JEDDAH/ MONTREAL — SNC-Lavalin’s joint-venture partner in Saudi Arabia has acquired the industrial division of one of the country’s largest industrial engineering groups.



The move comes just two months after SNC signed a five-year contract with Saudi Aramco to provide general engineering and project management services, Montreal Gazette said Friday.



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.



SNC-Lavalin Fayez Engineering (SLFE) has acquired the industrial division of Zuhair Fayex Partnership for $40 million, Montreal-based SNC said Thursday.



The move comes as SLFE prepares to bid on engineering contracts that include on- and offshore oil and gas production and processing, infrastructure projects and refining and petrochemical facilities.



SNC has 24,000 employees in 100 countries, with offices in over 40 countries. It is one of the biggest engineering and construction companies in the world and a major player in the ownership of infrastructure and in operations and maintenance services. — SG/Agencies