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اقتصاد وأعمال

ALEC Achieves 29% YoY Growth Driven by Ongoing Saudi Expansion and Subsidiaries’ Strong Performance

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With a healthy pipeline of projects in progress, ALEC Engineering and Contracting LLC (ALEC) has continued its strong business momentum. During 2024, the company — one of the largest construction firms in the region — recorded an impressive 29% revenue growth, scaled its workforce by 46%, reaching nearly 40,000 workers, and established new facilities in Ras Al Khaimah.

These investments bolster ALEC’s continued sectoral diversification, and expansion in Saudi Arabia — two pillars of its strategy over the last five years. “Over the years, our construction-adjacent lines of business — spanning fit-out, modular construction, and even data centres — have become market leaders in their own right and now contribute significantly to our overall business,” said Barry Lewis, CEO at ALEC. Notably, AJI Rentals, the company’s heavy equipment rental arm, established its presence in Saudi Arabia in 2024, while simultaneously expanding its UAE footprint with the opening of a new facility in Dubai.

ALEC’s acquisition of TARGET Engineering has also proved to be a strategic success. “Last year, TARGET won multiple large-scale engineering, procurement, and construction projects, including MMBD, Borouge, and the Dalma Gas Development,” said Lewis.

Commenting on the company’s impressive 29% year-on-year revenue growth in Saudi Arabia and the UAE, Lewis said, “Having established a robust ecosystem of talent, production facilities, supply chains, and logistics in the UAE, replicating this success in Saudi Arabia was the next logical step. In just two years, we have grown to be recognised as one of the most trusted construction firms in the Kingdom. This success has been driven not by volume but by a portfolio of complex, high-value developments.” Among the landmark projects ALEC has been awarded in Saudi Arabia are the Qiddiya Waterpark and Qiddiya Speedpark.

Looking ahead, ALEC aims to pioneer new paradigms and technologies in the region. One such area is the modularisation of construction and MEP works, wherein the company has established large-scale production facilities in the UAE. In line with its recently unveiled Robotics Strategy, ALEC aims to have 5% of its construction activities automated through advanced robotic solutions by 2030. Through its subsidiary, Advanced Engineered Solutions (AES), which specialises in turnkey building envelope solutions, the company is targeting large-scale developments in the cultural, hospitality, and leisure sectors, where visionary architects are pushing the boundaries of conventional design.

“We will continue to challenge perceptions of our industry with our advancements in technology utilisation, sustainability, and operational efficiency,” said John Deeb, COO and CFO of ALEC. “As a number of the large contracts we have been awarded move into the phase of significant activity, 2025 will be a year of consolidation. We will focus on streamlining operations and further enhancing outcomes for our clients and stakeholders.” 

 

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اقتصاد وأعمال

تحوّل بِلدناو إلى عاجل: انطلاقة جديدة جريئة لتمكين الشركات السعودية بالسرعة والثقة والنمو

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أعلنت شركة بِلدناو الشركة الرائدة في تقديم حلول الشراء الآن والدفع لاحقًا للمنشآت الصغيرة والمتوسطة في المملكة العربية السعودية عن تغيير علامتها التجارية إلى عاجل.

يمثل هذا التغيير امتدادًا لنمو الشركة خارج نطاق قطاع البناء وتأكيدًا على التزامها بدعم رواد الأعمال والمنشآت السعودية بمختلف أنواعها من خلال حلول ذكية وسريعة تتماشى مع وتيرة الاقتصاد السعودي الحديث.

عاجل رمز محلي للسرعة والتمكين

تم اختيار اسم عاجل لما يحمله الاسم من دلالات قوية على الاستجابة الفورية والتواصل المحلي والارتباط الثقافي العميق بالمجتمع السعودي ويعكس الاسم قيم الشركة الأساسية والتي هي السرعة والمرونة والمصداقية والتمكين.

وأكد الرئيس التنفيذي عبد الله الشيخ أن هذا التحول هو تأكيد جديد للرسالة التي تأسست عليها الشركة، ودليل على التزامها المتجدد بالمشاركة في دفع عجلة التقدم تحت مظلة رؤية السعودية ٢٠٣٠.

أما الشعار الجديد الذي صُمم بالكامل باللغة العربية فيجسد بساطة التصميم ودقته من خلال خط عربي عصري يتميز بانسيابية الشكل وتوازن البنية.

يحمل الشعار في طياته رمزية للحركة والتطور والاستجابة الذكية ويعكس هوية المنصة الرقمية المتقدمة.

