SNC-Lavalin and joint venture partners acquire engineering division in Saudi Arabia and commence Saudi Aramco GES+ contract
July 26 2012 - 8:00AM
PR Newswire (Canada)
MONTREAL, July 26, 2012 /CNW Telbec/ - SNC-Lavalin is pleased to
announce that SNC-Lavalin Fayez Engineering (SLFE), an engineering
consultancy joint venture between SNC-Lavalin and its local
partners, recently acquired the industrial division of Zuhair Fayez
Partnership, a well-respected Saudi Arabian engineering consulting
company. SLFE was formed partly in response to Saudi Aramco's
General Engineering Services Plus (GES+) initiative, which aims to
develop engineering capabilities in the Kingdom. Under the GES+
initiative, SLFE will be invited to bid on front-end engineering
and select detailed engineering services contracts to support the
implementation of Saudi Aramco's capital program. Projects will
include both on- and offshore oil and gas production and processing
facilities, infrastructure projects, as well as refining and
petrochemical facilities. SLFE has commenced work on engineering
services mandates for the GES+ initiative, all of which were
competitively bid in-Kingdom by four Saudi Aramco-qualified GES+
contractors. The work is being executed out of SLFE's head offices
located in Al-Khobar, Saudi Arabia. "Saudi Aramco has been a valued
client of ours for close to 20 years," said Andy Mackintosh,
Executive Vice-President, SNC-Lavalin Group Inc. "We are honoured
to have this opportunity to further our relationship, and
contribute to the Kingdom's program to increase local expertise and
employment. We are delighted by the confidence Saudi Aramco has
shown in our technical expertise, systems and project management
capability. We are looking forward to working collaboratively
under this new long-term agreement to help Saudi Aramco achieve the
objectives set out under the GES+ contract." SNC-Lavalin is one of
the leading engineering and construction groups in the world and a
major player in the ownership of infrastructure, and in the
provision of operations and maintenance services. SNC-Lavalin has
offices across Canada and in over 40 other countries around the
world, and is currently working in some 100 countries.
www.snclavalin.com. SNC-LAVALIN CONTACT: Media:Leslie QuintonSenior
Vice-President, Global CorporateCommunicationsSNC-Lavalin Group
Inc.514-390-8000, ext.
7354leslie.quinton@snclavalin.comInvestors:Denis
JasminVice-President, Investor RelationsSNC-Lavalin Group
Inc.514-390-8000, ext. 7553denis.jasmin@snclavalin.com
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