SNC-Lavalin (TSX: SNC) is pleased to announce that it has been awarded a 10-year contract to operate and maintain the King Abdullah Petroleum Studies and Research Center (KAPSARC) project located in Riyadh, Kingdom of Saudi Arabia. The estimated value of this contract is $135 million.

With a mandate to conduct high-calibre research in energy economics, policy, technology, and the environment, the KAPSARC project consists of three major components: a 65,000 m2 research and office complex, a residential community that will accommodate approximately 1,000 residents, and a utility zone to serve them. This zone consists of a central utility plant with a 5-MW photovoltaic array, water storage tanks, a chilled water plant, a site operations and maintenance building, and transportation operations.

SNC-Lavalin will provide integrated facility and community management services to the project.

“We are delighted by the opportunity to be involved in such a state-of-the-art facility,” said Charlie Rate, Executive Vice-President, SNC-Lavalin Group Inc. “We continue to solidify our footprint in the Kingdom of Saudi Arabia, a key market for our business.”