Alghanim International

What Alghanim International does

Alghanim International is a privately held Category 1 engineering, procurement, and construction (EPC) contractor headquartered in Kuwait City and operating across 15 countries in the Middle East, Africa, Europe, and North America. Founded in the 1970s as the flagship company of the Fouad Alghanim & Sons Group of Companies Holding W.L.L., the company delivers mega-projects in power generation, oil and gas infrastructure, civil construction (hospitals, malls, cultural centres, residential towers), desalination, and transportation infrastructure. Its core technology stack centers on full-scope EPC execution — design, engineering, procurement, installation, commissioning, operation and maintenance of power stations, gas turbine and combined cycle plants, pumping stations, oil and gas pipelines, refineries, and desalination plants — supported by a self-owned fleet of 2,500+ equipment units and a workforce of more than 20,000 personnel from 30 countries, including 250+ specialist engineers and 3,000+ MEP technical specialists.

The company generates revenue through four primary streams: one-time EPC contracting (project-based contracts as prime contractor, consortium partner, or subcontractor, with individual project values ranging from USD 4 Million to USD 1.5 Billion); multi-year Operations & Maintenance managed services on 9 power plants totaling 6,000+ MW (representing approximately USD 15 Billion in assets under management, with contract durations typically 5-7 years); real estate development (mixed-use, hospitality, and residential assets in Kuwait and overseas); and equipment rental and logistics services. The order book stands at USD 9.6 Billion.

Go-to-market is enterprise field sales via direct engagement with government ministries, national oil companies, and large real estate developers, secured through government tenders, direct client negotiations, and joint venture partnerships with international firms such as Siemens, GE, Alstom, Hyundai Heavy Industries, Fluor, Petrofac, SAIPEM, and OTV. Customer concentration is high, with Kuwaiti public-sector clients (Ministry of Electricity and Water, Ministry of Health, Kuwait Oil Company, Kuwait National Petroleum Company, Kuwait Petroleum Corporation) and flagship developers (Mabanee) anchoring the majority of revenue, alongside selected GCC and international projects including the Qatar Petroleum District Fit Out, the Abu Dhabi Club for Special Needs, and Egypt's NBK headquarters.

Name

Alghanim International

Legal name

Alghanim International

Website

https://falghanim.com

Company type

Private

Founded year

1970

Operating status

Operating

Headcount range

5,001–10,000 employees

Short description

Alghanim International is a Kuwait-headquartered, privately held Category 1 EPC contractor serving government ministries, national oil companies, and large developers across 15 countries, executing power, oil & gas, civil, and infrastructure mega-projects with a 20,000+ workforce and 2,500+ owned equipment fleet.

Ownership category

akta.pro rank

Product category

Engineering, Procurement and Construction (EPC) Services

NAICS

Other Heavy and Civil Engineering Construction (237990), Architectural, Engineering, and Related Services (5413), Engineering Services (541330)

SIC

Heavy Construction Other Than Bldg Const - Contractors (1600), General Bldg Contractors - Nonresidential Bldgs (1540)

akta.pro primary industry

Power Plant Electrical Systems EPC (Switchyard, Transformers, Protection & Controls) (EUAEAAAM)

Keywords

• EPC contracting services
• Power plant construction
• Oil gas infrastructure
• Civil construction projects
• Operations maintenance services

Headquarters

HQ city

Safat

HQ country

Kuwait

HQ region

Middle East

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Supply Chain, Technology or R&D

Revenue model

1. EPC Contracting: Engineering, Procurement and Construction contracting services for major infrastructure projects including power plants, oil & gas facilities, construction projects, and infrastructure works. Revenue generated through project-based contracts as prime contractor, consortium partner, or subcontractor.
2. Operations & Maintenance (O&M): Operating and maintaining power plants with installed capacity of approximately 6000+ MW. O&M contracts typically run 5-7 years following EPC completion. Assets under management worth approximately USD 15 Billions.
3. Real Estate Development: Acquires, develops and manages large-scale real estate projects in Kuwait and overseas. Acts as developer and main contractor for mixed-use developments.
4. Equipment Rental & Logistics: Own fleet of over 2,500 units of different construction equipment including heavy cranes. Logistic department handles forwarding and shipping from any part of the world.

Go-to-market motion1 record

Distribution channels2 records

Marketing channels3 records

Core offering

Alghanim International is a Category 1 government-classified EPC contracting company providing design, engineering, procurement, installation, commissioning, operation and maintenance of power stations, pumping stations, oil and gas pipelines, refineries, desalination plants, hospitals, commercial buildings and major housing projects. The company executes these services as prime contractor, consortium partner or sub-contractor across 15 countries, with a self-owned fleet of 2,500+ equipment units and over 20,000 personnel from 30 countries.

Product overview

Alghanim International is a category 1 government-classified engineering, procurement, and construction (EPC) contracting company operating as the flagship of Fouad Alghanim & Sons Group. The company provides an integrated portfolio of construction services encompassing civil construction (hospitals, malls, hotels, office towers, cultural centers), power and water EPC/O&M (gas turbines, combined cycle plants, desalination, renewables), oil and gas services (EPC, drilling, pipelines, maintenance), operations and maintenance (6000+ MW portfolio), real estate development, infrastructure projects (roads, bridges, rail), and industrial manufacturing through subsidiaries. With over 20,000 personnel and 2,500+ equipment units across 15 countries, the company serves as EPC contractor, prime contractor, or sub-contractor on major projects throughout the MENA region.

