SNC-Lavalin wins $135M Saudi project management deal
Montreal-based firm will operate, maintain King Abdullah Petroleum Studies and Research Center
MONTREAL: SNC-Lavalin has been awarded a 10-year, $135-million contract to operate and maintain the King Abdullah Petroleum Studies and Research Center (KAPSARC) project located in Riyadh, Kingdom of Saudi Arabia.
With a mandate to conduct high-calibre research in energy economics, policy, technology and the environment, the KAPSARC project consists of three major components: a 65,000-square metre research and office complex; a residential community that will accommodate approximately 1,000 residents; and a utility zone to serve them.
This zone consists of a central utility plant with a five-megawatt photovoltaic array, water storage tanks, a chilled water plant, a site operations and maintenance building and transportation operations.
SNC-Lavalin will provide integrated facility and community management services to the project.
KAPSARC received the first Leadership in Energy and Environmental Design (LEED) for Homes certification outside of North America, according to SNC-Lavalin, and is the largest residential development project to earn the certification in the world.