AlBawani expects revenue to grow to $7.2bn by 2027

AlBawani Holding Company, a diversified Saudi conglomerate, registered a growth of 39 per cent last year, and anticipates its revenue to increase to SR27 billion ($7.20 billion) by 2027, Eng Fakher Alshawaf, Chairman and Group Chief Executive of the company, has said. 

The group, which was established in 1991, currently operates in several sectors including construction, specialised contracting, water and power, facility management, manufacturing, MEP solutions, technology, and investment in public-private partnerships (PPPs). 

As part of its growth plans, Eng Alshawaf said the group has adopted a wise expansion strategy covering energy and mining, in addition to increasing investment in assets which will be offered through state funds, governmental and private projects.  

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Source: AlBawani expects revenue to grow to $7.2bn by 2027 (gulfconstructiononline.com)