Gulf Consolidated Contractors

Gulf Consolidated Contractors Co. (GCC) is a construction company with main activities in industrial plants and pipelines construction. The company was founded in 2006 following the merger of the construction arms of Fafco-Petcon, Al-Tamimi Group, Abdullah H. Al-Shuwayer Trading and Al-Jabr Trading. Since inception, GCC has experienced significant growth in turnover, buoyed by the development of the industrial construction sector in KSA and the financial, technical, and networking support of its reputable shareholding companies. GCC has served the industry's key clients namely Saudi Aramco, SABIC, SEC and Maaden and has undertaken mandates on behalf of major international EPC contractors. Today, GCC has more than SAR 2 billion worth of projects in hand and its flagship mandate includes a major EPC package for the SATORP (Saudi Aramco/Total) Jubail project. The construction market in KSA has experienced significant growth in recent years, fueled by large government spending, growing population, financial inflows, and rising oil prices. The market is expected to continue growing at a rate of 21% over the next five years driven by a flood of projects estimated at SAR 2.5 trillion across all construction fields. Against this background and in the medium term, GCC plans to evolve into a fully integrated EPC contractor by internally developing its engineering and procurement capabilities. As an interim solution, GCC is seeking to strategically partner with a reputable international engineering company. Local companies occupy leading positions in the civil and infrastructure sectors of the Kingdom while international players dominate the oil & gas and petrochemical EPC sectors due to their underlying technical complexity. In terms of profitability, the oil & gas and petrochemical sectors are seen as the most profitable followed by the utilities sector and are targeted by GCC.