August 20, 2012

SNC-Lavalin lands $135 million Saudi contract

Engineering and construction giant SNC-Lavalin announced its second contract in Saudi Arabia in about a week, a 10-year services contract valued at $135 million.

The Montreal-based company will operate and maintain the King Abdullah Petroleum Studies and Research Center project located in Riyadh.

The project will conduct research in energy economics, technology and the environment.

The centre will include a research and office complex, residential accommodations for 1,000 students and supporting infrastructure for energy, chilled water plant, transportation and maintenance.

SNC-Lavalin said it will provide integrated facility and community management services to the project.

“We are delighted by the opportunity to be involved in such a state-of-the-art facility,” said SNC executive vice-president Charlie Rate.

The project is the first Leadership in Energy and Environmental Design (LEED) certification outside of North America, and the largest residential development project to earn the certification in the world.

Earlier this month, SNC announced a $92 million district cooling contract in the Saudi city of Mecca, site of an annual Islamic pilgrimage that attracts Muslims from around the world

District cooling uses a central plant to chill water that is then distributed to several other buildings that use the water to cool themselves before the water is returned to the central plant.

SNC-Lavalin also announced the hiring of American executive Robert Card as chief executive, effective Oct. 1.

News from © Canadian Press Enterprises Inc., 2012

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