Bemco International

What Bemco International does

Arabian Bemco Contracting Co. Ltd. (Bemco International) is a Saudi Arabia-based EPC turnkey contractor founded in 1968, headquartered in King Abdullah Economic City following relocation from Jeddah. The company designs, engineers, procures, constructs, and commissions large-scale power generation, oil and gas, and industrial facilities for clients across the Middle East, with 24,000+ MW of installed power generation capacity and a workforce of more than 18,000 employees. Bemco's project portfolio includes multi-billion dollar power plants such as PP10 (~$3B), PP12 (~$1.3B), and the Qurayyah Open Cycle project (~$570M), as well as transmission, substations, and industrial facilities.

The company's business model is anchored in long-cycle, fixed-price EPC contracts with state-owned utilities, national oil companies, and industrial conglomerates, including Saudi Electricity Company, Saudi Aramco, Qatar Cool, DEWA, SABIC, Marafiq, and Yemen PEC. Revenue is recognized over multi-year construction periods, supported by dedicated project financing facilities (e.g., a ~$2.2B facility for PP10, SAR 2.14B for Qurayyah, and a SAR 2.33B additional facility). Beyond traditional EPC, Bemco has expanded into power equipment manufacturing through a 50/50 joint venture with Alstom for Heat Recovery Steam Generators, and into project ownership via investments in Independent Water and Power Projects (IWPPs) through United International Development Company (UIDC).

Bemco is positioning for a partial IPO on the Saudi stock exchange, has increased paid-up capital from SAR 200M to SAR 500M, and maintains Bin Laden family representation on its board. The strategy indicates a transition from a pure EPC contractor toward a more vertically integrated power and industrial infrastructure platform, deepening its presence in the Saudi power and water market while leveraging regional relationships for cross-border opportunities.

Name

Bemco International

Legal name

Arabian Bemco Contracting Co. Ltd.

Website

https://arabianbemco.com

Company type

Private

Founded year

1968

Operating status

Operating

Headcount range

5,001–10,000 employees

Short description

Bemco International is a Saudi Arabia-based EPC turnkey contractor founded in 1968 that designs, builds, and commissions power generation, oil and gas, and industrial facilities for state-owned utilities and national oil companies across the Middle East, with 18,000+ employees and 24,000+ MW of installed capacity.

Ownership category

akta.pro rank

Product category

EPC Contracting & Power Plant Construction

NAICS

Heavy and Civil Engineering Construction (237), Other Heavy and Civil Engineering Construction (237990)

SIC

Heavy Construction Other Than Bldg Const - Contractors (1600), Construction - Special Trade Contractors (1700)

akta.pro primary industry

Design-Build / EPC General Contracting (IMAFAAAD)

akta.pro secondary industries

Industrial/Process Plant General Contracting (IMAFAAAH), Balance-of-Plant (BOP) & Civil Works for Power Plants (EUAEAAAL)

Keywords

• EPC turnkey contracting
• Power plant construction
• Combined cycle systems
• Industrial construction
• Engineering procurement construction

Headquarters

HQ city

Beirut

HQ country

Lebanon

HQ region

Middle East

Offices3 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. EPC Turnkey Power Plant Construction: Engineering, Procurement, and Construction contracts for power generation facilities including combined cycle, simple cycle, and steam power plants. Revenue recognized upon project completion with milestone-based payments throughout construction phases.
2. Industrial and Civil Construction: Construction services for water treatment plants, fuel storage facilities, district cooling plants, and industrial buildings. One-time project-based revenue.
3. Fabrication and Manufacturing: Through joint venture Alstom Arabia Power Factory, manufacturing of power generation components including HRSGs for combined cycle applications.

Go-to-market motion2 records

Distribution channels2 records

Marketing channels4 records

Core offering

Arabian Bemco Contracting Co. Ltd. is an EPC turnkey contractor specializing in the engineering, procurement, construction, fabrication, and start-up & commissioning of large-scale power plants (combined cycle, simple cycle, co-generation, steam) and industrial facilities. The company executes mega-projects for government utilities and major industrial clients across Saudi Arabia and the GCC, with capabilities spanning power generation, water treatment, district cooling, fuel storage, and civil/electro-mechanical works.

Product overview

Arabian Bemco Contracting Co. Ltd. is a world-class EPC Turnkey Contractor specializing in Industrial and Power Projects. The company offers integrated services spanning Engineering, Procurement, Construction, Fabrication, and Start-up & Commissioning for power plants (co-generation, combined cycle, and steam) and industrial facilities. Their core product offerings include Power Plant Construction (EPC Turnkey), Industrial Projects, Civil Projects, Electro/Mechanical Projects, Fabrication & Erection, and Start-Up & Commissioning/Operation & Maintenance. The company has executed landmark projects including Riyadh Power Plants No.9 (5,980 MW), No.10 (4,600 MW combined cycle), and Qurayyah (4,600 MW), making it one of the leading EPC contractors in the Middle East with over 24,000 MW of installed power generation capacity.

Differentiator

Problem solved

Functional benefit

Products and services

• Power Plant Construction (EPC Turnkey)
• Industrial Projects
• Civil Projects
• Electro/Mechanical Projects
• Riyadh Power Plant No.9 Combined Cycle
• Riyadh Power Plant No.10 Combined Cycle
• Qurayyah Combined Cycle Project
• Riyadh Power Plant No.12 Combined Cycle
• Fabrication & Erection

Quantifiable outcome

• Built Riyadh PP9 - world's largest crude oil-fired power plant with 5,980 MW across 56 GTG and 4 STG units
• +4 more outcomes

Named customers7 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

Feature3 records

Partnerships

Eleven partnerships are on record, tiered core, major and minor.

