Al Suwaiket Group

What Al Suwaiket Group does

Al Suwaiket Group is a privately held Saudi Arabian conglomerate founded in 1967 in Al-Khobar by Mubarak Al Suwaiket, operating under the legal name Mubarak Abdullah Al Suwaiket & Sons – Trading & Contracting. With 58+ years of continuous operation, the group ranks among the top 20 largest business groups in Saudi Arabia and operates 10+ subsidiary companies spanning construction, oil & gas services, agriculture, healthcare, education, real estate, power and utilities, and life support services. Major operating assets include Al Johara Farms (over 8 million square meters of agricultural land), Dhahran Tower and Eurovillage Compound (real estate), MAS Medical (healthcare), IPS and IBMH (education institutions), and a 10-rig drilling fleet (7 onshore, 3 offshore) operated through a joint venture with the Egyptian Drilling Company.

The group's business model is project-based B2B contracting with revenue generated through large-scale infrastructure, construction, oilfield services, agricultural production, real estate leasing, and facility management contracts. The customer base is anchored in Saudi government ministries and state-owned enterprises, including Saudi Aramco, Ministry of Transport, Ministry of Agriculture, Maaden, Saline Water Conversion Corporation, National Water Company, Saudi Electric Company, Royal Commission for Jubail and Yanbu, and Saudi Arabian Railways. Disclosed contracts include SAR 2+ billion for the North-South Railway, SAR 750 million for water transmission, and SAR 100 million for highway projects, indicating contract-by-contract revenue recognition rather than recurring subscription pricing. The group holds ISO 9001:2015, ISO 14001:2015, and ISO 45001:2018 certifications, which function as procurement prerequisites for Saudi Aramco and government tenders.

Recent strategic posture emphasizes international joint ventures and diversification into new verticals aligned with Vision 2030 megaprojects, including a defense/naval engineering partnership with Spain's GHENOVA (formalized October 2024), an engineering consultancy joint venture with EXP Arabia, a construction materials cooperation agreement with Russia's Vozrozhdenie Group, a digital transformation partnership with Noventiq, and emergency well control capabilities through Wild Well Control. The group has also established an integrated facility management arm (EIFM) in Al-Khobar and committed SAR 40 million to SPARK for localization manufacturing.

Name

Al Suwaiket Group

Legal name

Mubarak Abdullah Al Suwaiket & Sons – Trading & Contracting

Website

https://alsuwaiket.sa

Company type

Private

Founded year

1967

Operating status

Operating

Short description

Al Suwaiket Group is a privately held Saudi Arabian conglomerate (founded 1967, headquartered in Al-Khobar) operating across construction, oil & gas services, agriculture, real estate, healthcare, education, and power, serving Saudi government ministries, Saudi Aramco, and major state-owned enterprises across the Kingdom.

Ownership category

akta.pro rank

Headquarters

HQ city

Al Khobar

HQ country

Saudi Arabia

HQ region

Middle East

Offices5 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Construction & Contracting: Large-scale infrastructure projects including roads, highways, bridges, railways, and civil engineering works. Revenue generated through project-based contracts with government agencies and private developers.
2. Oil & Gas Services: Comprehensive services including drilling operations, pipeline construction, well services, corrosion prevention, and equipment supply for the energy sector. Includes joint ventures for drilling operations with 7 onshore and 3 offshore rigs.
3. Real Estate & Investments: Property development and management including Dhahran Tower, Eurovillage Compound, and Mas Real Estate Group operations. Investment management services for clients.
4. Agriculture: Agricultural production through Al Johara Farms including hydroponic, vertical, and greenhouse farming. Products distributed to markets like Altamimi and Danube.
5. Healthcare & Education: Operation of International Program School (IPS) with 2,500 student capacity, Institute of Business & Management Higher Studies (IBMH), and MAS Medical healthcare services.
6. Life Support Services: Procurement, industrial equipment rental and maintenance, catering, manpower services, transportation, and facilities management.
7. Power & Utilities: Energy production, transmission, distribution, water desalination, and sewage treatment services.

Go-to-market motion3 records

Distribution channels2 records

Marketing channels3 records

Core offering

Al Suwaiket Group is a diversified Saudi Arabian conglomerate that delivers integrated construction, contracting, oil and gas, real estate, agriculture, healthcare, and education services through multiple wholly-owned subsidiaries. The group executes large-scale infrastructure projects including roads, highways, bridges, railways, and water transmission systems for government and energy-sector clients. It also operates drilling rigs, distributes corrosion prevention coatings, runs commercial farms, and manages real estate assets such as Dhahran Tower and Eurovillage Compound.

