Arabian Bemco Contracting

What Arabian Bemco Contracting does

Arabian Bemco Contracting Co. Ltd. (BEMCO) is a privately held Saudi Arabian EPC turnkey contractor headquartered in Jeddah, executing mega-scale power generation, industrial, oil & gas, and infrastructure projects across the Kingdom and broader GCC. Founded in 1964, the company reports 18,000+ direct employees and an installed base of more than 24,000 MW of power generation capacity, 10,000+ MVA of substations, 400,000+ tons of district cooling, and 400,000+ m³/day of water treatment — anchored by landmark contracts such as Riyadh PP9 (5,980 MW), Riyadh PP10 (3,000 MW simple cycle, 4,600 MW combined cycle), Qurayyah (4,600 MW combined cycle), and PP-12 (2,175 MW combined cycle).

The core offering bundles engineering, procurement, construction, fabrication, erection, commissioning, and operation & maintenance under lump-sum turnkey (LSTK) contracts, with selective vertical integration into HRSG manufacturing via the 50/50 Alstom Arabia Power Factory JV at King Abdullah Economic City. Distribution relies on direct enterprise sales and competitive LSTK tenders with anchor clients Saudi Electricity Company (SEC) and Saudi Aramco, supplemented by consortia with GE, Siemens, Doosan, and GS E&C, and a network of wholly owned affiliates covering steel fabrication, erection, maintenance, district cooling (TESTIAC), electro-mechanical works, and equity development (UIDC, USD 1 billion committed).

Revenue is recognized primarily on multi-year fixed-price construction milestones, complemented by affiliate services, JV equity returns from IWPP/IPP participation, and contract financing facilities. Pricing is set on a per-kW or per-project basis through competitive bidding (e.g., PP12 bid at 2,371.83/KW; PP10 at USD 3 billion; Qurayyah CC at USD 1.84 billion; PP-12 at SR 4.7 billion). The 2012 capital increase to SAR 500 million and the 2013 Alstom JV signal a strategic shift toward industrial ownership of supply chain components and developer-style returns, though no annual revenue figure is publicly disclosed.

Name

Arabian Bemco Contracting

Legal name

Arabian Bemco Contracting Co. Ltd.

Website

https://bemco-ipp.com

Company type

Private

Founded year

1964

Operating status

Operating

Headcount range

5,001–10,000 employees

Short description

Arabian Bemco Contracting (BEMCO) is a Jeddah-based Saudi EPC turnkey contractor executing power generation, industrial, oil & gas, and infrastructure mega-projects for SEC, Saudi Aramco, and GCC utilities, with 18,000+ employees and 24,000+ MW installed capacity.

Ownership category

akta.pro rank

Product category

Power Plant and Industrial EPC Construction Services

NAICS

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

SIC

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

akta.pro primary industry

Balance-of-Plant (BOP) & Civil Works for Power Plants (EUAEAAAL)

akta.pro secondary industry

Construction Management & General Contracting (EPCM, Scheduling, QA/QC, HSE) (EUAMAFAJ)

Keywords

• Power plant EPC
• Industrial construction services
• Oil and gas contracting
• Electromechanical infrastructure
• Turnkey engineering procurement

Headquarters

HQ city

Jiddah

HQ country

Saudi Arabia

HQ region

Middle East

Offices6 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Supply Chain, Operations, Infrastructure, Others

Revenue model

1. Lump-Sum Turnkey (LSTK) EPC Contracts: Primary revenue stream. BEMCO executes large multi-year lump-sum turnkey engineering, procurement, construction, installation, testing and commissioning contracts for power plants, industrial facilities, water treatment plants, substations, district cooling plants, airports and civil projects. Example contract values: PP10 ($3 billion), Qurayyah CC ($1.84 billion), PP12 (SR 4.7 billion), Al-Qassim Ext#3 (SR 1.43 billion), PP9 Ext Block-F ($653 million), Marib Power Plant ($159 million). Contracts are awarded via competitive bidding with milestones tied to project execution phases.
2. JV Equity Participation in Power/Desalination Projects: Through affiliate United Infrastructure Developers Company (UIDC), BEMCO participates as an equity investor/developer in large Independent Water and Power Projects (IWPPs) and IPPs such as Ras Az Zawr IWPP, Shuweihat S2 IWPP, Rabigh IPP, and Jizan IWPP, generating returns on invested capital in addition to construction revenue.
3. Affiliated Services (Maintenance, Operations, Steel Fabrication, Manufacturing): Revenue from affiliated companies providing specialized services: BEMCO Services (testing, commissioning, maintenance, O&M); BEMCO Steel Industries (BSI) (steel fabrication for power, oil & gas, industrial); BEMCO International (project management services); Truba Arabia (mechanical erection); GEDAC (LV/MV electrical distribution equipment and control panels).
4. Project / Contract Financing Facilitation: BEMCO secures multi-billion riyal project financing facilities from local and international banks (BSF, NCB, SAMBA, ANB, Riyad Bank, Saudi Hollandi Bank, Banque Saudi Fransi, Calyon, Doha Bank, Al-Mashreq) to fund construction, leveraging its contract backlog to provide finance-related revenue and banking relationships.

