10.03 PM Tuesday, 27 February 2024
  • City Fajr Shuruq Duhr Asr Magrib Isha
  • Dubai 05:27 06:40 12:34 15:52 18:23 19:37
27 February 2024

CH2M Hill partners with Saudi's Olayan

By Reuters

Engineering giant CH2M Hill has teamed up with Saudi Olayan Group to bid for a growing number of building projects in the country, where the government is spending $400 billion in five years.

Colorado-based CH2M Hill hopes that this partnership will help it to win projects in water desalination and power plants, said Lee McIntire, its CEO.

"We need to be local. It is very much in our strategic interest. The timing is good," McIntire said in Riyadh. "Projects are getting bigger and bigger in Saudi Arabia."

Saudi Electricity Company plans to spend SR300bn (Dh293bn) to add a total of 20,000 megawatts through 2018.


Keep up with the latest business news from the region with the Emirates Business 24|7 daily newsletter. To subscribe to the newsletter, please click here.