Altaaqa Global Breaks Ground for Its Headquarters

Top Quote Located at the Dubai World Central (DWC), the facility will serve as the worldwide hub for the company's global operations. End Quote
  • (1888PressRelease) December 15, 2014 - Altaaqa Global CAT Rental Power, the global provider of temporary power solutions, broke ground at the site of its new headquarters at the Dubai World Central, on December 3, 2014. Located on a 40,000 square meter plot of land, the facility will house the head office, a state-of-the-art asset monitoring & control center, a training center, an equipment servicing center, and recreational areas - together serving as the hub for the company's worldwide operations. The groundbreaking ceremony was led by Altaaqa Global Chairman, Mr. Fahad Y. Zahid, and was attended by company executives, personnel and distinguished guests.

    Commenting on the occasion, Mr. Fahad Y. Zahid said, "Once completed, the headquarters will propel Altaaqa Global to the position of a global operator with its own resources to manage, maintain and service its assets in-house, shortly after its inception. The facility will also give the company the means to control its global footprint from a single, central station. With a professional and passionate team, eager to serve and provide vital power on demand, we are enthusiastic about Altaaqa Global's future, and our ability to expand into many countries where electricity is scarce and in high demand."

    In his keynote speech, Steven Meyrick, Board Representative of Altaaqa Global, said, "Immediately following this ceremony, we will begin construction on the first totally dedicated Caterpillar IPP facility in the world. Although we all look forward to the completion of the construction phase of our facility, the company will not achieve greatness through bricks and mortar: These are simply tools. It will always boil down to the quality and dedication of a company's employees: They alone will transform a good company into a great one."

    As a further part of the groundbreaking festivities, there was a symbolic planting of a date palm tree by Mr. Fahad Y. Zahid.

    Commenting while attending the ceremony, Peter den Boogert, Managing Director of the company, said, "This date palm tree symbolizes our company: Just like this tree- if we take care of our company and give it the necessary attention and dedication, it will grow stronger and sturdier."

    Altaaqa Global was the product of Zahid Group's decision to capitalize on the success of its 1.3 GW temporary power project business in Saudi Arabia, then called Altaaqa Alternative Solutions (Altaaqa Saudi). After several fruitful years in the energy industry, Zahid Group created Altaaqa Global, in order to replicate the success of Altaaqa Saudi on an international scale.

    About Altaaqa Global
    Altaaqa Global, a subsidiary of Zahid Group, has been selected by Caterpillar Inc. to deliver multi-megawatt turnkey temporary power solutions worldwide. The company owns, mobilizes, installs, and operates efficient temporary global power plants (GPP's) at customer sites, focusing on the emerging markets of Sub-Saharan Africa, Central Asia, the Indian Subcontinent, Latin America, South East Asia, the Middle East, and North Africa. Offering power rental equipment capable of operating with different types of fuel, such as diesel, natural gas, or dual-fuel, Altaaqa Global is positioned to rapidly deploy and provide temporary power plant solutions, delivering electricity whenever and wherever it is needed.

    About Altaaqa Alternative Solutions (Altaaqa Saudi)
    Altaaqa Saudi is an environmentally responsible provider of electrical power, water and temperature control solutions, exclusively serving the dynamic Saudi Arabian market. Operating out of six branches strategically located across the Kingdom, the company focuses on providing added value through fully customizable offerings tailored to specific customer requirements.

    About Zahid Group
    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.

    About Caterpillar
    For nearly 90 years, Caterpillar Inc. has been making sustainable progress possible and driving positive change on every continent. Customers turn to Caterpillar to help them develop infrastructure, energy and natural resource assets. With 2013 sales and revenues of $55.656 billion, Caterpillar is the world's leading manufacturer of construction and mining equipment, diesel and natural gas engines, industrial gas turbines and diesel-electric locomotives. The company principally operates through its three product segments - Resource Industries, Construction Industries and Power Systems - and also provides financing and related services through its Financial Products segment.
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