EEIC seeks to diversify with landmark Jet Propulsion Center Project

Updated 30 September 2015
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EEIC seeks to diversify with landmark Jet Propulsion Center Project

JEDDAH: A well-established name among Power and Automation solution providers in the Oil and Gas sectors in Saudi Arabia, Electronic and Electrical Industries Corporation (EEIC) is now seeking to diversify into newer markets and industries.
Having catered to industrial infrastructure demands with its integrated Medium Voltage and Low Voltage Power and Automation solutions since 2004, EEIC is now competitively positioned to service the market across sectors. Thus, the company’s recent contract win for the Saudi Airlines Jet Propulsion Center, a subproject of King Abdulaziz International Airport’s expansion plan, marks its move into the transport and terminal market segments, enabling it to leverage the opportunities these present.
The airport’s upgraded facilities and terminals will provide greater efficiency and ease to both passengers and airline operators.
Of these, the landmark Jet Propulsion Center is a prime example.
Covering 60,000 square meters, the state-of-the-art jet engine maintenance and overhaul facility will handle Saudi Arabian Airlines’ existing and new aircraft engines and APUs.
The center is set to be a part of a larger aircraft maintenance campus dedicated to the airline and its customers in its bid to improve productivity and become a recognized third-party maintenance provider.
Moreover, the facility will also be home to a 500 square meters mosque, a courtyard complete with high glass curtain wall systems, an administrative building and associated facilities.
Commenting on EEIC’s scope for the project, Muntaser Kalahji, CEO, said: “We won the order to provide our products and services across the complete power distribution network. Thus, our specialized portfolio included MV Switchgear, Unit substations with MV interrupter switches, MV/LV Dry transformers, and LV Switchgears as well as LV panelboards, surge protection devices and Electrical Power Monitoring Systems (EPMS). Also, since we look to provide our customers with a complete end-to-end experience, testing and commissioning were also part of our services.”
He added: “We have managed to establish ourselves across sectors and are looking to now expand our market coverage to new segments such as the transport segment with this contract. Therefore, the Jet Propulsion Center project is certainly a defining milestone for us as we move forward with our diversification strategy. Also, EEIC is licensed to manufacture and provide integrated solutions in collaboration with leading technology providers which equips us with the expertise to actively expand and adapt our offerings to any project at hand. That is definitely our USP.”
The Center is set to be completed in 2016 as part of the first phase of the King Abdulaziz International Airport Expansion in Jeddah.


Owner of Abu Dhabi’s Al Hilal Bank appoints chairman and CEO

Updated 21 April 2019
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Owner of Abu Dhabi’s Al Hilal Bank appoints chairman and CEO

  • Eraiqat is currently group chief executive of Abu Dhabi Commercial Bank (ADCB)
  • Eraiqat will serve as chairman at Al Hilal in addition to his current role at ADCB

DUBAI: Abu Dhabi Islamic lender Al Hilal Bank said on Sunday its owner, the Abu Dhabi Investment Council, had appointed Alaa Eraiqat as the bank's chairman.
Eraiqat is currently group chief executive of Abu Dhabi Commercial Bank (ADCB), which is expected to merge with Al Hilal Bank and Union National Bank (UNB) in the first half of 2019.
Eraiqat will serve as chairman at Al Hilal in addition to his current role at ADCB.
The Abu Dhabi Investment Council, a sovereign wealth fund which combined with Abu Dhabi state fund Mubadala last year, also appointed Amr Saad Al Menhali as chief executive of Al Hilal Bank.