Al Gihaz Holding

Name

Al Gihaz Holding

Legal name

Algihaz Holding

Website

https://algihaz.com

Company type

Private

Founded year

1975

Operating status

Operating

Headcount range

5,001–10,000 employees

Ownership category

akta.pro rank

Product category

Infrastructure & Energy EPC Services

NAICS

Solar Electric Power Generation (221114), Wind Electric Power Generation (221115), Electric Bulk Power Transmission and Control (221121), Electric Power Generation, Transmission and Distribution (2211)

SIC

Electric Services (4911)

akta.pro primary industry

Solar PV Power Plant EPC (Utility-Scale) (EUAEAAAG)

akta.pro secondary industries

Wind Power Plant EPC (Onshore/Offshore) (EUAEAAAF), Construction Management & General Contracting (EPCM, Scheduling, QA/QC, HSE) (EUAMAFAJ), Civil & Site Works EPC (Earthworks, Roads, Drainage, Foundations) (EUAEADAA)

Keywords

• Infrastructure EPC services
• Renewable energy projects
• Power transmission distribution
• Offshore marine construction
• Modular building construction

Headquarters

HQ city

Riyadh

HQ country

Saudi Arabia

HQ region

Middle East

Offices8 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Supply Chain, Technology or R&D, Infrastructure, Marketing or Sales

Revenue model

1. EPC (Engineering, Procurement & Construction) Services: Algihaz Contracting serves as the primary EPC delivery arm, providing design, procurement, construction, testing and commissioning for power infrastructure, substations, transmission lines, and renewable energy projects. Revenue is generated through large fixed-price contracts with government utilities and private sector clients.
2. Strategic Investments & Joint Ventures: Algihaz Holding holds equity stakes in portfolio companies and joint ventures across energy (renewables, oil & gas), marine, healthcare, real estate, and experiential sectors. Returns are generated through dividends, asset appreciation, and exit gains from investments such as Sakaka Solar, Syvash Wind Farm, Lamprell, and Thunderball Investments.
3. Panel Manufacturing & Industrial Solutions: Subsidiaries SEP and SELCO manufacture electric panels, switchgear, and control systems for the National Grid, Saudi Aramco, SWCC, and the Royal Commission. Revenue is generated from product sales and related services.
4. Experiential & Digital Services: Craft develops immersive exhibitions, museums, and events; AIGC provides digital transformation and consulting services. Revenue generated from project-based creative, design-build, and consulting engagements.
5. Offshore Construction & Marine Services: Lamprell (since 2022, under Algihaz) provides EPC, fabrication, and maintenance for offshore platforms and renewable energy foundations. AMC delivers offshore installation services. Bourbon Offshore provides marine services for oil, gas, and wind farms.

Pricing tiers

Go-to-market motion2 records

Distribution channels5 records

Marketing channels5 records

Core offering

Al Gihaz Holding is a diversified Saudi investment holding company that, through its subsidiaries and joint ventures, delivers EPC contracting for power transmission and distribution infrastructure, utility-scale solar and wind energy projects, offshore and subsea marine services, electric panel and switchgear manufacturing, modular construction, digital transformation and digital twin solutions, and experiential design-build services. Core customers are government utilities (Saudi Electricity Company), Saudi Aramco, ministries, and large international energy partners, served primarily through competitive tendering and consortium arrangements.

Product overview

Al Gihaz Holding is a diversified Saudi Arabia-based investment company operating as a strategic investment group with subsidiaries across construction, energy, industrial solutions, and experiential services. The portfolio includes EPC contracting (Algihaz Contracting, CCE, Al Fayhaa), power equipment manufacturing (SEP, SELCO), digital/IT solutions (AIGC, Digital Era), industrial services (NEWFAB modular construction, Enshore Subsea), and energy investments (Lamprell, Sakaka Solar, Syvash Wind Farm, Winch Energy). The group also invests in experiential services through Craft and holds marine services investments (AMC, Bourbon Offshore, Enshore Subsea). Projects span renewable energy, power infrastructure, subsea operations, smart grid technology, and cultural development.