• Saudi AramcocoreStrategic or Co-development Partner · 1 February 2016Major client for oil and gas infrastructure projects including Closed Relief System & Flare Gas Recovery System at Abu Safah and Qatif, bulk plant construction, and Juaymah Gas Plant upgrades. Multiple contracts totaling over $100 million.
• AlstomcoreStrategic or Co-development PartnerJoint venture Alstom Arabia Power Factory Ltd (50/50 ownership) establishing HRSG manufacturing facility in King Abdullah Economic City. Initial investment over 200 million Saudi Riyals. Exclusive licensee of Alstom HRSG technology in Saudi Arabia. Factory serves Middle East market including Iraq, Bahrain, Kuwait, Qatar, Oman, UAE, Yemen, Jordan, Syria, Lebanon, and Egypt.
• Doosan Heavy Industries & ConstructioncoreStrategic or Co-development PartnerJoint venture consortium for Qurayyah Power Plant projects. Executed Qurayyah Open Cycle (2,500 MW) and Combined Cycle conversion (1,300 MW extension) as lump-sum turnkey basis. Combined capacity of 3,920 MW connected to SEC grid.
• GS Engineering & ConstructionmajorStrategic or Co-development PartnerPartnership for PP12 Combined Cycle Power Plant construction (2,175 MW). GS E&C as consortium partner for this SEC project.
• GE EnergycoreTechnology or IntegrationPrimary gas turbine and steam turbine supplier for power plant projects. Supplied Frame 7EA, 7FA turbines and related equipment. Long-standing relationship with over 16,000 MW of GE turbines installed. Received GE Energy Number 1 EPC Award for 2010.
• SiemensmajorTechnology or IntegrationEquipment supplier and consortium partner for projects including Marib Power Station (SGT5-2000E gas turbines), Al-Aweer H Station Extension in Dubai, and Saudi Aramco facility projects.
• Saudi Electricity Company (SEC)coreStrategic or Co-development PartnerPrimary client and strategic partner. Executed over 20,000 MW of power projects for SEC including PP9, PP10, PP12, Qurayyah, and numerous extensions. Multiple multi-billion dollar contracts for power plant construction and expansion.
• UIDC (United International Development Company)majorStrategic or Co-development PartnerNewly established development company with $1 billion committed investment. Parent company alongside Gulf Power International. Participating in Ras Az Zawr IWPP (1,600 MW), Shuweihat S2 IWPP in Abu Dhabi, and Rabigh IPP (1,200 MW).
• INMA ContractingmajorChannel Partner/ Reseller/ DistributorAffiliate company awarded electro-mechanical works contract for Kingdom Tower project (world's tallest building at 1,000 meters) in Jeddah. Estimated $2 billion project.
• Bemco ServicesmajorChannel Partner/ Reseller/ DistributorAffiliate company approved as testing and commissioning contractor for Saudi National Grid and EHV projects up to 380KV. Scopes include transformers, switchgear, capacitor banks, power cables, OHL, protection relays, and battery systems.
• Black & VeatchminorImplementation/ SI/ Consulting PartnerProject consultant for Qurayyah Open Cycle Power Plant construction.

Scale indicators7 records

Recent moves9 records

Expansion highlights10 records

Direct peers

• Hyundai Engineering & Construction: Global Korean EPC contractor with significant power plant construction capabilities. Has executed multiple Saudi power and infrastructure projects and competes directly with Arabian Bemco for SEC and Saudi industrial EPC tenders.
• Doosan Enerbility (formerly Doosan Heavy Industries): Korean EPC contractor and power equipment OEM that is both a partner (Qurayyah consortium) and direct competitor for Saudi combined cycle power plant tenders. Competes for the same SEC mega-projects with comparable turnkey capabilities.
• Consolidated Contractors Company (CCC): Middle East-based EPC contractor with extensive power, industrial, and civil capabilities across GCC. Operates across Saudi Arabia, UAE, Qatar, and other GCC markets with similar mega-project delivery model and government client base.
• Saudi Binladin Group: Largest Saudi construction conglomerate with deep EPC capabilities in power, civil, and infrastructure. Direct competitor on Saudi government mega-projects and shares the same Bin Laden family ownership network, competing for SEC and government utility contracts.
• SEPCO3 Electric Power Construction: Chinese state-owned EPC contractor specializing in power plant construction. Increasingly competing for Saudi and GCC power projects under Belt and Road Initiative, directly challenging Arabian Bemco on combined cycle tenders.
• Técnicas Reunidas: Spanish EPC contractor focused on oil & gas, power, and infrastructure across MENA. Direct competitor on Saudi combined cycle and industrial EPC projects with comparable turnkey execution capabilities and SEC/Aramco client overlap.
• Al-Bawani Co. Major Saudi general contractor with diversified EPC capabilities across power, industrial, and civil sectors. Directly competes for SEC and Aramco contracts and shares similar customer concentration in Saudi government-owned utilities.

Broad incumbents

• Elsewedy Electric: Egyptian MENA power and infrastructure conglomerate offering EPC, cables, transformers, and electrical equipment. Broader portfolio than Bemco but competes in regional power infrastructure construction including Saudi and GCC projects.
• Power Construction Corporation of China (POWERCHINA): Chinese state-owned global EPC giant with massive power and infrastructure capabilities. Increasingly active in MENA power tenders and a broad incumbent competing for the same SEC and regional utility mega-projects as Arabian Bemco.

Emerging players

• ACWA Power: Saudi-based power generation developer and IPP investor rather than pure contractor. While Bemco is the EPC contractor on ACWA-developed projects (and UIDC co-invests in ACWA projects), ACWA represents both a partner and emerging alternative developer model that could reduce traditional EPC opportunities.

Market position

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles9 records

Subsidiaries4 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 Bemco International