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SNC-Lavalin (TSX:SNC) secures delivery partner role for THE LINE at NEOM in Saudi Arabia

Shoran Devi, The Market Herald
0 Comments| February 15, 2023

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  • SNC-Lavalin (SNC) has been appointed as a Delivery Partner organization for THE LINE at NEOM in the Kingdom of Saudi Arabia
  • THE LINE is a civilizational revolution, linear development that will have no roads, cars, or carbon emissions
  • SNC-Lavalin is a professional services and project management company
  • SNC-Lavalin Group Inc. (SNC) is down 0.58 per cent, trading at C$29.11 per share at 11:41 am ET

SNC-Lavalin (SNC) has been appointed as a delivery partner organization for THE LINE at NEOM in the Kingdom of Saudi Arabia.

THE LINE is a civilizational revolution, linear development that will have no roads, cars, or carbon emissions. Once completed, it will be a 170-kilometre long and 200 meters wide cognitive city run on 100 per cent clean energy.

SNC-Lavalin received a five-year contract under a framework agreement for consultancy services on THE LINE. In collaboration with NEOM and other Delivery Partner organizations, SNC-Lavalin will provide project and construction management consultancy services. It will include services for the design, procurement, construction, testing and commissioning of the project, together with the management of the critical interfaces that the linear city shares with adjacent NEOM projects and logistics.

Philip Hoare, President, Engineering Services, UK & Europe, Middle East, India and Canada, at SNC-Lavalin, commented on the news.

“THE LINE is a truly ground-breaking, world-first project. We are proud to have the opportunity to bring our global engineering, digital and Net Zero expertise to help create a lasting legacy for the Kingdom and its people. As a Delivery Partner organization, we will work closely with NEOM and our partners to seamlessly connect people, data and technology to drive innovation, value, efficiency and certainty on the project.”

Globally, SNC-Lavalin has developed the ‘Engineering Net Zero’ (ENZ) program. It focuses on leading the engineering industry to achieve Net Zero Carbon as rapidly as possible by helping clients manage climate risks and build climate resilience.

SNC-Lavalin is a professional services and project management company.

SNC-Lavalin Group Inc. (SNC) is down 0.58 per cent, trading at C$29.11 per share at 11:41 am ET.




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