Differentiator

Problem solved

Functional benefit

Products and services

• Algihaz Contracting (EPC services) EPC contracting services delivering engineering design, procurement, construction, testing and commissioning for power transmission, distribution, substations and renewable energy projects for government utilities and large enterprises.
• SEP Electric Panel Manufacturing Fast-track production of relay, control, automation and distribution panels, approved for supply to Saudi National Grid, Royal Commission, Saudi Aramco and SWCC.
• SELCO Electrical Control Systems Manufacture and assembly of LV switchboards, electrical and electronic control systems; over 35 years of experience as a Schneider Electric platinum partner panel builder.
• Artificial Intelligence Global Company (AIGC) Digital Twin Solutions Digital transformation, engineering, technology and consulting services for oil and gas, power, utilities, manufacturing, mining and smart cities, including Digital Twin platforms that reduce unplanned downtime by 36% compared to traditional methods.
• Craft Experiential Design-Build Design, production and design-build of large-scale temporary and permanent exhibitions, museums, galleries, architecture models and event management for government ministries and private sector clients globally.
• Digital Era Mission-Critical ICT Deployment and operation of mission-critical ICT infrastructure for utility, oil & gas, government and transportation segments with 24/7 guaranteed availability.
• Al Fayhaa (AFCC) MEP EPC Contracting MEP EPC contracting for residential, commercial, medical and hospitality developments with services in electrical, mechanical, low current systems and energy services.
• NEWFAB Modular Construction Off-site manufacturing of proprietary steel volumetric modules for hotels, government facilities and commercial complexes, enabling rapid modular construction.
• Contracting & Construction Enterprises (CCE) Class 1 general contracting for industrial projects including data centers, hotels, towers, residential developments and large-scale EPC contracts.
• Layla Solar PV Project First utility-scale solar PV plant in Saudi Arabia, 10 MW capacity over 720,000 sqm, supplying 10% of local demand and reducing carbon emissions by 1.7 million tons.
• Sakaka Solar PV Project Saudi Arabia's first utility-scale renewable energy project, a 300 MW solar PV plant powering 45,000 households and offsetting 500,000 tons of CO2 emissions annually.
• Syvash Wind Farm One of the largest wind installations in Ukraine with 63 turbines, 250 MW output capacity generating 859 GWh annually and powering over 100,000 homes.
• Winch Energy Off-Grid Power Off-grid renewable energy solutions based on a proprietary Remote Power Unit providing electricity, internet and water access for off-grid communities in Africa, Europe, Latin America and Asia.
• Enshore Subsea Subsea Trenching Services Seabed intervention and subsea trenching services for oil & gas, telecom, defense and offshore power markets globally, leveraging 25+ years of heritage and a full toolkit of subsea trenching vehicles.
• Lamprell Offshore Energy Construction Established 1972, a global energy infrastructure powerhouse providing EPC, fabrication and maintenance for offshore platforms and solar farm foundations serving oil & gas and renewables sectors.
• Algihaz Marine Contractors (AMC) Integrated marine contracting services for engineering, procurement, transportation and installation of offshore structures, pipelines and subsea systems, working closely with sister company Lamprell for offshore energy projects.
• Bourbon Offshore Marine Services Marine services provider offering surface and subsea services for oil & gas fields and wind farms.
• Digital City Riyadh Landmark mixed-use destination of 4 towers in Riyadh featuring 45,000+ LEDs operating as a unified canvas for content and light shows, reimagined in partnership with Raza and the Public Pension Agency.
• JAX 01 Contemporary Art Space Contemporary art exhibition space in Riyadh's cultural district serving as a catalyst project under Saudi Vision 2030 Quality of Life Initiatives, designed with HWKN architects.
• NextGen Infra Sustainable Infrastructure Investments Sustainable infrastructure investment vehicle targeting transportation, housing compounds, healthcare, privatization of national assets and utilities including energy transition in KSA and abroad.
• Algihaz Oil & Gas Wholly-owned subsidiary of Al Gihaz Holding engaged in oil and gas exploration, production and refining.

Quantifiable outcome

• 500,000 tons CO2 emissions offset per year from Sakaka solar plant alone
• +7 more outcomes

Named customers13 records

Segments5 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature6 records

Partnerships

20 partnerships are on record, tiered core, key and minor.

