Saudi startup Wasel Lee secures $133,000 seed round

Updated 17 March 2018
0

Saudi startup Wasel Lee secures $133,000 seed round

Saudi-based logistics platform Wasel Lee has announced a $133,000 Series A round of funding, led by three individual investors. The platform, which is one of the projects incubated by the Badir Program for Technology Incubators and Accelerators at the Abha incubator, plans to use the funds to introduce new products and features, and further develop its technology and grow its team in the southern region of Jizan.
Founded in 2017, Wasel Lee helps users to request food supplies, special services, daily supplies, mail receipts and other services that can be delivered as per the convenience of the user.
Imad Murad, founder and partner of Wassel Lee, said: “The platform offers a wide range of services and products to individuals and companies through a mobile phone application. It has a wide and growing network of partners in the fields of food provisions, finance, real estate, medical supplies and bookings.”
He added: “The growth of the platform over the past year has backed our intention to start new investment rounds and provide a larger capital to expand these services and open up new markets in order to make this platform accessible to a larger segment of customers.”
Wasel Lee is an interactive electronic platform that provides logistical support and products, services and information, services for productive families, logistics and real estate special services, daily necessities and medical reservations, marketing and advertising of goods and shipping services and other resources for users of this application in the Kingdom.


Saudi Arabian Airlines displays new products

Updated 24 April 2018
0

Saudi Arabian Airlines displays new products

Saudi Arabian Airlines (Saudia), the Kingdom’s national carrier, is participating in the Arabian Travel Market (ATM), taking place in Dubai this week. This year marks the 25th edition of the show. Saudia has participated consistently throughout the years.
The airline has rolled out many new products and onboard amenities this year, including a new Business Class Porsche Design Men’s kit and Furla Ladies kit, as well as new children’s characters and kits.
Saudia is debuting a new exhibition stand design (9 x 30.5 meters) along with many interactive features and products on display. These include all the latest seats on static display — First Suite (first class), Business Class, and the Guest Class (economy) seats.
Also on display is a “smart model” experience, which provides a 3D interactive tour through the new Jeddah King Abdul Aziz International Airport.
Saudia is currently in the midst of a rapid transformation, fleet and network expansion program.
The airline has achieved double-digit growth in international passenger traffic, flying to 89 destinations across four continents. Saudia is receiving on average, one new aircraft every 12 days. Currently at 147, by the end of 2020 the fleet is set to reach 200 aircraft.
“Saudia looks forward to welcoming its travel retail partners, media and hospitality guests at ATM. The airline’s stand is located at ME 4310,” the airline said in a press release.
Currently in its 73rd year of operations, the airline is a member of the International Air Transport Association (IATA) and the Arab Air Carriers Organization (AACO).
Saudia carried 30 million passengers in 2016, and was named the 2017 World’s Most Improved Airline by Skytrax, an independent global aviation industry monitor.
The airline has 11 codeshare partners including: Garuda Indonesia, China Southern Airlines, Air France, Royal Air Maroc, Alitalia, Korean Airlines, KLM, Middle East Airlines, Aeroflot, Air Europa and Oman Air.