18:02:56 EDT Tue 14 May 2024
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SNC-Lavalin Group Inc
Symbol ATRL
Shares Issued 175,554,252
Close 2023-12-19 C$ 42.30
Market Cap C$ 7,425,944,860
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SNC-Lavalin Group to design modern downtown Riyadh

2023-12-20 09:12 ET - News Release

Mr. Ian Edwards reports

NEW MURABBA APPOINTS ATKINSREALIS TO MASTERPLAN THE WORLD'S LARGEST MODERN DOWNTOWN IN RIYADH, SAUDI ARABIA

The New Murabba Development Company (NMDC), a fully owned subsidiary of the Public Investment Fund (PIF), Saudi Arabia, has appointed AtkinsRealis (SNC-Lavalin Group Inc.) to support the design of the New Murabba master plan, the world's largest modern downtown in Riyadh, and the Mukaab, an immersive destination that will revolutionize the way in which people experience hospitality, retail and leisure.

A signing ceremony, attended by Sabah Barakat, acting chief executive officer, New Murabba Development Company, and Campbell Gray, CEO of AtkinsRealis, Middle East and Africa, was held to mark this milestone and celebrate the continuing support to deliver Riyadh's new iconic destination.

Mr. Barakat, acting CEO, New Murabba Development Company, commented: "We are proud to recognize the important role that AtkinsRealis has played so far in the translation of the incredible vision of this project into the design of the master plan and the iconic Mukaab building. We're also pleased to recognize the ongoing involvement of AtkinsRealis in this project through a series of recent contract awards relating to the further detailing and definition of the overall New Murabba master plan and infrastructure design, as well as the concept design of the iconic Mukaab building."

"As a world-leading engineering, design and project management organization, we believe that by connecting people, data and technology across our projects, transformational change to shape a better future for our planet is possible," said Ian L. Edwards, president and chief executive officer, AtkinsRealis. "The New Murabba is set to redefine how we live, work and play in a sustainable manner that will boost the country's socio-economic development drive. We are proud to support NMDC with this innovative destination, realizing a brilliant vision and building a long-lasting legacy for Saudi Arabia and its future generations."

After successfully winning the international architectural and master planning competition for Riyadh's new icon, AtkinsRealis will provide its world-class advisory, architecture, master planning and engineering services to deliver this groundbreaking project, a cornerstone to the visionary reinvention of the kingdom's capital city. Contributing to the city's future development in line with the Saudi Vision 2030, the New Murabba master plan is inspired by Riyadh's original balance with nature, and its design is focused on a data-driven approach to sustainability, user convenience, reduction in the need for transport, walkability and people-centric design of its public realm.

"The New Murabba is a visionary project and we are proud to have the opportunity to bring our global excellence and end-to-end capabilities, underpinned by digital expertise and holistic sustainable solutions, to help deliver this architectural and engineering marvel," said Philip Hoare, president, engineering services, AtkinsRealis. "We are committed to supporting the kingdom's continuous growth and building its local talent of the future. This iconic landmark will provide great career opportunities, where the brightest minds can unleash their full potential and help engineer a better future for Saudi Arabia."

AtkinsRealis's competition-winning scheme is inspired by Najdi architecture, with a focus on creating a futuristic landmark with deep contextual roots that blends Riyadh's cultural heritage with its future ambitions. The Mukaab, which means cube in Arabic, will be the world's largest immersive destination providing innovative experiences driven by digital and virtual technology. The Mukaab's exterior envelop shrouds an internal skyscraper, which will be one of the largest built structures in the world's history, standing 400 metres high, 400 metres wide and 400 metres long. The design of the Mukaab will also include first-of-its-kind hospitality, food and beverage, and retail facilities.

About SNC-Lavalin Group Inc.

Created by the integration of long-standing organizations dating back to 1911, AtkinsRealis is a world-leading professional services and project management company dedicated to engineering a better future for the planet and its people. The company creates sustainable solutions that connect people, data and technology to transform the world's infrastructure and energy systems. It deploys global capabilities locally to its clients and delivers unique end-to-end services across the whole life cycle of an asset, including consulting, advisory and environmental services, intelligent networks and cybersecurity, design and engineering, procurement, project and construction management, operations and maintenance, decommissioning, and capital. The breadth and depth of the company's capabilities are delivered to clients in key strategic sectors such as engineering services, nuclear, operations and maintenance, and capital.

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