Saudi Binladin Group
|Type||Private conglomerate and holding company|
|Founder(s)||Sheikh Mohammed bin Laden|
|Headquarters||Jeddah, Saudi Arabia|
|Key people||Bakr bin Laden, Chairman|
The 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. Considered the largest construction firm in the world, Saudi Binladin Group recently signed a US$1.23 billion contract to construct the tallest building in the world, Kingdom Tower in Jeddah.
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. Mohammed, who overall had 22 wives (including ex-wives) and 53 children, is also the father of Osama Bin Laden.
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. Today, SBG has over 100,000 employees and is worth tens of billions if not hundreds; the annual revenue of the group exceeds $30 billion
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 by Abdul Aziz bin Laden, 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.
Saudi Arabia Projects
- Royal Terminal, Jeddah
- King Abdulaziz International Airport, New Haj Terminal, Jeddah
- Al Faisaliyah Center
- Madina-Qassim Expressway
- Um Alqura University, Makkah
- Lotus Compounds, Jeddah
- Alameera Noura University
- Abraj Al Bait Towers, Makkah
- Kingdom Tower, Jeddah
- King Abdullah Economic City
- Jamaraat Bridge
- Saudi Arabia National Guard Housing Project
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.
- Blaise Diagne International Airport, Senegal
- Kuala Lumpur International Airport, Malaysia
- Sharjah International Airport Expansion & Development, UAE
- University of Sharjah, UAE
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. SBG currently uses sbg.com.sa, which was registered on January 11, 2000.
- "One Nation, Indivisible". Time. 24 September 2001.
- "About the bin Laden Family". PBS. Retrieved 2 August 2011.
- "Saudi to build 26-billion-dollar new city". Breitbart. 20 November 2005. Retrieved 2 August 2011.
- "Bin Laden Group to build world's tallest tower". CNN. 2 August 2011. Retrieved 2 August 2011.
- Howard Altman. "Osama Family's Suspicious Site". Wired News. Retrieved 2 August 2011.
- "sBg.com.sa - Saudi Binladen Group SBG". DomainTools.com. Retrieved 2 August 2011.