Five international firms sign up to GES+ contracts.
A total of five foreign firms have now been signed on to Saudi Aramco and SABIC's GES+ initiative, geared towards increasing the local content of high added-value projects in Saudi Arabia.
Saudi Aramco has materialised the GES+ initiative by signing a contract with an engineering company that is in a joint venture with a Saudi engineering company and fulfils the GES+ requirements.
The foreign company must also present a plan to recruit, train and transfer expertise to Saudi engineers.
Jacobs Engineering was the first, acquiring 60% of Zamel & Turbag Consulting Engineers (ZATE) as far back as 2008 to establish Jacobs ZATE, which was then awarded a GES+ contract at Rabigh this May. Also participating:
SNC-Lavalin, in second, formed the joint venture SNC-Lavalin Fayez Engineering (SLFE), and this July acquired a Saudi engineering consultancy Zuhair Fayez Partnership to carry out detailed EPCMS work.
Kellogg, Brown & Root (KBR) acquired Abdulhadi and Al-Moaibed Consulting Engineering Co. (AMCDE) to form KBR-AMCDE, and is engaged on a five-year engineering contract running from 2011-2016 .
Foster Wheeler is in a consortium with Saihati, Fattani & Othman Consulting (SOFCON) and Saudi Consolidated Engineering - Khatib & Alami (SCEC K&A), has signed a GES+ contract for engineering and procurement work.
Mustang is working in a consortium with Faisal Jamel Al-Hejailan Engineering (now Mustang Hejailan), Dar Al-Riyadh Engineering Consultants (DAR) and Petro-Infrastructure Engineering (PI Consult)
Next up Saudi Aramco and SABIC intend to award a Front End Engineering and Design (FEED) contract for a Yanbu aromatics plant to one of these (GES+) qualified bidders, to be announced by the end of the year.
2012 ITP Business Publishing Ltd. All Rights Reserved.
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|Date:||Aug 30, 2012|
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