What GSH Holding does

GSH Holding is a Jordan-domiciled private holding company that operates six wholly-owned operating companies and three sustainability platforms spanning renewable energy, construction, IT, airport services, fire safety, and environmental services. The group was constituted in 2021 but its operating subsidiaries trace back to 2008 (Rogeena, fire-fighting systems), 2009 (Green Source Investment, solar EPC), 2017 (Ready Tech, IT solutions), 2018 (Green Sources Airport Services and Green Sources Contracting), and 2022 (Juman Co., carbon credits). The three sustainability platforms — Haq Sources, Green Sources for Alternative Energy, and Noor AlAqaba — were established between 2021 and 2023 with combined disclosed investment of approximately $66-80 million.

The underlying technology stack is conventional infrastructure rather than software-native: utility-scale solar PV systems (50 MWp project capacity at Haq Sources), electromechanical and MEP construction for renewable-energy plants, fire-alarm and firefighting hardware installation, airport ground-support equipment (GSE) and aviation fuel-station services, and IT licensing and integration through partnerships with Microsoft, Oracle, Huawei, TrendMicro, and Amazon. The IT subsidiary Ready Tech functions as a licensed reseller and systems integrator rather than a software developer. Carbon-credit and offset services through Juman Co. represent the closest the group comes to a recurring, non-EPC revenue line.

The business model is predominantly project-based B2B professional services and hardware sales rather than subscription or platform revenue. Six revenue streams are identified: EPC solar contracting (professional services), MEP contracting (professional services), IT solutions (professional services and licensing reselling), airport services (hardware sales and maintenance), fire-fighting systems (hardware sales and installation), and environmental sustainability (managed services including carbon credit development). The company states 150 employees, 300 completed projects, and 300 (currency unspecified, likely USD millions) in annual revenues, serving enterprise clients and government organizations across Jordan and the broader Middle East. Go-to-market is enterprise field sales with no disclosed marketing channels beyond a LinkedIn corporate page, and no public pricing or customer-logo disclosures.

Name

GSH Holding

Legal name

GSH Holding

Website

https://gsh-jo.com

Company type

Private

Founded year

2021

Operating status

Operating

Short description

GSH Holding is a Jordan-based private holding company operating six subsidiaries and three sustainability platforms across solar EPC, MEP construction, IT solutions, airport services, fire safety, and environmental services, serving enterprise clients and government organizations in the Middle East.

Ownership category

akta.pro rank

Product category

Diversified Infrastructure and Energy Services

NAICS

Offices of Other Holding Companies (551112), Solar Electric Power Generation (221114)

SIC

Electric Services (4911)

akta.pro primary industry

Solar Balance-of-Plant EPC (Piles/Foundations, Trenching, Combiner Networks) (EUAEADAJ)

Keywords

• EPC solar contracting
• MEP construction services
• Fire safety systems
• Airport ground handling
• Renewable energy development

Headquarters

HQ city

Jordan

HQ country

Jordan

HQ region

Middle East

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. EPC Solar Contracting: Engineering, Procurement, and Construction services for solar photovoltaic energy systems and renewable energy projects. Includes project development and installation services.
2. MEP Contracting: Mechanical, Electrical, and Plumbing contracting services including construction of renewable energy plants, electromechanical infrastructure, firefighting, cooling, and sanitation services.
3. IT Solutions: IT solutions, licenses, and technology services through partnerships with major vendors including Microsoft, Oracle, Huawei, and TrendMicro.
4. Airport Services: Equipment for airport services including ground handling services, aviation fuel station installation and maintenance, GSE and SPV MRO, and GSE maintenance training.
5. Fire Fighting Systems: Installation and sale of alarm systems, firefighting systems, and fire hoses meeting industry standards.
6. Environmental Sustainability: Carbon credit development and supply, climate change solutions, carbon offset solutions, and carbon asset management through Juman Co.
7. Renewable Energy Development: Investment in and development of renewable energy projects through sustainability platforms (Haq Sources, Noor Alaqaba, Green Sources for Alternative Energy) with focus on solar, wind, and hydroelectric installations.

Go-to-market motion2 records

Distribution channels1 record

Marketing channels1 record

Core offering

GSH Holding operates as a diversified holding group managing six operating subsidiaries and three sustainability platforms. It delivers engineering, procurement and construction (EPC) for solar photovoltaic energy systems, mechanical/electrical/plumbing contracting, IT solutions and licensing, airport ground handling and aviation fuel services, fire safety system installation, and environmental sustainability services including carbon credit development and carbon offset solutions.

