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Foster Wheeler subsidiary Global Engineering & Construction Group in Saudi Arabia has teamed up with A Al Saihati, O Al Othman and A Fattani Consulting Engineering Company (Sofcon), a provider of engineering and project management solutions, to form a joint venture (JV) in the Kingdom. The terms of the agreement were not disclosed.
The new entity, Foster Wheeler Sofcon Consulting Engineering Company, will be based in the city of Al Khobar.
"The formation of this new company demonstrates the ongoing commitment of our two companies in working together to deliver successful projects in Saudi Arabia and the provision of high quality services and expertise from a local base," said Umberto della Sala, president and chief operating officer, Foster Wheeler.
The JV will focus on providing full-service engineering and project management services for onshore and offshore oil and gas, refining, petrochemicals and associated infrastructure projects in Saudi Arabia.
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"It is our goal to make Foster Wheeler Sofcon the leading full-service engineering and project management provider in Saudi Arabia, delivering professional and competitive services in front-end engineering, detailed engineering, procurement, construction and project management. The new entity will bring an enhanced value proposition in the development of the local economy and capabilities," said Ala'a Fattani, president and chief executive officer, Sofcon.
Foster Wheeler is an engineering, construction and project management contractor along with being a power equipment supplier.
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FEATURED COMMENT
Good news for the Spanish Speaking communities of Ecuador, Puerto Rico, Nicaragua and Panama... Cheaper on SOFCON than A