• ACWA PowercoreStrategic or Co-development Partner · 15 November 2018Algihaz Holding and ACWA Power formed a consortium to develop Sakaka PV IPP, Saudi Arabia's first utility-scale renewable energy project, valued at approximately SAR 1.2 billion. Algihaz holds a 30% share in the project and participated in construction through Algihaz Contracting. The partnership is a flagship initiative under Saudi Vision 2030.
• Total Eren (France)coreStrategic or Co-development PartnerTotal Eren is a joint venture partner in Syvash Wind Farm (Ukraine — 250 MW, 63 turbines) alongside NBT and Algihaz. Also a partner in Winch Energy (UK-based off-grid energy developer) together with Winch Energy Partners, Itochu Corporation, and Algihaz. Total Eren brings international renewable energy expertise to Algihaz's portfolio.
• NBT (Norway)coreStrategic or Co-development PartnerJoint venture partner with Total Eren and Algihaz in the Syvash Wind Farm project in Ukraine — one of the largest wind installations in the country with 63 turbines generating 859 GWh/year.
• Winch Energy Partners (UK)coreStrategic or Co-development PartnerWinch Energy is a UK-based partnership between Total EREN, Winch Energy Partners, Itochu Corporation, and Algihaz Holding. The company develops off-grid renewable energy projects globally with a proprietary Remote Power Unit (RPU). Winch Energy operates in 5 African countries and aims to create 200,000 new connections benefiting 1.5 million people.
• Itochu Corporation (Japan)coreStrategic or Co-development PartnerPartnership with Total Eren, Winch Energy Partners, and Algihaz in Winch Energy, the UK-based off-grid energy developer. Itochu brings international trading and project development capabilities to the joint venture targeting energy access in Africa, Latin America, and Asia.
• BGL Energy (formerly BElectric Gulf)keyStrategic or Co-development PartnerAlgihaz partnered with BGL Energy to deliver the Layla solar PV plant (10 MW, 720,000 sqm) in Al-Aflaj province — the first utility-scale solar project directly connected to Saudi Arabia's national grid. BGL Energy is a global leader in solar plant design and construction.
• Craft (formerly Modelcraft, Australia)keyStrategic or Co-development PartnerAlgihaz partnered with Modelcraft (now Craft) in 2008 — an Australian company specializing in architectural model making. Craft has since become a major subsidiary of Algihaz developing large-scale immersive exhibitions, museums, and events including JAX 01 in Riyadh and Digital City towers. Craft partnered with HWKN (international architects) for JAX 01.
• Enshore Subsea (UK)coreStrategic or Co-development PartnerAlgihaz acquired Enshore Subsea in 2021, establishing a joint venture that leverages Enshore's specialized subsea trenching assets and 25+ years of heritage to support Saudi Arabia's 58.7 GW clean energy goal by 2030. Enshore provides seabed intervention services globally for oil & gas, telecom, defense, and offshore power markets.
• AVEVA (Schneider Electric subsidiary, UK)keyTechnology or IntegrationArtificial Intelligence Global Company (AIGC), Algihaz's subsidiary, partnered with AVEVA as the software provider for Digital Twin solutions. AVEVA's platform enables digital interactive 3D models for planning, design, construction, and maintenance of industrial assets, reducing unplanned downtime by 36%.
• Lamprell Ltd (UAE)coreStrategic or Co-development PartnerLamprell, acquired through Thunderball (Algihaz holds 100%), is a global energy infrastructure powerhouse established in 1972. It provides EPC, fabrication, and maintenance for offshore platforms and solar farm foundations. Lamprell participates in the International Maritime Industries (IMI) joint venture at Ras Al Khair with Saudi Aramco (40%), National Shipping Company of Saudi Arabia (20%), and Hyundai Heavy Industries (20%).
• Abu Dhabi Sustainability Group (ADSG)minorStrategic or Co-development PartnerADSG organizes the Abu Dhabi Sustainable Business Leadership Awards, where Sami Al Angari received Sustainability Leader of the Year 2021. ADSG is supported by Environment Agency — Abu Dhabi (EAD).
• Saudi Electric Services Polytechnic (SESP)minorImplementation/ SI/ Consulting PartnerAlgihaz signed a contract with SESP to conduct training for approximately 200 Saudi new graduates to be hired and deployed on Algihaz projects across all regions of Saudi Arabia.
• Nexus Gulf HealthcarekeyStrategic or Co-development PartnerAlgihaz launched Nexus Gulf Healthcare as its first healthcare investment in 2021, aiming to establish an integrated world-class healthcare system supporting Vision 2030 and healthcare transformation across the region.
• TEQNIA Energy Co.keyStrategic or Co-development PartnerAlgihaz Contracting signed an EPC contract with TEQNIA Energy Co. in September 2017 to build the 10 MW Layla solar PV plant in Al-Aflaj area — the first PV plant of its scale in Saudi Arabia.
• Public Pension Agency (Raza)keyStrategic or Co-development PartnerAlgihaz partnered with Raza and the Public Pension Agency to reimagine Digital City — 4 landmark towers in Riyadh featuring 45,000+ LEDs as a unified light canvas, inaugurated on National Day 2020. The project involved creative technology firm Craft and technical design partner Saber.
• HWKN (New York)minorImplementation/ SI/ Consulting PartnerCraft partnered with internationally acclaimed architects HWKN for the design of JAX 01 — interior gallery spaces and exterior exhibit garden for the Ministry of Culture's cultural district in Riyadh.
• ArtVue and Morcos Key (New York)minorImplementation/ SI/ Consulting PartnerCreative consultants engaged by Craft and Saber to conceptualize Digital City's inaugural light content for the towers' debut on National Day 2020.
• NEWFABkeyStrategic or Co-development PartnerNEWFAB, part of Algihaz Holding since 2023, is a leading off-site manufacturing company specializing in modular construction. Founded in 1983, headquartered in Riyadh, with 1,000 employees. Renowned for proprietary steel volumetric modules serving Saudi Arabia and GCC.
• Al Fayhaa Construction & Contracting (AFCC)keyStrategic or Co-development PartnerAFCC is an MEP EPC contractor subsidiary of Algihaz Holding with over 40 years of experience, specializing in large developments with complex MEP scopes across electrical, mechanical, low current systems, and energy services.
• Contracting & Construction Enterprises (CCE)keyStrategic or Co-development PartnerCCE, established in 1992 in Riyadh, is a Class 1 general contractor pre-qualified by Saudi Aramco. Specializes in large-scale EPC contracts for industrial facilities, civil works, Tier IV data centers, landmark buildings, and hospitality.

