MONTREAL, Dec. 13, 2017 /CNW Telbec/ - SNC-Lavalin
(TSX: SNC) and Saudi Aramco today signed a Memorandum of
Understanding ("MoU") signalling SNC-Lavalin's continued commitment
to creating and accelerating opportunities for local workforces in
the Kingdom of Saudi Arabia.
The MoU supports Saudi Aramco's In-Kingdom Total Value Add
("IKTVA") program, which applies to Saudi Aramco suppliers and
drives the localization of oilfield services and equipment value
chain, to strengthen and diversify the Saudi economy; transfer
technologies, skill and knowledge through training and development;
and create thousands of new jobs for the growing Saudi
population.
Neil Bruce, President & Chief
Executive Officer of SNC-Lavalin, was present for the signing, and
said: "SNC-Lavalin has been operating in Saudi Arabia for over 40 years, with a clear
commitment to developing local talent and creating opportunities
for local supply chain. In recent years, our presence has
grown rapidly, in large part due to our ongoing Saudization efforts
and on ground presence."
"I am proud to sign the agreement today, which reflects our
long-term commitment to the region and our valued and trusted
relationship with Saudi Aramco, and gives a working platform to
accelerate our ongoing efforts to meet and exceed the objectives
set within the IKTVA initiative."
Christian Brown, President, Oil
& Gas, SNC-Lavalin, added: "Our work for Saudi Aramco is of
great importance to us; we have close to 10,000 team members
working in the country and putting in place such a framework around
iktva means we can continue to grow and execute additional scopes
on behalf of Saudi Aramco. Our presence, scale and experience in
the region mean we are well placed to implement this, and we see
strong demand for similar initiatives supporting economies and
social development in our active bidding."
About SNC-Lavalin
Founded in 1911, SNC-Lavalin is a global fully integrated
professional services and project management company and a major
player in the ownership of infrastructure. From offices around the
world, SNC-Lavalin's employees are proud to build what matters. Our
teams provide comprehensive end-to-end project solutions –
including capital investment, consulting, design, engineering,
construction, sustaining capital and operations and maintenance –
to clients in oil and gas, mining and metallurgy, infrastructure
and power. On July 3, 2017,
SNC-Lavalin acquired Atkins, one of the world's most respected
design, engineering and project management consultancies.
www.snclavalin.com
SOURCE SNC-Lavalin