How Did Hariri Make His Money? The Rise Of A Business Empire

Hariri started his career in the construction business with a small subcontracting firm called Ciconest in 1969. While Ciconest was a valiant effort, it ultimately didn’t succeed. However, Hariri didn’t let this setback deter him. He partnered with the French construction firm Oger to build a hotel in Ta’if, Saudi Arabia. This project proved to be a turning point in his career. The hotel was completed on time and to a high standard, which impressed King Khaled. This success helped solidify Hariri’s reputation in the construction industry.

King Khaled was deeply impressed by Hariri’s work ethic and commitment to quality. This led to Hariri receiving more projects in Saudi Arabia, and he quickly became a favored contractor for the Saudi royal family. As Hariri’s business grew, he expanded his operations into other countries in the Middle East. He also began to diversify his portfolio, taking on projects in areas like infrastructure, telecommunications, and real estate. This expansion strategy was a key factor in Hariri’s financial success. He also became known for his ability to navigate complex political and economic environments in the region. This combination of business acumen and political savvy allowed him to build a vast fortune over the course of his career.