توسّع استراتيجي برسالة أشمل

بدأت الشركة رحلتها في قطاع البناء لكنها اليوم تشهد إقبالاً متزايدًا من قطاعات متنوعة مما يثبت أن الحاجة إلى حلول دفع ذكية تشمل مختلف مجالات الأعمال. تقدم عاجل حلولًا رقمية متكاملة، تشمل الموافقة التلقائية خلال أقل من ٤٨ ساعة، ومتطلبات وثائق مبسطة وشبكة تضم مئات الموردين المعتمدين.

وأوضح الشريك المؤسس هشام الصالح أن عاجل أصبحت منصة جاهزة للتوسع ومبنية لخدمة كل منشأة تبحث عن النمو وتعزيز السيولة.

من مرتكزات عاجل الجديدة

  • اشتمال للقطاعات بحيث انها تخدم جميع أنواع المنشآت التي تحتاج إلى حلول سريعة للنمو.
  • سعودية الهوية بحيث انها نابعة من السوق المحلي وتلبي احتياجاته بمرونة وفهم عميق.
  • محفّزة للنمو بحيث انها تركز على النتائج العملية مثل تحسين التدفق النقدي، تسريع المشاريع، وتسهيل الشراء والتوريد.

تمكين المنشآت الصغيرة والمتوسطة على نطاق واسع

تجاوزت عمليات عاجل أكثر من ٢٥٠ مليون ريال سعودي في التعاملات وتخدم أكثر من ١١٠ عميلًا من خلال شبكة تضم أكثر من ٤٠٠ شريك من الموردين.

تقدم الشركة خدمات متنوعة تشمل:

  • الشراء الآن والدفع لاحقًا: خطوط ائتمان تصل إلى مليونين ريال، وخطط سداد حتى ستة أشهر وموافقة في أقل من ٤٨ ساعة.
  • خدمات التوريد: خصومات نقدية لتحسين التدفق المالي وتنفيذ سلس لطلبات الشراء.
  • تغطية قطاعات متعددة تشمل مواد البناء والأدوات الطبية والمواد الغذائية والمستلزمات الصناعية.

وتسعى عاجل إلى تمكين كل منشأة صغيرة في المملكة سواء كانت في المدينة المنورة تستورد الأجهزة الطبية أو في الدمام تدير مخزون السلع الاستهلاكية.

أكد الشريك المؤسس راحت ديوان أن هذا التحول أكثر من مجرد تغيير اسم بل هو إعلان نوايا حقيقية لبناء محرك نمو يخدم الاقتصاد المحلي ويرتقي بطموحات المنشآت السعودية.

لمزيد من المعلومات يمكنكم زيارة https://www.aajil.ai/ar

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اقتصاد وأعمال

Buildnow is Now Aajil: A Bold New Chapter Empowering Saudi Businesses with Speed, Trust, and Growth

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Buildnow, the Saudi-born pioneer in Micro and Small to Medium Enterprise (SME), ‘Buy Now Pay Later’ (BNPL) solutions, proudly announces its rebrand to Aajil (عاجل), an Arabic word meaning urgent or immediate. This change shows how the company is growing beyond one sector, helping small and medium businesses across Saudi Arabia access the support they need to scale. The rebrand underscores Aajil’s commitment to national roots, speed, and modernity, which means delivering bold, agile solutions that meet the evolving needs of Saudi entrepreneurs in a digitally connected, fast-paced economy.

Aajil: More Than a Name, A Local Symbol of Speed and Empowerment

The name Aajil was chosen deliberately for its immediacy, local familiarity, and deep emotional resonance in Saudi Arabia. It reflects the company’s brand values of urgency, agility, clarity, credibility, and empowerment, and positions Aajil as a true Saudi-first brand.

“Aajil not only demonstrates the speed at which we operate, but also our deeply rooted connection to the Kingdom, our clients, and the pace of progress under Vision 2030. This is more than a rebrand; it’s a reaffirmation of our mission.”

– Abdulla Sheikh, Chief Executive Officer of Aajil.

The logo design, set entirely in Arabic, is more than text. It is an iconic brandmark that is clean, purposeful, and aesthetic in its modern Arabic typography, with design lines that visually represent motion, flow, and responsiveness. This elegance in the form matches the elegance in function of Aajil’s digital-first platform.

