Mustang rides into Saudi Arabian market
Local partner Al-Hejailan Engineering brings $11m cash injection
Mustang International, part of international energy services company John Wood Group, has agreed to acquire a majority interest in Al-Hejailan Consultants’ business through a newly established joint venture, Mustang Al-Hejailan Engineering. Al-Hejailan Consultants, which is injecting assets of approximately $11m, will retain the remaining interest. Upon completion later this year, Mustang Al-Hejailan Engineering will provide engineering and project management services to Saudi Arabia’s oil and 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 Arabia by adding highly experienced project management and engineering resources from Mustang to Al-Hejailan Consultants’ existing capability and excellent project delivery,” said Steve Knowles, president of Mustang. “We look forward to this strategic combination of staff and capabilities, which will enable us to deliver a sustainable project management, engineering, procurement, and construction management (EPCM) business in Saudi Arabia, home to the largest oil reserves in the world.”
Al-Hejailan Consultants, based in Al-Khobar, provides engineering and project management consultancy services to a wide range of markets, including oil and 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.
Faisal Al-Hejailan, president of Al-Hejailan Consultants, sees this new company as “an important opportunity to enhance our services in the Kingdom of Saudi Arabia through our association with Mustang and it is consistent with Aramco’s recently announced strategic plan for local GES contractors to partner with international companies. Our partnering with Mustang will also bring to Saudi Arabia a considerable engineering capability in the field of chemicals and petrochemicals to address future plans of Sabic and the Royal Commission in Jubail and Yanbu.”