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 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 December 20, 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 Kingdom Tower.
Read more about this topic: Saudi Binladin Group
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“We all participate in weaving the social fabric; we should therefore all participate in patching the fabric when it develops holes—mismatches between old expectations and current realities.”
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