Schneider Electric ideal partner for CIO summit

Updated 25 September 2012
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Schneider Electric ideal partner for CIO summit

Schneider Electric, a global specialist in energy management, will reiterate its market leadership in the datacenter infrastructure management (DCIM) space as part of its support to IDC Saudi Arabia CIO Summit 2012.
The two-day event, themed ‘Driving the Agenda for Business Success’, will be held today and tomorrow at the Hilton Hotel, Jeddah.
The event has the support of Communications and Information Technology Minister Mohamed Jamil Mulla.
In its capacity as the platinum sponsor, Schneider Electric will showcase solutions such as StruxureWare and its operations software platform that offer advanced analysis and smartphone support to enable improved data center management.
Schneider Electric executives will be on hand to discuss latest trends in enterprise management and software.
Soeren Schroeder, sales director — software, IT business — Schneider Electric, will address the gathering on the second day, highlighting the company’s latest hardware and software offerings including critical power and cooling services and its leadership in research and development investments. 
Speaking ahead of the summit, Abed Al Jawad Qasem, vice president, IT Business, Schneider Electric KSA, said: “Towards maintaining our lead, we remain committed to consistently offering groundbreaking solutions that support data center managers to streamline IT and facilities management.”
Schneider Electric’s recent achievements in the DCIM space include the iCMG IT Infrastructure Award for successfully deploying Tier IV* data center solution to the Saudi Telecom Company (STC).
It has also been recognized with the ‘Best Data Center Middle East’ distinction and the ‘Middle East Green Award for Sustainability’, which was collected during the Data Center Middle East Awards. 
Jyoti Lalchandani, vice-president and regional managing director, Middle East, Turkey, and Africa, IDC, said: “We recognize Schneider Electric’s ability in working closely with industry leaders across multiple sectors, and providing advanced data center management solutions. Schneider Electric is an ideal partner for the IDC Saudi Arabia CIO Summit, and we are confident that their DCIM specialists will offer strategic insight into the DCIM space.”


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.