Product overview

GSH Holding operates as a diversified holding company managing Six Independent Companies and Three Sustainability Platforms. The six subsidiaries include: Rogeena (fire fighting systems, est. 2008), Green Source Investment (EPC solar contracting, est. 2009), Ready Tech (IT solutions, est. 2017), Green Sources Airport Services (est. 2018), Green Sources Contracting (MEP services, est. 2018), and Juman Co. (carbon credit development, est. 2022). The Three Sustainability Platforms are Haq Sources (renewable energy consultancy with 50 MWp capacity), Green Sources for Alternative Energy (clean energy investments with portfolio of 5 MW projects), and Noor AlAqaba (sustainability and solar systems). Together, these entities serve clients across technology, renewable energy, environment, sustainability, airport services, and security sectors, ranking among the region's top ten through innovation and trusted growth. The company has delivered 300+ projects with 150 employees and $300 million annual revenues.

Differentiator

Problem solved

Functional benefit

Brands

• Haq Sources: Sustainability platform established in 2021, focusing on renewable energy with a unique and innovative approach. Has 50 MWp project capacity and global footprint in clean energy production.
• Noor AlAqaba
• Green Sources for Alternative Energy

Products and services

• EPC Solar Contracting
• MEP Contracting
• IT Solutions
• Airport Services
• Fire Fighting Systems
• Environmental Sustainability Services
• Haq Sources Sustainability Platform
• Green Sources for Alternative Energy Platform
• Noor AlAqaba Sustainability Platform

Named customers1 record

Segments6 records

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

Five partnerships are on record, tiered core.

• MicrosoftcoreTechnology or Integration · 1 January 2017Ready Tech is a licensed Microsoft partner offering comprehensive IT solutions and licenses. The partnership enables delivery of Microsoft-based technology solutions to clients.
• OraclecoreTechnology or Integration · 1 January 2017Ready Tech is a licensed Oracle partner providing comprehensive IT solutions and database technologies to enterprise clients.
• HuaweicoreTechnology or Integration · 1 January 2017Ready Tech partners with Huawei as a technology integration partner offering Huawei-based IT solutions and infrastructure.
• TrendMicrocoreTechnology or Integration · 1 January 2017Ready Tech is a TrendMicro partner providing cybersecurity solutions and services to clients.
• AmazoncoreTechnology or Integration · 1 January 2009Maher Al-Faraj has established IT companies with major partnerships including Amazon, complementing Microsoft partnerships for comprehensive cloud and technology solutions.

Scale indicators6 records

Recent moves6 records

Expansion highlights6 records

Broad incumbents

• First Solar: Global solar PV manufacturer and large-scale project developer. Comparable as a utility-scale solar participant but operates as an upstream technology supplier rather than a regional EPC contractor like GSH.
• Kharafi National: Kuwait-based MEP, infrastructure, and facilities management conglomerate serving MENA enterprises. Comparable to GSC and Rogeena's MEP and fire safety contracting activities across the Gulf and Levant.
• ACWA Power: Saudi-listed developer, owner, and operator of power generation and desalinated water plants across MENA and beyond. Comparable to GSH's Green Source Investment on solar EPC and renewable project development, though at significantly greater scale.
• Masdar: Abu Dhabi-based renewable energy developer and investor operating across solar, wind, and hydrogen across MENA. Comparable to GSH as a regional clean energy platform, but vastly larger in scale and capital base.

Regional players

• MENA Aerospace / Airport Services contractors: Regional airport ground support equipment (GSE) maintenance, fueling, and MRO contractors across MENA airports. Comparable to GSAS's aviation fuel station installation, GSE MRO, and airport service offerings.
• Jordan Solar Energy Society (JSES) / local Jordanian EPC contractors: Regional Jordanian solar EPC and MEP contractors competing for the same utility, commercial, and industrial renewable energy projects that Green Source Investment and GSC pursue.

Direct peers

• Kawar Energy: Jordan-based solar EPC and renewable energy solutions provider serving commercial, industrial, and utility clients. Closest direct peer to GSH's Green Source Investment, competing in the same Jordanian solar EPC market.
• Advanced Electronics Company (AEC) / regional IT systems integrators: MENA-based IT solutions providers and systems integrators partnering with Microsoft, Oracle, and Huawei. Comparable to Ready Tech's enterprise IT licensing and integration business across the region.

Emerging players

• ADNOC Distribution / ENBD MENA carbon credit platforms: Emerging regional carbon credit developers and offset platforms in the GCC. Comparable to Juman Co. as MENA-based carbon asset developers, though typically backed by larger state-aligned entities.

Others

• Oriental Weavers / similar MENA holding groups: Diversified family-controlled MENA holding groups managing multiple operating subsidiaries across unrelated sectors. Comparable corporate governance archetype to GSH Holding's family-controlled multi-subsidiary structure, though in different industries.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/gsh-holding

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 records

Subsidiaries6 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 GSH Holding