Product overview

Al Suwaiket Group is a diversified Saudi conglomerate providing integrated infrastructure, industrial, and urban development services rather than a single unified software product. The group operates through eight primary divisions: Construction & Contracting (covering civil engineering, infrastructure, and steel fabrication); Oil, Gas & Pipeline Services (offering drilling, corrosion prevention, well control, pipeline services, and specialized technology partnerships including STOPAQ, Wild Well Control, WWT, DrillScan, Terralog, Asystom, TR&RS, ISS, and SIMS Offshore); Security & Defense; Power & Utilities (energy production and water management); Agriculture (managing 8+ million SQM of farmland through Al Johara Farms subsidiary); Life Support Services (procurement, equipment, catering, manpower, transportation, facilities management); Real Estate & Investments (through Mas Real Estate Group, managing Dhahran Tower and Eurovillage Compound); and Healthcare & Education (through IPS schools, IBMH institute, and MAS Medical subsidiary). The group also operates joint ventures including Al Suwaiket-Egyptian Drilling Company joint venture for drilling operations.

Differentiator

Problem solved

Functional benefit

Brands

• MASOG: Oil and gas services division providing comprehensive services in the oil and gas sector including technical support and expertise
• Al Suwaiket Security
• Al Suwaiket Energy
• Mas Real Estate Group
• AlJOHARA Farms
• MAS Medical

Products and services

• Oil Field Drilling Services Onshore and offshore oil and gas well drilling services operated through a joint venture with the Egyptian Drilling Company, managing seven onshore and three offshore drilling rigs for energy-sector clients in Saudi Arabia.
• Corrosion Prevention Services (STOPAQ) Exclusive master distributor for STOPAQ Visco-Elastic corrosion preventive coatings and sealants in the Middle East, including a manufacturing facility serving the GCC region for water desalination, oil and gas, and petrochemical clients.
• Well Control and Engineering Services Emergency and non-emergency well control responses for onshore and offshore operations, delivered in partnership with Wild Well Control (WWC), covering subsea, engineering, risk management, well intervention, and training services.
• Construction and Contracting Services End-to-end construction and contracting services covering residential, commercial, and industrial developments, including infrastructure works (roads, bridges, sewage, water networks) and steel fabrication for government and private clients.
• Al Johara Farms Agricultural subsidiary managing farmland using hydroponic, vertical, and greenhouse farming techniques to produce food crops distributed through Altamimi and Danube markets.
• Mas Real Estate Group Real estate development and management subsidiary ensuring projects adhere to quality and sustainability standards from design through implementation and management.
• Dhahran Tower Highest residential tower in Saudi Arabia, owned and managed by Al Suwaiket Group as part of its real estate portfolio.
• Eurovillage Compound One of the largest residential communities in Saudi Arabia's Eastern Province, comprising over 560 villas with modern amenities, owned and managed by the group.
• International Programs Schools (IPS) International educational institution serving students from KG to grade 12 with an international curriculum, including faculty from 28 nationalities.
• Institute of Business and Management Higher Studies (IBMH)
• MAS Medical
• EXP Arabia Engineering Consultants
• Ghenova-AlSuwaiket Joint Venture

Quantifiable outcome

• SAR 2+ billion railway project completed over 40 months
• +2 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

Feature6 records

Partnerships

14 partnerships are on record, tiered major, supporting and core.

