MONTREAL, June 23, 2015 /CNW Telbec/ - SNC-Lavalin (TSX: SNC) is pleased to announce that SNC-Lavalin ProFac Gulf Management, a joint venture comprised of SNC-Lavalin and Nasser Bin Khaled Al-Thani & Sons Holding Company (NBK), has been awarded a three-year total integrated facilities management contract plus two one-year options to extend by Msheireb Properties for its Msheireb Downtown Doha project in Qatar.
The scope of the contract includes operations management; contract management; finance and costs performance management; energy, water and environmental management and a variety of other services for the property, which will include more than 100 buildings with a combination of commercial and residential properties and retail, cultural and entertainment areas. The world's first sustainable downtown regeneration project, the QR20 billion development, spread across 31 hectares (76 acres), is aimed at revitalizing and preserving the historial centre of Doha.
The CEO of Msheireb Properties, Mr. Abdulla Hassan Al-Mehshadi said, "We are delighted to have awarded SNC-Lavalin the full project delivery across the entire Msheireb Downtown Doha development.
"We believe SLPGM has the needful experience to deliver a project that meets exceptional standards and we are looking forward to working with them"
"Through our partnership with SNC-Lavalin and with our strong presence in Qatar, we are offering Msheireb Properties NBK's proven expertise as a substantial property owner and developer. Our capabilities are further enhanced by SNC-Lavalin's expertise as one of the leading suppliers of Facilities Management services," said Sheikh Nawaf Nasser Al-Thani, Chairman and Chief Executive Officer, NBK Holding.
"By providing our solid technical skills and excellent customer service to Msheireb, we will help ensure that this cultural icon operates efficiently and effectively for the benefit and enjoyment of Doha's residents and visitors," said Charlie Rate, Executive Vice-President, Operations & Maintenance, SNC-Lavalin Group Inc.
"We are proud to play a key role in this sustainable landmark regeneration project that is central to the continued development of Qatar and that will preserve the historical downtown of Doha," said Ian L. Edwards, Executive Vice-President, Infrastructure Sector, SNC-Lavalin Group Inc.
Founded in 1911, SNC-Lavalin is one of the leading engineering and construction groups in the world and a major player in the ownership of infrastructure. From offices in over 50 countries, SNC-Lavalin's employees provide EPC and EPCM services to clients in a variety of industry sectors, including mining and metallurgy, oil and gas, environment and water, infrastructure and clean power. SNC-Lavalin can also combine these services with its financing and operations and maintenance capabilities to provide complete end-to-end project solutions. www.snclavalin.com
For further information:
Media: Louis-Antoine Paquin, Public Relations Manager, Global Corporate Communications, SNC-Lavalin Group Inc., 514-393-8000, ext. 54772, [email protected]; Investors: Denis Jasmin, Vice-President, Investor Relations, SNC-Lavalin Group Inc., 514-393-8000, ext. 57553, [email protected]