9 JUNE 2022, Riyadh, Kingdom of Saudi Arabia: The Ministry of Investment of Saudi Arabia 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 the 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. 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 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.
Zahid Group Media Contact: Alexandra Roger-Machart, [email protected]
MTD Group Media Contact: Group Communications Manager, [email protected]