• Vozrozhdenie GroupmajorStrategic or Co-development Partner · 1 January 2025One of the largest multi-industry companies in North-West Russia. Cooperation agreement for investment in Saudi Arabia focusing on construction, building materials production, and historical landmark restoration. Supports Vision 2030 opportunities in infrastructure and urban development.
• NoventiqmajorStrategic or Co-development Partner · 1 January 2025Global leader in security solutions and digital transformation with over 30 years of expertise. Strategic partnership for delivering advanced technological solutions across Middle East and Africa. Event held at Ritz-Carlton in Manama, Bahrain.
• Wild Well Control (WWC)supportingTechnology or Integration · 1 January 2025Houston-based company with 40+ years in well control. Partnership for emergency and non-emergency responses for onshore and offshore well control situations. Services include Subsea, Engineering, Risk Management, Well Control, and Training.
• GHENOVAcoreStrategic or Co-development Partner · 8 October 2024Multinational engineering firm with over 40 years of expertise. Joint venture established to participate in defense, naval, energy, oil and gas, and digital services projects in the Arab market. Formalized at Ghenova headquarters in Seville with CEO Francisco Cuervas and Khalid AlSuwaiket signing.
• EIFMsupportingStrategic or Co-development Partner · 1 August 2024Leader in facility management services. Partnership resulted in opening of EIFM headquarters in Al-Khobar. Operations commenced August 1, 2024. Focus on innovative and advanced facility management solutions.
• EXPcoreStrategic or Co-development Partner · 1 January 2024Global engineering, architecture, design and consulting firm. Joint venture 'EXP Arabia Engineering Consultants' to design, engineer and build facilities and infrastructure. Target projects include Saudi Aramco, Saline Water Conversion, National Water Company, and Vision 2030 megaprojects. Offices in Riyadh, Jeddah, Dhahran.
• King Salman Energy Park (SPARK)coreStrategic or Co-development Partner · 22 August 2022SAR 40 million investment for manufacturing facility producing corrosion protection tapes using polyisobutylene (PIB) and oil tools equipment. 40,000 square meter plot in SPARK industrial ecosystem. Supports localization of manufacturing and Kingdom's clean energy objectives.
• AsystomsupportingTechnology or Integration · 1 January 2021Introduced to Saudi Arabia in 2021 for continuous monitoring of industrial equipment in oil and gas sector. Helps anticipate failures, reduce maintenance costs, and improve operational safety.
• Wireless Instrumentation Systems (WINS) (Norway)supportingTechnology or Integration · 1 January 2020Norwegian company specializing in wireless telemetry and downhole power generation. WIMO downhole wireless gauge and wireless Coiled Tubing technology represented in Saudi Arabia.
• Fire Security (Norway)supportingTechnology or Integration · 1 January 2018Norwegian company developing fire protection coatings for electrical cables, cable trays, and passive fire protection. Technology used for repairing and protecting cables in industrial facilities and offshore oil rigs.
• STOPAQ BV/Seal for Life IndustriescoreTechnology or Integration · 1 January 2008Exclusive master distributor in Middle East for Visco-Elastic corrosion preventive coatings and sealants. Manufacturing facility in Saudi Arabia's Eastern Province for GCC distribution.
• Terralog Technologies Inc. (TTI)supportingTechnology or Integration · 1 January 2008Exclusive cooperation for deep well waste disposal management using Slurry Fracture Injection (SFI) and Cuttings Re-Injection (CRI) technologies for zero-discharge disposal of NORM.
• WWT (Houston, Texas)supportingTechnology or Integration · 1 January 2002Association for solving challenges in oil and gas well drilling, completion, and intervention. Products include Non-Rotating Drill Pipe Protector and SuperSlider Protector.
• Egyptian Drilling CompanycoreStrategic or Co-development Partner · 1 January 1996Joint venture established in Saudi Arabia for drilling onshore and offshore oil and gas wells. Currently operates 7 onshore drilling rigs and 3 offshore drilling rigs.

Scale indicators9 records

Recent moves9 records

Expansion highlights6 records

Direct peers

• Rawabi Holding: Diversified Saudi group with oil & gas services, industrial, and infrastructure operations. Comparable as a multi-vertical Saudi conglomerate serving Aramco and government clients.
• El Seif Engineering Contracting: Major Saudi general contractor delivering large-scale civil, infrastructure, and building projects for government and enterprise clients. Closely comparable to Al Suwaiket's construction & contracting revenue stream and customer base.
• Nesma & Partners: Saudi EPC and infrastructure contractor with diversified operations across construction, oil & gas, and industrial projects. Comparable to Al Suwaiket on multi-sector project delivery inside Saudi Arabia.
• Saudi Binladin Group: One of Saudi Arabia's largest construction and infrastructure conglomerates executing mega-projects (roads, railways, airports, residential cities). Directly comparable as a private Saudi group bidding on the same Vision 2030 and ministry-level infrastructure contracts.
• Al Bawani Co. Saudi EPC contractor executing infrastructure, buildings, and industrial projects for government and private clients. Comparable in project-based contracting and Saudi government customer base.
• Almabani General Contractors: Saudi heavyweight in heavy civil, infrastructure, and oil & gas construction with deep Aramco exposure. Comparable across both construction and oilfield services segments of Al Suwaiket's portfolio.
• Al Ayuni Investment & Contracting: Saudi contractor focused on roads, bridges, water, and energy infrastructure, with significant government and utility clients. Comparable to Al Suwaiket's highway, water transmission, and railway project portfolio.
• Mohammed Al Ojaimi Group: Diversified Saudi family-owned group active in oil & gas services, equipment supply, and trading. Comparable to Al Suwaiket on conglomerate structure, oil & gas services, and family-owned governance.

Regional players

• Al Rajhi Construction: Large Saudi contractor executing infrastructure, building, and industrial projects. Comparable in scope and customer base; peer relevance is strong but more focused on construction-only delivery than Al Suwaiket's diversified services.

Broad incumbents

• Fluor Corporation: Global EPC incumbent with significant Saudi Arabia and Middle East presence across oil & gas, infrastructure, and industrial projects. Comparable at a portfolio level as a much larger, broader competitor that Al Suwaiket competes against for the same mega-project contracts.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/alsuwaiket

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Subsidiaries10 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 Al Suwaiket Group