EDECS awarded Jeddah South Container Terminal contract

EDECS will develop the third stage of the Jeddah South Container Terminal, thus supporting the Kingdom’s maritime logistics and transportation strategy.
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Updated 17 December 2023
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EDECS awarded Jeddah South Container Terminal contract

Egypt-headquartered engineering and construction company EDECS has been awarded a major infrastructure and road works contract from DP World Jeddah, for the development of the third stage of its Jeddah South Container Terminal in Saudi Arabia.

This project will increase the port’s container handling capacity and support the Kingdom’s maritime logistics and transportation strategy.

EDECS’ scope of work includes developing infrastructure on a total of 100,000 square meters, including earthwork, paving layers, road marking, electrical networks, sewage networks, firefighting networks, and reefer gantries. On completion, the revamped terminal will increase the port’s container handling capacity from 2.4 million to 3 million TEUs by 2024.

“EDECS is delighted to be selected as a key partner in realizing Saudi Arabia’s ambitious port infrastructure strategy. This crucial project aligns with the Kingdom’s vision to enhance its maritime logistics and transportation capabilities while solidifying Jeddah’s position as a preeminent trade and logistics hub on the Red Sea coast,” the company said in a statement.

“EDECS brings its proven expertise and extensive experience to the forefront, ensuring timely and cost-effective project completion to the highest quality standards. We are committed to playing a pivotal role in unlocking the Kingdom’s maritime potential and contributing to Jeddah’s continued growth as a global trade and logistics center.”

Since its establishment in 1995, EDECS has expanded its operations beyond Egypt, successfully delivering projects across the MENA region, including Saudi Arabia.

The company provides innovative, sustainable, and cost-effective solutions for a wide range of projects, delivering excellence and meeting the highest standards of quality, safety, and sustainability.


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.