Bahrain Airport Company signs strategic agreement with APSCO

Mohamed Yousif Al-Binfalah, CEO of Bahrain Airport Company
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Updated 16 September 2024
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Bahrain Airport Company signs strategic agreement with APSCO

Bahrain Airport Company, the operator and managing body of Bahrain International Airport, signed a strategic agreement with The Arabian Petroleum Supply Company, a renowned energy company with a rich history in the Middle East’s petroleum industry. The signing ceremony took place at Awal Private Terminal to formalize the strategic agreement.

Under this agreement, APSCO becomes the second into-plane service provider at the airport, leveraging its extensive expertise to deliver reliable and efficient aviation fuel services. This partnership represents a key milestone in BAC’s ongoing commitment to enhancing operational excellence and elevating the overall passenger experience.

BAC Chief Executive Mohamed Yousif Al-Binfalah said: “This strategic partnership with APSCO marks a significant step forward in our commitment to enhancing BIA’s aviation fueling service offerings. By expanding our fuel service capacity and efficiency, we are further solidifying BIA’s position as a world-class airport with alternative service providers and enhancing its attractiveness to global airlines.”

APSCO Managing Director Mohammed Ali Ibrahim Alireza added: “We’re proud to partner with Bahrain Airport Company. With over 60 years of experience in energy solutions and a focus on aviation fuels, we’re well-equipped to support BIA’s commitment to operational excellence. Our long history in aviation fueling services underlines our capacity to continually innovate and adapt to our customers’ needs. By striving to improve efficiency, reduce environmental impact, and harness the latest technologies, APSCO aims to provide top-tier services at airports.”

This strategic move aligns with BAC’s vision to contribute to the growth of Bahrain’s aviation sector and attract more airlines and passengers to the country. APSCO currently manages 22 depots across various airports in Saudi Arabia, ensuring seamless operations for both commercial and private aircraft.


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.