Saudi Binladin Company Description
Although the name "bin Laden" is tied to terrorist mastermind Osama, members of his family (he has more than 50 siblings) prefer to be known for the business operations of the Saudi Binladin Group. The family reportedly disowned Osama bin Laden in 1994. The construction conglomerate was founded in 1931 by Osama's father, Yemeni immigrant Mohammed bin Laden (or Binladin). By developing close ties to the Saudi royal family, the group expanded to include engineering, manufacturing, and telecommunications. Construction projects include airports, housing complexes, tunnels, and bridges. The group's industrial and power projects unit operates as Arabian BEMCO Contracting Co.
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The Company Description provides a historical perspective of Saudi Binladin's organization from inception to current status.
Produced by Hoover's in-house editorial team, the Company Description tracks ownership transitions, company progress via mergers and acquisitions, major growth milestones, and strategic initiatives, to provide a holistic view of Saudi Binladin's evolution in the marketplace.
