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SNC SNC Lavalin Group Inc

43.49
0.00 (0.00%)
Last Updated: 01:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type
SNC Lavalin Group Inc TSX:SNC Toronto Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 43.49 43.31 43.57 0 01:00:00

SNC-LAVALIN AWARDED GES+ CONTRACT IN SAUDI ARABIA

04/05/2011 3:21pm

PR Newswire (Canada)


SNC Lavalin (TSX:SNC)
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MONTREAL, May 4, 2011 /CNW/ -- MONTREAL, May 4, 2011 /CNW Telbec/ - SNC-Lavalin (TSX: SNC) is pleased to announce that it has been selected, together with its local Saudi Arabian 50/50 joint venture partner, The Zuhair Fayez Partnership, by the Kingdom of Saudi Arabia's state-owned oil company, Saudi Aramco, to perform general engineering and project management services (GES+) under a five-year reimbursable contract. Under the contract, SNC-Lavalin and The Zuhair Fayez Partnership will perform Front-End Engineering & Design (FEED) and select detailed engineering, as well as project management services to support the execution of Saudi Aramco's capital program. These projects include oil and gas production and processing facilities, both on and offshore, infrastructure projects, refining and petrochemical facilities. This work will be executed out of the Joint Venture offices in Al-Khobar, Saudi Arabia. "Saudi Aramco has been a valued client of ours for over 15 years and we are delighted to have this opportunity to further reinforce our relationship with them, and to contribute to the Kingdom's localization program to increase expertise and employment in Saudi Arabia," said Jean Beaudoin, Executive Vice-President, SNC-Lavalin Group Inc. "We are proud of the confidence they have shown in SNC-Lavalin's technical expertise and are looking forward to working with them under this long term contract." SNC-Lavalin is one of the leading engineering and construction groups in the world and a major player in the ownership of infrastructure, and in the provision of operations and maintenance services. SNC-Lavalin has offices across Canada and in over 35 other countries around the world, and is currently working in some 100 countries. In business since 1911, the Company celebrates its 100(th) anniversary in 2011. www.snclavalin.com.   To view this news release in HTML formatting, please use the following URL: http://www.cnw.ca/en/releases/archive/May2011/04/c9252.html table border="1" cellspacing="0" class="cnwBorderedTable" tr valign="top" td align="left" Media /td td valign="top" align="left" Investors /td /tr tr valign="top" td align="left" Leslie Quintonbr/ Vice-President, Global Corporate Communicationsbr/ SNC-Lavalin Group Inc.br/ 514-393-8000, ext. 7354br/ a href="http://www.snclavalin.com/"leslie.quinton@snclavalin.com/a /td td valign="top" align="left" Denis Jasminbr/ Vice-President, Investor Relationsbr/ SNC-Lavalin Group Inc.br/ 514-393-8000, ext. 7553br/ a href="http://www.snclavalin.com/"denis.jasmin@snclavalin./aa href="mailto:denis.jasmin@snclavalin.com"com/a /td /tr /table p   /p

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