Ethiopian Airlines named best African carrier in 2018

Ethiopian Airlines CEO Tewolde Gebremariam, right, at the awards ceremony.
Updated 09 December 2018
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Ethiopian Airlines named best African carrier in 2018

Ethiopian Airlines, the largest aviation group in Africa and a Skytrax-certified 4-star global airline, has won the “2018 Best Airlines in Africa Award” for the seventh year in a row. 

The award, presented by the African Airlines Association (AFRAA), was given on Nov. 27 in recognition of its exceptional financial performance at the 50th African Airline Association Annual General Assembly (AFRAA AGA) in Rabat, Morocco. 

Group CEO of Ethiopian Airlines Tewolde Gebremariam said: “We are thrilled to win this prestigious award. In the last seven years we have been coming to AFRAA AGA and receiving this continental high-profile award every single year. We sincerely thank AFRAA and our sister African Airlines for the award. The award underscores the continuous efforts and hard work of Ethiopian employees who are highly committed to the extraordinary success of our airline. The accolade also attests the soundness of our fast, profitable and sustainable growth plan, Vision 2025 and the associated business model.”

He added: “Our sincere gratitude also goes to our customers worldwide for giving us the opportunity to serve them, for traveling on Ethiopian in great numbers, for their continued feedback and support which is a critical success factor in continuously improving our award-winning customer services.”

Gebremariam said Africa is registering rapid economic growth and that the industry, governments and all stakeholders should work together to capitalize on the opportunities arising from the business and investment boom on the continent.

“Most of all, we need to synergize our strengths to realize the vision of creating a single and unified African air transport market,” he added.


Sulaiman Al-Rajhi Endowment projects worth SR8bn launched in Makkah

Updated 19 February 2026
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Sulaiman Al-Rajhi Endowment projects worth SR8bn launched in Makkah

Sulaiman Al-Rajhi Real Estate Company has announced the launch of several real estate projects belonging to the Sulaiman Al-Rajhi Endowment system in Makkah, with a total investment exceeding SR8 billion ($2.1 billion). These projects include commercial, residential, and hospitality developments, as well as strategic land plots, as part of the company’s commitment to supporting the Kingdom’s real estate sector and enhancing the quality of life in the holy city.

The announcement was made during a field tour by a delegation of high-level officials including Saleh Al-Rasheed, CEO of the Royal Commission for Makkah City and Holy Sites; Ihsan Bafakih, chairman of the board of directors of Sulaiman bin Abdulaziz Al-Rajhi Holding Company; Haitham Al-Fayez, chairman of Sulaiman Al-Rajhi Real Estate Company and CEO of Sulaiman Al-Rajhi Holding Company; Moath Al-Mukhudub, managing director and CEO of Sulaiman Al-Rajhi Real Estate Company; and Anas Mansour Abadi, CEO of real estate at Sulaiman Al-Rajhi Holding Company and representative of the Sulaiman Al-Rajhi Endowment, alongside members of the board of directors of both the holding and real estate companies and the executive team.

The tour included the launch of the Tilal Towers project, with an investment value of SR2 billion, featuring more than 2,500 hotel rooms, strengthening the hospitality sector in Makkah.

The delegation also visited the Tilal Village project, valued at SR2.8 billion. It is one of the prominent qualitative projects within the hospitality ecosystem in Makkah.

Furthermore, the visit covered the residential buildings within Tilal Village, comprising 828 units, with an investment of SR800 million. The delegation inspected the specialized hospital, medical complex housing, and the office and commercial plazas.

During the tour, a contract was signed for the Al-Rajhi Center project, valued at SR250 million, as part of a comprehensive rehabilitation plan.

The inspection also included the Al-Ukayshiyyah land, spanning 4 million square meters, and the Al-Ghazzawi project land, valued at SR250 million.

The tour concluded with prayers at the Aisha Al-Rajhi Mosque, the second-largest mosque in Makkah after the Grand Mosque, with a capacity for 50,000 worshippers.

This visit underscores the importance of these investments, which represent a clear direction toward enhancing the management of the endowment’s assets through diversification, redevelopment, and strategic expansion, in line with the development goals of the Makkah city and Saudi Vision 2030.

Sulaiman Al-Rajhi Real Estate, a subsidiary of Sulaiman bin Abdulaziz Al-Rajhi Holding Company, continues to provide innovative solutions to elevate the real estate sector to international standards.