The Top 50 MENA

Contractors
June 2021

Annual Update
June 2021

Jerilene Creado, Research Manager, MEED Projects

Jerilene.creado@meed.com

Copyright @ MEED Media FZ LLC All rights reserved.

Reproduction of part or all of this contents without permission is prohibited.
 Overview
Total Value of Projects under Execution, by Country (US$ million)
Reflecting the high value of executed contracts in Saudi Arabia and UAE, it is unsurprising that Saudi contractors retain in the top position.

Saudi Arabia 1,54,854

UAE 1,09,855
Egypt 73,537
Qatar 60,857
Iraq 52,051
Algeria 37,885
Kuwait 37,800
Oman 23,999
Bahrain 13,939
Morocco 11,269
Libya 4,958
Lebanon 3,445
Tunisia 2,225
Jordan 2,180
Sudan 520
Syria 175

0 20,000 40,000 60,000 80,000 1,00,000 1,20,000 1,40,000 1,60,000

2
MEED Projects
 Overview
Total Value of Projects under Execution, by Sector (US$ million)
Construction projects account for the largest proportion of the executed contract values.

Construction 2,09,245

Transport 1,18,723

Oil 80,285

Power 67,555

Gas 53,384

Water 33,779

Chemical 14,782

Industrial 11,796

0 50,000 1,00,000 1,50,000 2,00,000

3
MEED Projects
 Contractors operating in MENA with headquarters outside MENA Region
Total Value of Projects in Execution, by Headquarters of Contractors outside of MENA Region (US$ million)
Chinese contractors have in recent years come to dominate the MENA market, overtaking the Koreans, on the back of the Belt & Road Initiative but also to the financing they can bring to
cash-strapped projects. They have also proven to be able to deliver.
China
Korea 45,093 74,953
Spain 23,479
Italy 22,317
Turkey 18,029
France 16,280
Japan 15,956
India 15,617
United States 14,633
Germany 6,179
Belgium 4,477
Greece 3,663
Malaysia 3,439
Canada 2,531
Netherlands 2,173
United Kingdom 1,976
Others 1,968
Switzerland 1,268
Denmark 1,022
Austria 968
Azerbaijan 650
Australia 595
Portugal 562
Finland 553
Cyprus 496
Singapore 472
0 10,000 20,000 30,000 40,000 50,000 60,000 70,000

MEED Projects 4
 Contractors operating in MENA with headquarters outside MENA Region
Value of Projects in Execution, by Headquarters of Contractors outside of MENA Region (%)
China and Korea lead as international contractors with the highest value of projects in execution in the MENA region

5% 2%

5%
25%
5% China
Korea
Others
5%
Spain
Italy

6% Turkey
France
Japan

15% India
8%
United States
Germany
8%

16%

MEED Projects 5
MEED Projects
The largest and the most accurate
projects tracking platform in MENA.

Click here to request a demo of the platform

REQUEST A DEMO

Covering 43,840 projects with a total net value of $14,818,373m, MEED Projects can help you:

• Access contact details of key decision makers

• Track pipeline, planned and ongoing projects
• Win new contracts with exclusive first-hand research
 Contractors operating in MENA with headquarters outside MENA Region
Total Number of Projects in Execution, by Headquarters of Contractors outside of MENA Region
China and India lead as international contractors in terms of highest volume of projects in execution in the MENA region

China 281

Others 181

India 122

Turkey 89

Italy 79

Korea 78

France 55

United States 49

Spain 47

Germany 42

Greece 28

0 50 100 150 200 250 300

MEED Projects 6
 Top Contractors
Top 25 Contractors with Headquarters outside of the MENA Region by Value of Work Awarded (US$ million)
China State, Tecnicas Reunidas and Saipem dominate as international contractors

