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MarketScreener Homepage  >  Equities  >  Toronto Stock Exchange  >  SNC-Lavalin Group Inc.    SNC   CA78460T1057

SNC-LAVALIN GROUP INC.

(SNC)
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SNC Lavalin : awarded lead design contract for Six Flags Qiddiya theme park in Saudi Arabia

10/27/2020 | 06:46am EST

MONTREAL, Oct. 27, 2020 /CNW Telbec/ - SNC-Lavalin has been awarded the lead design consultant services contract from Qiddiya Investment Company (QIC) for the Six Flags Qiddiya theme park project – located within Qiddiya, south-west of Riyadh, the capital of Saudi Arabia.

Under the three-year contract, the Company will provide integrated lead design consultant, construction supervision, and cost management services. The scope of work includes public realm and necessary infrastructure within the plot area along with validation of the pre-concept design, as well as the development of sustainability and environmental assessment methods, design criteria, and standards of the project.

Six Flags Qiddiya is scheduled for opening during the first phase of Qiddiya – the Kingdom's Capital of Entertainment, Sports and the Arts. The park will stretch across 32 hectares (79 acres) and feature 28 uniquely themed rides and attractions across six lands: The City of Thrills, Discovery Springs, Steam Town, Twilight Gardens, Valley of Fortune and Grand Exposition. The theme park will provide recreational and professional opportunities to the Saudi population and boast several record-breaking attractions including The Falcon's Flight, the longest, tallest and fastest roller coaster in the world.

"This win is a testament to our proven track record for delivering flagship projects worldwide, and market-focused approach to a dynamic and sustainable business growth in the Middle East," said Philip Hoare, President of Atkins, Engineering, Design and Project Management, SNC-Lavalin. "We are proud to work with Qiddiya on this one-of-a-kind project that supports Saudi Arabia's Vision 2030 and the acceleration of the country's economic diversification agenda."

Qiddiya Investment Company (QIC) is driving the development of Qiddiya – home of the most innovative and disruptive experiences in Entertainment, Sports and the Arts in Saudi Arabia. As a core tenet of Vision 2030, Qiddiya has a dual economic and social purpose: to advance economic diversification and unlock new professional pathways while enriching lives of the youth in the Kingdom.

The Company's relationship with Qiddiya began in 2019 when it began providing master planning and infrastructure engineering services for the destination-resort community.  

About SNC-Lavalin
Founded in 1911, SNC-Lavalin is a fully integrated professional services and project management company with offices around the world. SNC-Lavalin connects people, technology and data to help shape and deliver world-leading concepts and projects, while offering comprehensive innovative solutions across the asset lifecycle. Our expertise is wide-ranging — consulting & advisory, intelligent networks & cybersecurity, design & engineering, procurement, project & construction management, operations & maintenance, decommissioning and sustaining capital – and delivered to clients in four strategic sectors: EDPM (engineering, design and project management), Infrastructure, Nuclear and Resources, supported by Capital. People. Drive. Results. www.snclavalin.com

SOURCE SNC-Lavalin

© Canada Newswire, source Canada Newswire English

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Financials
Sales 2020 8 272 M 6 363 M 6 363 M
Net income 2020 -239 M -184 M -184 M
Net Debt 2020 1 151 M 886 M 886 M
P/E ratio 2020 -19,2x
Yield 2020 0,33%
Capitalization 4 299 M 3 312 M 3 307 M
EV / Sales 2020 0,66x
EV / Sales 2021 0,59x
Nbr of Employees 46 490
Free-Float 100,0%
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Mean consensus BUY
Number of Analysts 14
Average target price 32,29 CAD
Last Close Price 24,49 CAD
Spread / Highest target 67,4%
Spread / Average Target 31,8%
Spread / Lowest Target -6,08%
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NameTitle
Ian L. Edwards President, Chief Executive Officer & Director
Bill L. Young Chairman
Jeffrey Allan Bell Chief Financial Officer
Steven Leon Newman Independent Director
Jean Raby Independent Director
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