MONTREAL, July 26, 2012 /CNW Telbec/ - 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.
"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.
SOURCE SNC-LAVALIN