construction field, fostering innovation, embracing synergies, and making a difference for its employees, clients and the community where it operates.

Source: Construction Week

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