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
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.
For further information:
Senior Vice-President, Global Corporate
SNC-Lavalin Group Inc.
514-390-8000, ext. 7354
Vice-President, Investor Relations
SNC-Lavalin Group Inc.
514-390-8000, ext. 7553