Zahid Group and MTD Group Join Forces to Create MTD Arabia
Zahid Group and MTD Group Join Forces to Create MTD Arabia09 Jun 2022
9 June 2022, Riyadh, Kingdom of Saudi Arabia: The Ministry of Investment of Saudi Arabia today hosted the signing ceremony between Zahid Group and MTD Group, a global leader in temporary and semi-permanent water solutions, for the creation of the joint venture: MTD Arabia. Representing Zahid Group was Mr. Majid T. Zahid, Energy Group President and representing MTD Group was Mr. Hans Verhoeven, Managing Director of MTD Group.
MTD Arabia will leverage Zahid Group’s extensive local network and MTD Group’s technology and engineering capabilities in delivering reliable and safe temporary drinking water solutions for events, functions, and exhibitions in Saudi Arabia’s demanding entertainment industry. Additionally, MTD Arabia will develop decentralized, semi-permanent water solutions that cater to the growing demands of both the industrial and mining sectors in Saudi Arabia.
Commenting on today’s ceremony, Mr. Hans Verhoeven, Managing Director of MTD Group, stated, “We are excited about this new joint venture with Zahid Group. Their commitment to delivering excellence, their reputation and understanding of the needs of the Kingdom of Saudi Arabia will guide us in delivering innovative temporary and semi-permanent water solutions to the Kingdom’s public and private sectors.” Mr. Verhoeven added, “MTD Group has delivered projects in the Kingdom of Saudi Arabia in the past, most recently building and operating its largest-ever project in one venue at the MDL Beast Soundstorm Festival in Riyadh. Today and via our joint venture with the Zahid Group we are confident that we will be able to deliver our sustainable water use innovations and our products and services to reuse wastewater to customers across the Kingdom.”
Mr. Majid T. Zahid, Energy Group President at Zahid Group commented, “We always look to align ourselves with the world’s leading solution providers and today we are proud to have entered into this new and exciting partnership with MTD Group, a leader in delivering innovative temporary and permanent water solutions.” Mr. Zahid added, “MTD Arabia will quickly emerge as a leader in the water category as it brings together our Group´s local understanding, experience and customer-centric attitude, with MTD Group’s unparalleled commitment in delivering pure water onsite installation and management.”
The signing ceremony was held at the Ministry of Investment Saudi Arabia (MISA). Mr. Faysal E. Hamza, Deputy of Sector Investment Development from the Ministry’s Water Segment Team was in attendance.
The ongoing transformation of the Kingdom of Saudi Arabia, under the Vision2030 plan, is unlocking new opportunities at an unprecedented pace. MISA facilitates access to those opportunities through the development of a vibrant cross-government investment ecosystem, while also supporting businesses throughout their investment journey. MISA works with businesses of all sizes and origins to ensure that investment in the Kingdom is streamlined and as simple as possible.
On behalf of the Netherlands Embassy in Riyadh, Mr. Nabil Taouati, The Deputy Head of Mission and Mr. Diya Abdo, Senior Trade Advisor were also in attendance.
About Zahid Group
Zahid Group is a privately held organization headquartered in Jeddah, Saudi Arabia for over a century, it employs more than 5,000 people and is a leading player in multiple industries that include, energy & utilities, heavy machinery, financial services, industrial manufacturing, transport, and hospitality. The Zahid Group partners with leading global brands including Caterpillar, Volvo and Renault Trucks, UDTrucks and TotalEnergies.
Headquartered in Jeddah, the Group has evolved over the course of the last century from its origins as a modest trading concern to become a multi-national organization encompassing a diverse portfolio of companies operating across 11 sectors. The Group’s success is built on long-standing partnerships and associations with globally renowned brands and its adherence to the highest levels of professionalism and operating standards. The Zahid Energy Group includes 9 (nine) companies that are a mix of fully owned subsidiaries and joint ventures with the world’s leading energy solution providers. From turnkey temporary energy solutions to renewable energy solutions (solar, wind and hydrogen), across the Kingdom and well beyond, the Zahid Energy Group is focused on leading the way in delivering tailormade energy solutions to governments and businesses across the globe.
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MTD is a global company with over 35 years of experience in offering its customers temporary water infrastructures which include safe drinking water and wastewater treatment solutions. With its headquarters in Tilburg, the Netherlands, and offices in Europe, the Middle East, the Americas, and the Asia Pacific, MTD is recognized as a true water partner undertaking 1500 projects per year, from the events, expo, and industrial markets. MTD manages all stages of an installation, from design, implementation, and maintenance to dismantling. Thanks to their intelligent systems, innovations, and highly responsive service the MTD team can make a difference at any stage of a project, connecting customers to water solutions quickly and adequately. MTD’s purpose to create a better future with sustainable water use means that it meets each water challenge in the most sustainable and efficient way and contributes to initiatives that save water, improve the water balance and reduce the CO2 footprint.
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