EFS Logistics named PSA for EgyptAir Cargo’s Saudi operations

EFS GSA recently hosted an event to officially announce their partnership with EgyptAir Cargo, at Le Méridien Jeddah.
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Updated 19 March 2023
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EFS Logistics named PSA for EgyptAir Cargo’s Saudi operations

EFS Logistics has been chosen as the preferred sales agent for EgyptAir Cargo in Saudi Arabia, based on their reputation and expertise in the air cargo logistics industry.
EFS GSA, a subsidiary of EFS Logistics, recently hosted an event to officially announce their partnership with EgyptAir Cargo, at Le Méridien Jeddah. The event formally started with a welcome speech by Sultan Al-Quraishi, HR and public relations manager of EFS Co. Ltd. Captain Gaser Hussein, chairman of EgyptAir Cargo, officially announced EFS GSA as the PSA for Egypt Air Cargo, followed by a speech by Hesham Elliwa, vice president of EgyptAir Cargo.
Managing Director Najeeb Kalappadan introduced the various services of EFS Co. Ltd., which has been in the logistics industry for more than 26 years. “We at EFS Logistics are thrilled to announce that we have been selected as the PSA for EgyptAir Cargo for the Kingdom of Saudi Arabia. This appointment is a testament to our strong reputation and exceptional expertise in the air cargo logistics industry,” he said.
“We are excited to embark on this new venture and look forward to serving the customers of EgyptAir Cargo with the same dedication and commitment that has made us a leader in the logistics industry,” he added.
Nadir Kalappadan, executive director of EFS Co. Ltd., said: “With our ability to provide outstanding customer service, we are well-equipped to offer comprehensive air cargo solutions that ensure the seamless and efficient transportation of goods for our client.”
Elliwa and Nadir Kalappadan then signed the bond between EFS GSA and EgyptAir Cargo.
Egypt Air operates in more than 70 international destinations, including major cities of the US, Canada, Europe, Africa, the GCC, and the Far East. From Saudi Arabia, EgyptAir currently operates more than four flights daily from Riyadh, Jeddah, Dammam and Madinah. The airline’s cargo hub is located at Cairo International Airport, in addition to several regional hubs.
The new partnership between EFS GSA and EgyptAir Cargo will allow both companies to leverage their strengths and work together to provide customers with the best possible service.
Delegates from the Egyptian Consulate, Saudi Arabian Logistics, Saudi Customs and General Authority of Civil Aviation also attended the event. Fahad Al-Bishri, clearance department manager of EFS Co. Ltd., extended his wishes and support to the entire team.

 


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.