Scale indicators20 records

Recent moves12 records

Expansion highlights6 records

Direct peers

• ACWA Power: Saudi-listed IPP developer and operator; consortium partner with Algihaz on Sakaka and a direct comparable on renewable EPC and equity ownership of utility-scale solar and wind in MENA.
• Masdar (Abu Dhabi Future Energy Company): UAE-based renewable energy developer investing across MENA and Africa; comparable to Algihaz's renewable IPP strategy (Syvash, Sakaka, Winch Energy) and EPC consortium playbooks.
• Alfanar Construction: Saudi EPC and electrical manufacturing group building substations, transmission, and renewables — the closest competitor to Algihaz Contracting and SEP/SELCO on power infrastructure.
• Nesma & Partners: Major Saudi EPC contractor across power, substations, and infrastructure; directly competes with Algihaz Contracting on SEC and Aramco tenders.
• El Seif Engineering Contracting: Leading Saudi general and MEP contractor active in power, healthcare, and mega-projects; comparable on EPC scale, government client base, and Vision 2030 megaproject exposure.

Broad incumbents

• Engie SA: Global utility with renewable development and energy services footprint; comparable to Algihaz's broader energy transition strategy across generation, grids, and off-grid solutions.
• SEPCOIII Electric Power Construction: Chinese EPC major with extensive MENA power plant execution; a global incumbent competitor on utility-scale solar and conventional power EPC bids.
• Saudi Binladin Group: Largest Saudi construction conglomerate; competes for mega-project EPC and civil works and represents the broader incumbent landscape Algihaz competes against in Vision 2030 tenders.

Regional players

• Elsewedy Electric: Egyptian integrated cables, electrical equipment, and EPC group with MENA-wide power infrastructure delivery — comparable to SEP/SELCO and Algihaz Contracting on the power T&D value chain.

Emerging players

• Lamprell (standalone): Offshore EPC and fabrication specialist in which Algihaz owns 73%; comparable as a pure-play offshore energy infrastructure platform under Algihaz's control.

Market position

Strengths1 record

Weaknesses5 records

Competitive moat5 records

Key highlights7 records

Customer concentration

• Xtwitter.com/algihazholding
• Facebookfacebook.com/AlGihazHolding.Co
• LinkedInsa.linkedin.com/company/algihaz-holding

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Subsidiaries18 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Al Gihaz Holding