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Saudi Binladin Group (SBG; Arabic: مجموعة بن لادن السعودية, romanized: Majmūʿat bin Lādin al-Suʿūdiyya), known as Binladin Group Global Holding Company since 2019, [1] is a multinational construction conglomerate headquartered in Jeddah, Saudi Arabia.
As a result, bin Laden's company eventually amassed assets in excess of US$5 billion. He made his initial fortune from exclusive rights to all mosque and other religious building construction in Saudi Arabia and several other Arab countries. Until 1967, Muhammad bin Ladin held exclusive responsibility for restorations at the Jami Al-Aqsa in ...
Mohammed bin Laden was a native of the Hadhramaut region in eastern Yemen, and, like many other Hadharem, emigrated to Saudi Arabia prior to World War I. He set up a construction company and came to Abdul Aziz ibn Saud's attention through construction projects , later being awarded contracts for major renovations in Mecca .
Abdulaziz commissioned the construction of the al-Hamra Palace in 1943, and awarded the contract to Saudi construction magnate and businessman Mohammed bin Laden. Construction began in 1943 and was completed by 1948. [3] [11] In 1953, Abdulaziz died, and subsequently had his son Saud bin Abdulaziz succeeding him as the new monarch of Saudi Arabia.
The German-based Liebherr Group crawler crane LR 11350 [31] [32] involved in the incident was operated by the Saudi Binladin Group, who are the main organization managing the expansion of the Great Mosque and also responsible for a large amount of major building contracts in Mecca and around Saudi Arabia. A report by Liebherr later stated that ...
Saudi Arabia was the fastest growing G20 nation in the world last year, thanks in no small part to the gains its flagship state-owned oil producer Aramco got from soaring energy prices sparked by ...
Aside from buildings, the firm has also constructed many major infrastructure projects, such as the King Abdulaziz (Jeddah) International Airport expansion and the 775 km (482 mi) six lane Al Qassim Expressway through Saudi Arabia. [41] Saudi Binladin Group is owned by the family of the late al-Qaeda leader Osama bin Laden. [113]
A Hamas-linked financier, once sentenced for 10 years on corruption charges in Sudan, maintains a network of business interests in Europe despite being under US sanctions, leaked documents show.