China State Construction & Engineering Corporation 13,644

Tecnicas Reunidas 12,800
Saipem 10,832
Larsen & Toubro 9,357
Technip 9,304
Samsung Engineering 9,166
Sinohydro 8,745
Hyundai E&C 7,483
JGC Corporation 7,235
Chiyoda Corporation 6,500
Samsung C&T 6,324
McDermott 5,535
Limak Holding 5,434
China Petroleum Engineering & Construction Corporation 5,333
Shapoorji Pallonji 4,354
Daewoo E&C 4,344
SEPCOIII Electric Power Construction Corp 4,258
BESIX 4,099
China Machinery Engineering Corporation 4,059
General Electric 3,842
Hyundai Engineering 3,289
Hanwha Engineering & Construction 3,280
SK E&C 3,255
Siemens 2,981
FCC Construction 2,694

0 2,000 4,000 6,000 8,000 10,000 12,000 14,000

MEED Projects 7
 Contractors in MENA Region
Total Value of Projects in Execution, by Headquarters of Contractors within the MENA Region (US$ million)
Egyptian contractors are catching up with UAE and KSA firms

UAE 81,139

Saudi Arabia 80,925

Egypt 46,513

Qatar 32,243

Kuwait 20,980

Oman 11,627

Algeria 9,065

Iraq 7,677

Others 7,609

Lebanon 6,859

Bahrain 3,977

0 10,000 20,000 30,000 40,000 50,000 60,000 70,000 80,000

MEED Projects 8
 Contractors in MENA Region
Value of Projects in Execution, by Headquarters of Contractors within the MENA Region (%)
UAE, Saudi Arabia and Egypt based contractors are leading as the largest is reflective of the largest value of work awarded and volume of work awarded
Egypt, 46513, 15% Qatar, 32243, 10%

Kuwait, 20980, 7%

Oman, 11627, 4%

Algeria, 9065, 3%

Saudi Arabia, 80925, 26% Iraq, 7677, 3%

Others, 7609, 3%

Lebanon, 6859, 2%
Bahrain, 3977, 1%

UAE, 81139, 26%

MEED Projects 9
MEED Projects
The largest and the most accurate
projects tracking platform in MENA.

Click here to request a demo of the platform

REQUEST A DEMO

Covering 43,840 projects with a total net value of $14,818,373m, MEED Projects can help you:

• Access contact details of key decision makers

• Track pipeline, planned and ongoing projects
• Win new contracts with exclusive first-hand research
 Contractors in MENA Region
Total Number of Projects in Execution, by Headquarters of Contractors within the MENA Region
UAE and Saudi Arabia dominate as the largest MENA based contractors by volume of work

UAE 1,170

Saudi Arabia 843

Egypt 471

Qatar 358

Kuwait 167

Oman 145

Lebanon 80

Iraq 75

Bahrain 71

Morocco 36

Others 84

0 200 400 600 800 1,000 1,200

MEED Projects 10
 Top Contractors
Top 25 Contractors with Headquarters in the MENA Region by Value of Work Awarded (US$ million)
Nesma is leading the way

Nesma & Partners 7,313

ABV Rock Group 6,695
Petrofac 6,692
Orascom Construction 6,625
The Arab Contractors 5,616
UrbaCon Trading & Contracting 5,063
Petrojet 4,802
ALEC 4,619
Trojan General Contracting 4,524
Cosider Groupe 4,439
El Seif Engineering Contracting 4,393
Enppi 3,914
Hassan Allam Construction 3,281
National Petroleum Construction Company 3,034
Al Rashid Trading & Contracting 2,961
Alghanim International General Trading & Contracting 2,938
Galfar Engineering & Contracting 2,615
Saudi Binladin Group 2,450
Concord for Engineering & Contracting 2,316
Saudi Services for Electro Mechanic Works 2,227
Al Bawani 2,153
Mohammed Abdulmohsin Al Kharafi & Sons 2,135
Sayed Hamid Behbehani & Sons 2,118
MAPNA Group 2,030
HBK Contracting Co 1,956

0 1,000 2,000 3,000 4,000 5,000 6,000 7,000

MEED Projects 11
 Top 10 Country Headquarters of Main Contractors
Total Value of Projects in Execution and Completed, by Country of Main Contractor Headquarters (US$ m)
Clear impact of falling oil prices and the pandemic for all top 10 contractors operating in the MENA