Pricing tiers

Go-to-market motion2 records

Distribution channels5 records

Marketing channels6 records

Core offering

Arabian Bemco Contracting Co. Ltd. (BEMCO) is a Saudi EPC turnkey contractor that engineers, procures, constructs, fabricates, erects, commissions, and maintains power plants (simple cycle, combined cycle, cogeneration, HRSGs), oil and gas facilities, petrochemical and industrial plants, district cooling and water treatment plants, substations, and large civil/electro-mechanical infrastructure projects for utility, government, and industrial clients across the Middle East. The company delivers projects on fast-track schedules via lump-sum turnkey contracts, drawing on in-house engineering, fabrication, construction equipment fleet, and a network of affiliated profit-centre companies.

Product overview

Arabian Bemco Contracting Co. Ltd. (BEMCO) operates a unified EPC (Engineering, Procurement, and Construction) turnkey service platform rather than a packaged software product. Its core offering — Power & Industrial EPC Turnkey Contracting — anchors four business units: Power, Substation and High Voltage Electrical Works; Industrial and Oil & Gas Projects; Civil Projects; and Electro/Mechanical Projects. This core capability is extended through a network of strategic affiliated sub-brands acting as profit centers, including BEMCO International, BEMCO Steel Industries (BSI), BEMCO Services, Truba Arabia, GEDAC, INMA Utilities Contracting Co, Apina Arabia, Impregilo Arabia, United Infrastructure Developers Company (UIDC), and Bemco Heavy Industries, plus the Alstom Arabia Power Factory Ltd joint venture for HRSG manufacturing. Together these entities cover the full project lifecycle from financing and development (UIDC) through engineering, fabrication, construction, commissioning, operation, and maintenance across power, oil & gas, civil, and electro-mechanical project domains.

Differentiator

Problem solved

Functional benefit

Brands

• BEMCO International: Specialized in Projects Management Services with locations in Lebanon, USA, and Egypt; supports BEMCO regional projects with proposals, engineering, procurement, and project management.
• BEMCO Steel Industries (BSI)
• BEMCO Services
• Truba Arabia
• GEDAC
• Apina Arabia
• Impregilo Arabia
• Bemco Heavy Industries
• United Infrastructure Developers Company (UIDC)
• Alstom Arabia Power Factory Ltd

Products and services

• Power, Substation and High Voltage Electrical Work Projects EPC delivery of power projects including high voltage substations and electrical works up to 380KV for utilities and industrial clients in KSA and the GCC; covers transformer and switchgear, capacitor banks and shunt reactors, power cables, OHL, and protection relays.
• Industrial and Oil & Gas Projects EPC services for oil & gas and industrial clients including bulk plant construction and expansion, gas plant upgrades, wastewater treatment facilities, closed relief systems, and flare gas recovery systems.
• Electro / Mechanical Projects Design, supply, installation, testing and commissioning of mechanical, electrical and low-current systems on a design-and-build basis for airports, mosques, hotels, conference centers, high-rise towers, and other complex facilities.
• Civil Projects Civil works for turnkey projects in power and industrial sectors including large power plants, oil and gas facilities, refrigeration, water projects, housing and commercial buildings (e.g., PP9, Shoaiba Power Plant, Marib Power Plant, Four Seasons Hotel Amman, Conference Center Palace Riyadh).
• Power Plant EPC Turnkey Contracting Core EPC turnkey contracting service for power plants — simple cycle, combined cycle, and cogeneration — including gas turbine installation, HRSGs, steam turbines, substations, and balance-of-plant, with over 24,000 MW of installed generation capacity delivered across the Middle East.

Quantifiable outcome

• Over 24,000 MW of installed power generation capacity delivered across the Middle East
• +8 more outcomes

Named customers10 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

17 partnerships are on record, tiered core, flagship and minor.

