Zahid Group and Total have establishment of a joint venture named SAFEER – Saudi French for Energy Efficiency and Renewables.
In line with the Zahid Group and Total’s dedication to the Kingdom of Saudi Arabia Vision2030, SAFEER’s goal is to provide reliable and affordable solar energy solutions to commercial and industrial customers throughout the Kingdom of Saudi Arabia, leading the way in the creation of a distributed generation ecosystem through the delivery of solutions and the development of local solutions.
Specializing in commercial and residential solar systems on rooftops and carports, the joint venture would harness Total’s experience through the entire solar value chain and Altaaqa’s 18-year leadership in providing independent power and water utility solutions in the Kingdom.
Establishing SAFEER comes as a natural response to the Ministry of Energy´s announcement to promote Renewable Distributed Generation in the Kingdom.
“In line with our 2050 carbon neutrality ambition and our growth strategy in renewables, we are committed to bring to SAFEER Total’s world-class expertise in on-site solar power generation solutions to provide clean, affordable and reliable energy to industrial and commercial customers in KSA. We are delighted to expand our partnership with Zahid Group to this new field opened by the Ministry of Energy in the frame of KSA Vision 2030.”Julien Pouget, senior vice president, Renewables at Total.
“Zahid Group is built on long-standing partnerships and associations with globally renowned brands and its adherence to the highest levels of professionalism and operating standards. Across our 11 sectors of operation, Zahid Group has illustrated its commitment to our Kingdom’s future. Whether it is through the establishment of companies and joint ventures, the development of local talent, the empowerment of women, or the investment in new factories, facilities and technologies. We take great pride in the Kingdom’s ambitious plan to become a diversified investment powerhouse and are committed to playing our role in the realization of Vision 2030.”Majid T. Zahid, president of Zahid Group.
SAFEER will be home to the job growth of future generations of Saudi Arabians, a case study of collaborations between world leaders and local champions, a driving force in the diversification of the Kingdom’s economy and a pioneer in delivering the Kingdom’s aggressive clean energy plans.