SNC-Lavalin and Saudi Aramco Sign MoU Supporting in-country Opportunities

SNC-Lavalin and Saudi Aramco has signed a Memorandum of Understanding signalling SNC-Lavalin's continued commitment to creating and accelerating opportunities for local workforces in the Kingdom of Saudi Arabia.

The MoU supports Saudi Aramco's In-Kingdom Total Value Add ("IKTVA") program, which applies to Saudi Aramco suppliers and drives the localization of oilfield services and equipment value chain, to strengthen and diversify the Saudi economy; transfer technologies, skill and knowledge through training and development; and create thousands of new jobs for the growing Saudi population.

Christian Brown, President, Oil & Gas, SNC-Lavalin, added: "Our work for Saudi Aramco is of great importance to us; we have close to 10,000 team members working in the country and putting in place such a framework around iktva means we can continue to grow and execute additional scopes on behalf of Saudi Aramco. Our presence, scale and experience in the region mean we are well placed to implement this, and we see strong demand for similar initiatives supporting economies and social development in our active bidding."