• INMA Utilities Contracting Co.coreStrategic or Co-development Partner · 27 March 2014Partnership between Arabian Bemco and Advance Vision. INMA was awarded the contract for Electro-Mechanical works of the new Kingdom Tower project in Jeddah ($2 billion, 1,000-meter tall, 200 floors). INMA also handles Jeddah Airport and Center Utility Complex for the Holy Mosque in Makkah.
• Alstom (France)flagshipStrategic or Co-development Partner · 2 December 2013Signed agreement to create Alstom Arabia Power Factory Ltd, a 50/50 joint venture establishing a world-class manufacturing facility in King Abdullah Economic City (North of Jeddah) for power generation components, primarily Heat Recovery Steam Generators (HRSGs). Initial investment over SR 200 million. The JV will be the exclusive licensee of Alstom HRSG technology in Saudi Arabia and will cover Saudi, Iraq, Bahrain, Kuwait, Qatar, Oman, UAE, Yemen, Jordan, Syria, Lebanon and Egypt. Both companies have previously worked together on the Riyadh PP12 steam-tail project.
• GS Engineering & Construction (South Korea)coreStrategic or Co-development Partner · 16 May 2012Signed SR 4.7 billion contract with Saudi Electricity Company for Construction of Riyadh Combined Cycle Power Plant No. 12 (PP-12) at 100 KM West of Riyadh City. Once completed, PP-12 will produce a net output of 2,175 MW with a new 380 kV Substation. Contract signed by Mr. Jung-Jae Huh, Sr. Executive VP of GS Engineering & Construction alongside Arabian Bemco CEO Henry Sarkissian.
• Doosan Heavy Industries & Construction Co. Ltd. (South Korea)coreStrategic or Co-development Partner · 20 October 2009Consortium of Arabian Bemco Contracting Co. Ltd. and Doosan Heavy Industries & Construction Co. Ltd. signed the US$1.835 billion contract for the conversion of Qurayyah Open Cycle Gas Turbines to Combined Cycle Power Plant with SEC. The consortium also jointly executed the launch of Qurayyah Open Cycle and Combined Cycle Power Plant Projects (3,920 MW) on a Lump-sum Turnkey basis connected to SEC's grid for the Eastern Province.
• United Infrastructure Developers Company (UIDC)flagshipStrategic or Co-development Partner · 10 February 2008BEMCO launched UIDC with Gulf Power International as a new development/investment company with $1 billion committed investment to participate in large infrastructure projects primarily in the power and desalination sector in the Middle East. UIDC is participating in Ras Az Zawr IWPP (1,600 MW + 40,000 m3/day), Shuweihat S2 IWPP (1,600 MW + 100 MIGD), and has expressed interest in Rabigh IPP (1,200 MW) and Jizan IWPP. Has offices in Saudi Arabia and Bahrain. CEO: Mr. Hans-Dieter Martin.
• Siemens AG (Germany)flagshipStrategic or Co-development Partner · 11 March 2005Consortium with Siemens AG to deliver Marib Power Plant Phase 1 in Yemen: 341.4 MW single cycle plant at $159 million contract, signed during German Chancellor Schroeder's visit. Siemens supplies three SGT5-2000E gas turbines and I&C systems and overall project management; BEMCO provides other mechanical and electrical equipment and civils/installation. Together they also won H Station Extension in Dubai (AED 801 million / $218 million) for DEWA. Also partnered on Sadaf IPP Jubail subcontract for erection of two Siemens W501D5A turbines (~250 MW).
• General Electric (GE) Energy (USA)flagshipOEM/ Whitelabel/ Licensing PartnerLong-standing strategic relationship spanning GE 7EA, 7FA, and Frame F turbines installed across PP9, PP10, PP12, Qurayyah, Hail, Najran, Al-Qurayyat, Al-Qassim and other projects. BEMCO has installed overall capacity of 20,000 MW, of which 16,000 MW are GE Gas Turbines and Steam Turbines in the Kingdom and the region. Received GE Energy Number 1 EPC Award for 2010 (selected among 350 EPC contractors in Europe and AIM region). GE supplied gas-fired turbines for the $570 million Al-Qurayyah Open-Cycle Power Plant.
• National Central Cooling Company (Tabreed, Dubai)minorStrategic or Co-development PartnerQatar Cool is a joint venture of United Development Company (local Qatari) and Tabreed. BEMCO was awarded the chiller plant package (estimated $28 million, 30,000-tonne capacity) on the Qatar Cool district cooling plant project in West Bay, with Tabreed acting as foreign shareholder and consultant.
• BEMCO ServicescoreStrategic or Co-development PartnerAffiliated company providing Maintenance, Operation, Commissioning and Start-up service group. Approved as testing and commissioning contractor for the Saudi National Grid and EHV projects (transformer, switchgear up to 380KV, capacitor bank, shunt reactor, power cable, OHL, protection relays, scheme check up to 380 KV, ACDB/DCDB, battery/battery charger).
• BEMCO Steel Industries (BSI)coreStrategic or Co-development PartnerAffiliated company combining engineering, procurement and construction capabilities to deliver comprehensive solutions to customers in power, oil & gas, and industrial sectors.
• BEMCO InternationalcoreStrategic or Co-development PartnerAffiliated company specialized in Projects Management Services with locations in Lebanon, USA, and Egypt. Supports BEMCO regional projects with proposals, engineering, procurement, and project management.
• Truba ArabiaminorStrategic or Co-development PartnerAffiliated company specialized in Mechanical Erection works for Oil and Gas and Power Plant Projects and other industries.
• GEDAC (General Electrical Distribution & Assembly Co.)minorStrategic or Co-development PartnerAffiliated company at the forefront in the Middle East since 1978, manufacturing and assembling electrical distribution equipment and control panels in the low and medium voltage range.
• Apina ArabiaminorStrategic or Co-development PartnerAffiliated company specialized in design, construction, and commissioning of Thermal Energy Storage for Turbine Inlet Air Cooling (TESTIAC). Technology can be implemented using both compression and absorption systems to boost power generation output during peak hours.
• Impregilo ArabiaminorStrategic or Co-development PartnerAffiliated company specialized in construction of dams and hydroelectric schemes, roads and motorways, railways and subways, ports and marine works, hydraulic structures and irrigation projects, airports, underground works, civil engineering works for thermal and nuclear power stations, residential and industrial buildings, high-rise towers, and hospitals.
• Bemco Heavy IndustriescoreStrategic or Co-development PartnerAffiliated company expanding engineering and fabrication facilities to manufacture high tech and large equipment to serve Oil & Gas, Power, Water, Environmental and Petrochemical sectors in KSA and the region.
• Gulf Power InternationalcoreStrategic or Co-development PartnerCo-parent company of UIDC (United Infrastructure Developers Company) along with Arabian Bemco, contributing to large infrastructure power and desalination projects in the Middle East.

