Foster Wheeler in JV to form Saudi firm
Foster Wheeler has announced recently that a subsidiary of its Global Engineering and Construction Group has signed a joint venture agreement to form a jointly-owned Saudi Arabian entity with Al-Saihati, A Fattani and Al Othman Consulting Engineering Company (Sofcon) in Saudi Arabia. The terms of the agreement were not disclosed.
The new entity, Foster Wheeler Sofcon Consulting Engineering Company, is planned as a regional engineering hub and will be based in the city of Al Khobar, according. The entity will focus on providing full-service engineering and project management services for oil and gas, refining, petrochemicals and associated infrastructure projects.
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