Differentiator

Problem solved

Functional benefit

Quantifiable outcome

• Constructed over 7,960 MW of total installed power capacity in Kuwait
• +4 more outcomes

Named customers10 records

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Twelve partnerships are on record, tiered core and major.

• SiemenscoreStrategic or Co-development PartnerLong-standing consortium partner for power projects including Az-Zour South Gas Turbine Plant (1000 MW) and Az-Zour South CCGT-1 (560 MW). Siemens serves as main contractor with Alghanim as consortium partner.
• AlstomcoreStrategic or Co-development PartnerPartner for Az-Zour Emergency Power Project (900 MW) using Alstom GT 13E2 gas turbines. Alstom recognized project as fastest in history of similar size.
• GE (General Electric)coreStrategic or Co-development PartnerPartnership for Shuwaikh Emergency Power Plant (300 MW) and Sabiya EPP (300 MW) using GE LM6000 Gas Turbine Generator Sets. GE commended project as fastest of its kind ever built.
• Fluor/Daewoo/HHI JVmajorStrategic or Co-development PartnerWorking as subcontractor for KNPC Clean Fuels Project (Mina Abdullah Refinery) and KNPC Az Zour Refinery Project - Level 1 Administration Buildings (USD 205 Million).
• SAIPEMmajorStrategic or Co-development PartnerMechanical construction contractor for KNPC Az Zour Refinery Project Package 1B, responsible for piping, structural steel, and equipment erection.
• CMIcoreStrategic or Co-development PartnerJV partner with Siemens and Alghanim for Az-Zour South Combined Cycle Conversion CCGT-1 (560 MW).
• Elecnor S.A.coreStrategic or Co-development PartnerJV partner for Shagaya Wind Project (10 MW) - the first wind turbine power project in Kuwait. Alghanim- Elecnor JV with USD 24 Million EPC + O&M contract.
• OTVcoreStrategic or Co-development PartnerEPC JV partner with OTV for RO Plant at Az-Zour South (30 MGPD) - USD 175 Million project.
• PetrofacmajorStrategic or Co-development PartnerWorking as construction contractor for KOC Lower Fars Heavy Oil Development Program Phase 1 (LFHO) under Petrofac, USD 280 Million EPC.
• Hyundai Heavy IndustriescoreStrategic or Co-development PartnerSubcontractor role for Sabiya CCGT (2000 MW) - responsible for major civil and electro-mechanical erection scope.
• Fluor KuwaitcoreChannel Partner/ Reseller/ DistributorPart of Fouad Alghanim & Sons Group of Companies, Fluor Kuwait is a major group company in EPC & Contracting sector.
• Advance EnergycoreChannel Partner/ Reseller/ DistributorMajor company in the group operating in EPC & Contracting sector under Fouad Alghanim & Sons Group.

Scale indicators10 records

Recent moves5 records

Expansion highlights6 records

Broad incumbents

• Saipem: Global oil & gas EPC contractor working with Alghanim as mechanical subcontractor on KNPC Az Zour Refinery Package 1B. Comparable project types (pipeline, refinery, drilling) and direct competition on MENA upstream/downstream tenders.
• Saudi Binladin Group: Saudi Arabia's largest construction conglomerate executing mega-projects on Vision 2030 programs. Comparable portfolio across power, civil, oil & gas, and infrastructure in the GCC, with similar government-tender-driven business model and family-owned structure.
• Fluor Corporation: Global Tier-1 EPC firm that partners with (and competes against) Alghanim via Fluor Kuwait on KNPC Clean Fuels and Az Zour Refinery projects. Operates broadly across upstream, downstream, power, and infrastructure globally, including a Kuwait-based operating company.
• Tecnicas Reunidas: Spanish-headquartered EPC contractor with strong presence in MENA refining, power, and gas processing. Competes directly with Alghanim for refinery EPC and power plant tenders across GCC and broader Middle East markets.
• Hyundai Engineering & Construction: Korean EPC contractor using Alghanim as subcontractor on Sabiya CCGT 2,000 MW project. Comparable mega-project capabilities in power and oil & gas across MENA and direct competition for KNPC, KOC, and MEW mega-tenders.

Regional players

• Al Habtoor Group: UAE-based diversified conglomerate with construction, real estate, and hospitality operations. Comparable family-controlled structure and overlap on real estate development and large commercial building projects across the Gulf.
• Arabtec Construction: UAE-headquartered general contractor with civil, MEP, and infrastructure focus across MENA. Comparable project types (commercial buildings, mega-developments, infrastructure) and direct regional overlap, although smaller-scale relative to Alghanim's mega-project track record.

Direct peers

• Petrofac: International oil & gas EPC contractor using Alghanim as construction subcontractor on KOC Lower Fars Heavy Oil Development. Directly comparable business model focused on upstream EPC and operations services across MENA and similar customer set (NOCs).
• Consolidated Contractors Company (CCC): MENA-headquartered mega EPC contractor with similar portfolio across oil & gas, civil, power, and infrastructure. Comparable scale (multi-billion dollar backlog) and direct competition on GCC mega-tenders including refinery, pipeline, and power plant projects.
• Kharafi National: Kuwait-based EPC contractor and facilities management company with similar multi-decade presence in Kuwait's power, oil & gas, and infrastructure sectors. Directly competes with Alghanim on MEW, KOC, and KNPC tenders and operates comparable in-house capabilities across civil, MEP, and O&M.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Subsidiaries8 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Alghanim International