45,000

40,000

35,000
China
Egypt
30,000
Italy

25,000 Korea
US$ m

Kuwait
20,000 Qatar
Saudi Arabia
15,000 Spain
Turkey
10,000
UAE

5,000

0
2015 2016 2017 2018 2019 2020 2021

12
 Top 25 Contractors in MENA Region
Geographical split of Projects under Execution (% of total)
Saudi Arabia, Egypt and UAE have the largest projects in execution

China State Construction & Engineering Corporation

Tecnicas Reunidas
Saipem
Larsen & Toubro
Technip
Samsung Engineering
Sinohydro
Hyundai E&C
Nesma & Partners
JGC Corporation
ABV Rock Group
Petrofac
Orascom Construction
Chiyoda Corporation
Samsung C&T
The Arab Contractors
McDermott
Limak Holding
China Petroleum Engineering & Construction Corporation
UrbaCon Trading & Contracting
Petrojet
ALEC
Trojan General Contracting
Cosider Groupe
El Seif Engineering Contracting

0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100%
Saudi Arabia Egypt UAE Qatar Algeria Iraq Kuwait Oman Bahrain Other
13
MEED Projects
MEED Projects
The largest and the most accurate
projects tracking platform in MENA.

Click here to request a demo of the platform

REQUEST A DEMO

Covering 43,840 projects with a total net value of $14,818,373m, MEED Projects can help you:

• Access contact details of key decision makers

• Track pipeline, planned and ongoing projects
• Win new contracts with exclusive first-hand research
 Top 25 Contractors in MENA Region
Sectoral split of Projects under Execution (% of total)
O&G followed by Construction are the highest

China State Construction & Engineering Corporation

Tecnicas Reunidas
Saipem
Larsen & Toubro
Technip
Samsung Engineering
Sinohydro
Hyundai E&C
Nesma & Partners
JGC Corporation
ABV Rock Group
Petrofac
Orascom Construction
Chiyoda Corporation
Samsung C&T
The Arab Contractors
McDermott
Limak Holding
China Petroleum Engineering & Construction Corporation
UrbaCon Trading & Contracting
Petrojet
ALEC
Trojan General Contracting
Cosider Groupe
El Seif Engineering Contracting

0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100%
14
Oil Gas Construction Transport Power Water Chemical Industrial
MEED Projects
 Top 20 Contractors in Saudi Arabia
Top 20 Contractors in KSA by Value of Work under Execution ($m)

MEED Projects 15
 Top 20 Contractors in the UAE
Top 20 Contractors in UAE by value of Work under Execution ($m)

MEED Projects 16
 Top 20 Contractors in Qatar
Top 20 Contractors in Qatar by value of Work under Execution ($m)

MEED Projects 17
MEED Projects
The largest and the most accurate
projects tracking platform in MENA.

Click here to request a demo of the platform

REQUEST A DEMO

Covering 43,840 projects with a total net value of $14,818,373m, MEED Projects can help you:

• Access contact details of key decision makers

• Track pipeline, planned and ongoing projects
• Win new contracts with exclusive first-hand research
 Top 20 Contractors in Oman
Top 20 Contractors in Oman by value of Work under Execution ($m)

MEED Projects 18
 Top 20 Contractors in Kuwait
Top 20 Contractors in Kuwait by value of Work under Execution ($m)

MEED Projects 19
 Top 20 Contractors in Bahrain
Top 20 Contractors in Bahrain by value of Work under Execution ($m)

MEED Projects 20
 Top 20 Contractors in Egypt
Top 20 Contractors in Egypt by value of Work under Execution ($m)

MEED Projects 21
 Top 20 Contractors in Iraq
Top 20 Contractors in Iraq by value of Work under Execution ($m)

MEED Projects 22
MEED Projects
The largest and the most accurate
projects tracking platform in MENA.

Click here to request a demo of the platform

REQUEST A DEMO

Covering 43,840 projects with a total net value of $14,818,373m, MEED Projects can help you:

• Access contact details of key decision makers

• Track pipeline, planned and ongoing projects
• Win new contracts with exclusive first-hand research