With minimalist symmetry, sharp ascenders, and flowing curves, the logo serves as a wordmark and a visual identity. It signals strength, clarity, and a strong leap into the future of Saudi fintech.

 A Strategic Shift with a Wider Mission

While we began our journey focused on construction under the Buildnow brand, we’ve seen growing interest from various sectors. This is a clear signal that the need for smarter payment solutions extends far beyond building materials. With automated approvals in under 48 hours, minimal documentation requirements, and access to hundreds of verified suppliers, Aajil is built for scale. This rebrand reflects that evolution and reinforces the message that Aajil is:

  • Sector-agnostic: Built for all businesses that value speed, liquidity, and growth.
  • Locally rooted: A homegrown Saudi company with local understanding and national relevance.
  • Growth-driven: Focused on real business outcomes, including cash flow optimisation, project acceleration, supplier flexibility, and procurement ease.

“Our ambition is to become the go-to digital platform and partner for every growth business in the Kingdom. Aajil is for builders, makers, traders, and innovators. Aajil is their ally.”

  • Hisham Al Saleh, Co-founder of Aajil

 Powering Micro & SME Growth at Scale

With over SAR 250M+ in transactions, 110+ clients, and 400+ supplier partnerships, Aajil offers powerful, digital-first BNPL solutions:

  • BNPL (Buy Now, Pay Later): Access credit lines of up to SAR 2 million, with repayment terms of up to 6 months and approvals in less than 48 hours.
  • Procurement Services: Discounted sourcing, cash flow optimisation, and seamless fulfillment.
  • Multi-sector reach: Serving sectors from steel and construction to pharmaceuticals, food imports, and industrial supplies.

Whether a micro business in Madinah importing medical devices or a trader in Dammam managing FMCG stock cycles, Aajil is built to serve with speed and clarity.

“Aajil is not just a rebrand. It’s a statement of intent. We’re building the growth engine for Saudi entrepreneurs, micro-enterprises, and SMEs”

  • Rahat Dewan, Co-founder of Aajil

As part of the core mission linked to its rebrand, over the coming few months, Aajil will be launching new innovative products and solutions. This will include products aimed specifically at the massive yet underserved segment of Saudi micro-enterprises, and services to enable safer and efficient trade between businesses across Saudi Arabia.

For more information’s, please visit https://www.aajil.ai/

 

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اقتصاد وأعمال

Redington Inaugurates New Office in Riyadh

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Redington, a leading technology aggregator and innovation powerhouse across emerging markets, today announced the inauguration of its new office in Riyadh, Kingdom of Saudi Arabia. This milestone marks a significant step in Redington’s commitment to deepening its presence in the region and supporting the Kingdom’s ambitious digital transformation goals under Vision 2030.

Strategically located in the heart of Riyadh’s thriving technology district in Al Olaya, just steps away from the iconic Kingdom Tower, the new head office is designed to be a central hub for collaboration and innovation. It will support partner growth and help deliver tailored, cutting-edge technology solutions that meet the evolving needs of the Saudi market.

“Our presence in Saudi Arabia is not new—but this new headquarters represents a renewed and future-ready approach to how we engage with our partners, customers, and the broader tech ecosystem,” said Rawad Ayash, President, Saudi Arabia, Redington. “The Kingdom is undergoing a remarkable transformation, and we are proud to be part of that journey—bringing global innovation, local insights, and long-term value to the market.”

The new space has been designed with a focus on sustainability, collaboration, and employee well-being. It blends Redington’s global values with local cultural sensibilities, fostering a dynamic environment where talent, technology, and innovation converge.

As Saudi Arabia accelerates its path to becoming a global technology hub, Redington’s new Riyadh office reinforces its role as a trusted partner—delivering cloud, cybersecurity, AI, and emerging technology solutions through a vast ecosystem of partners, startups, and alliances.

“This new office is a foundation for the culture we’re building—one that inspires curiosity, encourages bold thinking, and puts people at the center of everything we do. It’s a space designed to spark ideas, foster collaboration, and drive meaningful progress as we help shape Saudi Arabia’s digital future,” added Ayash.

The inauguration ceremony was graced by dignitaries from the Ministry of Investment of Saudi Arabia and representatives of the Indian embassy, highlighting the Kingdom’s support for private sector collaboration in driving Vision 2030 – alongside our key technology vendors and channel partners. This new chapter reflects Redington’s deepened commitment to supporting Saudi Arabia’s digital ambitions—through stronger presence, closer collaboration, and greater impact.

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