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Last updateSun, 04 Feb 2024 4am

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SNC-LAVALIN and JV Partners acquire Engineering Division in Saudi Arabia

SNC-Lavalin (TSX: SNC) 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.

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