Sheikh Hamad Bin Quraya, CEO, Bin Quraya Holding Company
Location: Dahran, Saudi Arabia
Business activity: Engineering, procurement and construction (EPC), equipment rental
One of the largest engineering, procurement and construction (EPC) companies catering to the energy sector in Saudi Arabia, Bin Quraya Construction, a part of Bin Quraya Holding Company, is a go-to partner for building energy production and distribution facilities across the country, primarily for Saudi Aramco. Bin Quraya Construction also operates other divisions for heavy equipment rental and oil field products and services.
With Saudi Arabia emerging as a global hub for investments and the government’s futuristic outlook to construction under the Vision 2030 program, developers in the public and private sectors are inspired to raise the standards of project management. Sheikh Hamad Bin Quraya, CEO, Bin Quraya Holding Company, explains how these new trends are having a positive impact on the demand and procurement of construction equipment.
“Quality and safety are being equally prioritized with productivity on job sites, which is changing the basic requirements for new construction equipment. The surge in infrastructure spending and construction activity in the next few years will increase demand for equipment that offer higher productivity without compromising the safety of operators and job sites or increase operating costs compared to the existing models.
“All these criteria can only be fulfilled by opting for world-class brands such as Komatsu. We have been a Komatsu customer for more than 40 years. Sheikh Awad bin Quraya, my father and the founder of the company, trusted in Komatsu, and we follow in his footsteps. The inclusion of Abdul Latif Jameel Machinery has only improved our trust in the Komatsu brand. What distinguishes Abdul Latif Jameel Machinery from other local suppliers is their vast experience in the heavy equipment sector and their excellent pre-sales and after-sales services. They always think out of the box and offer customized solutions, which makes us want to continue investing in Komatsu equipment.”
Bin Quraya Construction is exploring the possibilities of expanding beyond its current markets of Saudi Arabia, Bahrain and Kuwait to the UAE, Qatar, Oman, Iraq and Egypt. The success of new ventures, according to Hamad, will depend to a large extent on strong supplier relationships.
“We are studying the possibilities for expansion within Saudi Arabia as well as neighboring markets. As we expand our geographical reach and undertake larger and more complex projects, we have the responsibility and need to offer the best equipment to our customers. Because construction equipment is capital intensive, we look for the most reliable equipment and the most credible suppliers in the market. We want to build long-term relationships based on mutual trust, collaboration and transparent communication.
“Komatsu offers the combination of equipment productivity, reliability and safety that can meet our requirements for future projects. We are totally invested in Komatsu’s brand promise of “creating value together”, and we have a keen interest in new technologies that Komatsu plans to bring to market. Considering the growth potential of Saudi Arabia, Komatsu and Abdul Latif Jameel Machinery are well positioned to have a long-term view of the market, and I am confident that we will enjoy a solid partnership well into the future.”
