HOUSTON -- Mustang International is set to acquire a majority interest in Al-Hejailan Consultants' business through a newly established joint venture, Mustang Al-Hejailan Engineering.
Al-Hejailan Consultants will retain the remaining interest. Following completion of the transaction later this year, the new venture will provide engineering and project management services to Saudi Arabia's oil & gas and chemical industries.
“The formation of Mustang Al-Hejailan Engineering gives us the opportunity to create a world-class international engineering capability in Saudi,” says Steve Knowles, president of Mustang.
“We look forward to this strategic combination…which will enable us to deliver a sustainable project management, engineering, procurement, and construction management (EPCM) business in Saudi Arabia.”
The joint venture expands Mustang's presence in the Middle East region, following the establishment of an office in Abu Dhabi earlier this year.
Al-Hejailan Consultants, based in Al-Khobar, provides engineering and project management consultancy services to a wide range of markets, including oil & gas, petrochemical, infrastructure, and power within Saudi Arabia. The company employs a multi-disciplinary staff of 150 personnel, including engineers, project managers, designers, schedulers and other engineering support, and is a general engineering services (GES) contractor to Saudi Aramco.
Mustang forms Saudi joint venture
Mustang International is set to acquire a majority interest in Al-Hejailan Consultants' business through a newly established joint venture, Mustang Al-Hejailan Engineering.