SNC-Lavalin signs $500mn contract in Saudi Arabia
Company also opens regional head office in Abu Dhabi
SNC-Lavalin Group Inc. has signed a $500mn contract with Ma’aden in Saudi Arabia.
The company has also announced the opening of its regional head office for the Middle East and Africa in Abu Dhabi.
The contract includes the engineering, procurement, construction, commissioning and start-up of a three line 15,150-metric-tonne-per-day sulphuric acid plant.
"With estimated GDP growth of over 5.6% per year until 2018, and with major projects in the infrastructure, oil and gas, mining and power sectors, the Middle East region offers significant development opportunities for SNC-Lavalin," said Robert G. Card, president and CEO of SNC-Lavalin Group Inc., during his visit to the Abu Dhabi office.
"This is a target region for the Group's activities, and the opening of this regional head office is an indication of our intention to expand our activities and make important contributions in this region."
The Middle East and Africa region contributes significantly to the business volume of the company's Mining & Metallurgy and Oil & Gas business units (18% and 25% respectively as of December 2012). As of December 2013, the company had more than 3,000 employees across the Middle East and Africa.
"The opening of this regional head office will allow us to strengthen our client relationships, expand our commercial opportunities and have the best business platform to deliver projects according to clients' expectations," said Christian Jacqui, executive vice-president of global operations at SNC-Lavalin Group Inc.
SNC-Lavalin has offices in Saudi Arabia, Qatar, South Africa, Morocco, Algeria, Tunisia and Libya.