The Zahid family has been connected to commerce for over a century, playing a pivotal role in the development of Saudi Arabia’s infrastructure. Today, through partnerships, joint ventures, wholly and partially owned subsidiaries, Zahid Group represents a diverse range of companies, offering comprehensive, customer-centric solutions in a number of thriving industries. Some of those include construction; mining; oil & gas; agriculture; power, electricity & water generation; material handling; building materials; transportation & logistics; real estate development; travel & tourism; waste management & recycling; and hospitality.
In 2012, Caterpillar Inc. entered into an international power projects (IPP) agreement with Zahid Group, which formed a new subsidiary company, Altaaqa Global. As an IPP partner, Altaaqa Global provides multi-megawatt temporary power solutions around the world, supported by partnerships within the worldwide CAT dealer network. With state-of-the-art temporary power equipment and focused expertise, the Company quickly delivers power projects of 20MW to 100MW and more, anytime and anywhere at extremely short notice.