About Timeline – ALGIHAZ HOLDING

1975

Algihaz is founded by Saeed Ali Al-Angari as a small contracting firm.

Algihaz opens the first office in Al Baha City.

1985

SELCO is established as a manufacturer for switchgear and control gear.

1987

Algihaz opens its Headquarter Building in Al Oruba Street in Riyadh.

1997

Algihaz’s first mega project, Tabuk Substation, commences in July 1997 and is completed in September 1999. The project value is SAR 75,000,000.

2006

SEP is established as a manufacturer for electric panels.

2007

Algihaz opens first office outside Saudi Arabia in Cairo.

2008

Algihaz partners with Modelcraft (now Craft), an Australian company specializing in architectural model making.

2011

Belectric Gulf, specializing in the construction of solar power plants, is established with an office in Masdar City, Abu Dhabi.

2013

For Aramco, Algihaz commences power transmission upgrades for their South Sea Oil production from single circuit to double circuit in 36 locations within the Ghawar region. The project is completed in December 2018 with a value of SAR 532,000,000.

2014

Algihaz is awarded the construction of the largest substation in Saudi Arabia and the MENA region, Tabuk 380KV. The project value SAR 706 million.

2015

380 KV Mashair substation in Makkah is completed as the safest substation constructed with 2 million zero accident hours.

2016

King Faisal Hospital substation, the fastest substation construction in Saudi Arabia, is completed within 14 months.

2017

Algihaz Holding Investment Company is formed.

Algihaz signs an EPC contract with Teqnia Energy to build Layla, the first utility-scale PV plant in Saudi Arabia.

The first female manager is employed at Algihaz Holding. Females now make up 6% of the workforce

2018

Algihaz Holding is named best contractor in the Southern region for health & safety by Saudi Electrical Company

2019

Phase 1 of Layla, extending across 720,000 sqm and with a production capacity of 10MW, is completed.

Algihaz Holding opens office in Bahrain.

Algihaz Holding invests in Winch Energy alongside Total EREN, Winch Energy Partners and Itochu.

Algihaz records a total of SAR 4 billion in project backlog.

Algihaz Holding invests in Syvash Wind Farm in Ukraine with Total EREN and NBT.

2020

Artificial Intelligence Global Company, a company specializing in next generation digital solutions, is formed. The office opens in Al Khobar with 15 employees.

2021

Algihaz Holding opens Dubai office.

Algihaz holds a 30% share in the first PV project in Saudi Arabia. The Sakaka Project is an investment alongside ACWA Power.

Algihaz acquires Enshore Subsea, a UK subsea trenching company, specializing in seabed intervention services for mega-projects around the world.

Nexus Gulf Healthcare, the first healthcare investment for Algihaz Holding is created.

Algihaz Holding opens a new Headquarters building in the Al Diriyah district of Riyadh.

Today

With 20 billion SAR projects under investment, Algihaz Holding is a strategic investment group with 12 offices in Saudi Arabia and internationally, employing more than 2,800 people from all over the world.