Scale indicators18 records

Recent moves9 records

Expansion highlights6 records

Direct peers

• Al-Bawani: Saudi EPC contractor with strong footprint in power, civil, and industrial projects. Comparable to BEMCO as a direct competitor on Saudi power and infrastructure tenders, with overlapping customer base including SEC and major Saudi industrial clients.
• El Seif Engineering Contracting: Major Saudi EPC contractor executing large-scale civil, mechanical, electrical, and power projects across KSA. Comparable to BEMCO in scale, turnkey delivery model, and pursuit of mega-projects with Saudi government and utility clients.
• Doosan Heavy Industries & Construction: Korean OEM and EPC contractor for thermal power plants with extensive GCC footprint. Direct peer to BEMCO via consortium partnership on Qurayyah US$1.835 billion combined cycle conversion; comparable in power plant EPC scale, OEM relationships, and MEED GCC EPC rankings.
• Saudi Binladin Group: One of Saudi Arabia's largest EPC and construction conglomerates with deep relationships across Saudi government, utilities, and mega-projects. Comparable to BEMCO in scale, regional execution, and ability to bid on multi-billion dollar infrastructure and power projects in KSA.

Emerging players

• ACWA Power: Saudi-based power generation developer, owner, and operator of IPP/IWPP projects across MENA. Comparable to BEMCO via UIDC partnership; both operate in Saudi power generation and IPP/IWPP investment, though ACWA Power is a pure developer/owner rather than EPC contractor.
• SEPCO III Electric Power Construction: Chinese state-owned EPC contractor specializing in power plant construction with strong MENA footprint. Comparable to BEMCO in pursuit of large-scale power generation EPC contracts across the GCC and broader Middle East.

Broad incumbents

• Orascom Construction: Egypt-based regional EPC contractor with large-scale Middle East project execution including power plants and infrastructure. Comparable to BEMCO in regional power and infrastructure project delivery and public market visibility (listed on Dubai Financial Market).
• Consolidated Contractors Company (CCC): One of the largest Middle East EPC contractors with global reach across oil & gas, power, civil, and industrial projects. Comparable to BEMCO in regional execution capability, project scale, and MEED/ENR rankings, with broader geographic diversification.
• Hyundai Engineering & Construction: Korean EPC contractor with significant Middle East power and infrastructure project portfolio. Comparable to BEMCO in scale of regional EPC execution and consortium-based bidding on mega-projects in KSA and GCC.
• Larsen & Toubro (L&T) Construction: Indian conglomerate with one of the largest global EPC portfolios covering power, oil & gas, infrastructure, and industrial projects. Comparable to BEMCO in scale, multi-domain EPC capability, and Middle East project execution.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks7 records

Key highlights8 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles12 records

Subsidiaries11 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 Arabian Bemco Contracting