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Key people at Nesma Holding Co..
Nesma Holding Co. is a privately owned Saudi Arabian holding company with a robust business portfolio spanning multiple diverse sectors. The company primarily engages in construction, power and electrical, oil and gas, real estate and property management, hospitality, and specialized services such as port, marine, shipping, aviation, logistics, telecommunication, and IT. It leverages its expertise to develop successful enterprises and deliver ambitious projects within these critical industries, demonstrating significant operational breadth.
The company was established in 1979 by His Excellency Saleh Ali Al-Turki, who envisioned a diversified entity contributing to the Kingdom's economic landscape. Nesma's foundational insight centered on advancing Saudi Arabia's economic growth, fostering diversification, and embedding responsible business practices across its operations. This strategic approach has driven its consistent expansion and evolution over more than four decades, establishing it as a prominent regional player.
Nesma serves a broad base of clients across various industries, impacting economic growth and community development within Saudi Arabia, and extending its presence to the UAE, Egypt, and Turkey. Guided by Saudi Vision 2030, the company's long-term vision is to identify and penetrate new high-potential sectors, forge meaningful partnerships, and uphold its core values of excellence, innovation, and positive impact. It aims to remain a premier partner and employer of choice, continually contributing to national progress.
Nesma Holding Co. is a privately owned Saudi Arabian conglomerate headquartered in Jeddah, established in 1979, with a diverse portfolio spanning over 11 market sectors and more than 30 subsidiary companies, employing around 35,000 people.[1][2][5] It operates primarily in Saudi Arabia with presence in the UAE, Egypt, and international joint ventures, focusing on infrastructure, renewable energy, logistics, water projects, transportation, and construction, underpinned by a reputation for financial stability, quality, and prudent management.[1][2][3][5] As a key player in Saudi Arabia's diversifying economy, Nesma drives large-scale public-private partnership (PPP) projects like the Dumat Al Jandal wind farm (400 MW, Middle East's largest), Jubail 3B desalination plant (570,000 m³/day capacity), and Makkah bus operations, while recent milestones include financial closes on water pipelines and wind projects in 2025.[2][4][5]
Nesma Holding was founded in 1979 by His Excellency Saleh Al-Turki, whose vision and leadership propelled its growth over 40+ years into a robust conglomerate.[1][5] Starting amid Saudi Arabia's emerging economy, it expanded through strategic joint ventures, acquisitions, and subsidiary development, establishing international footholds in Egypt, Turkey, Europe, Africa, and Asia.[1][3] A related entity, Nesma & Partners (initially a 1981 contracting firm), evolved via milestones like the 1997 Nesma-AGAP oil & gas partnership, 2004 merger, surpassing SAR 1 billion in revenues by 2010, and the 2025 acquisition of Al Yusr Industrial Contracting Company (AYTB), now boasting 65,000 employees and 230+ completed projects in energy, infrastructure, and buildings.[6][7]
Nesma rides Saudi Arabia's Vision 2030 wave, capitalizing on economic diversification from oil through PPP-driven megaprojects in renewables, water security, logistics, and smart infrastructure like driverless metros and wind farms.[2][4][5] Timing aligns with massive government investments (e.g., SAR 2.6B desalination, SAR 1.7B wind plants), where Nesma's local expertise and global partnerships mitigate execution risks in a market favoring private sector involvement.[1][2] It influences the ecosystem by pioneering Middle East-scale renewables, enabling water/energy independence, and supporting urban mobility/logistics amid population growth and Red Sea trade, while fostering tech integration via in-house IT systems and engineering subsidiaries.[2][6]
Nesma is poised for accelerated growth through escalating PPP tenders (e.g., sports cities, water transmission like Ras Mohaisen–Baha–Makkah) and renewables expansion, building on 2025 wins like NIT's SAR 150M grid contract and AYTB acquisition.[4][5][7] Trends like net-zero targets, giga-projects (NEOM, Red Sea), and regional trade will shape its path, potentially scaling employee base and revenues further via more international consortia. Its influence may evolve from contractor to ecosystem shaper, powering Saudi's sustainable infrastructure legacy amid global energy transitions—cementing its role as a Jeddah-born powerhouse in a diversifying Kingdom.[1][5][7]
Key people at Nesma Holding Co..
