Saudi Press

Saudi Arabia and the world
Monday, Mar 20, 2023

Egis to acquire Omrania creating a leadership position in engineering and architecture consultancy in Saudi Arabia

Egis to acquire Omrania creating a leadership position in engineering and architecture consultancy in Saudi Arabia

Egis Group, the leading international multidisciplinary engineering, consulting and operations firm announced that it has entered into a definitive agreement to acquire Omrania, a Saudi architectural and engineering consultancy.
Omrania is headquartered in Riyadh, with 50 years’ of experience in creating places of lasting value and improving lives through design. The acquisition marks a significant step forward for both firms with strong geographic and business alignment, creating an opportunity to leverage their joint footprint and client base to reach significant scale in Saudi Arabia, and reinforces their combined position in helping achieve the country’s 2030 vision.

Founded in 1973, Omrania built a strong reputation for its integrated and interdisciplinary approach to architecture, master planning, urban design, landscape and engineering services. Through its work with government entities, cultural institutions, the private sector, and other organizations, Omrania offers its clients comprehensive design services from conceptual studies to design development and construction site supervision.

Laurent Germain, Group CEO of Egis, said: "With the addition of Omrania, Egis will create a true leadership position in high-end design and architecture services in Saudi Arabia. Together with Omrania’ s team, we have a shared vision to design sustainable and contextual environments that enrich the quality of everyday life. Egis looks forward to welcoming Omrania’s employees and joining forces with such a well-respected, Saudi grown architectural and engineering consulting name.”

Omrania participated in numerous landmark projects throughout Saudi Arabia, including the Tuwaiq Palace, Kingdom Tower, King Abdulaziz Cultural Center, King Salman Park, multiple Ministry of Housing projects and the iconic Public Investment Fund (PIF) Tower. Omrania’s work on such projects has been widely recognized with industry international awards, including the prestigious Aga Khan Award for Architecture.

Basem Al-Shihabi, Founder and Managing Partner of Omrania, commented: "On our 50th anniversary, we are tremendously excited to join forces with Egis, fulfilling our dreams of perpetuity, and joining forces with Egis who are leaders in the field, where our combined expertise will allow us to deliver world-class architecture and engineering design projects. Egis and Omrania have been working together since 2013 and this step will surely bring together the best that both offer to our clients and ourselves.

With the addition of over 700 professionals from Omrania, Egis in the Middle East region is expected to grow to over 3,000 people. In November last year, Egis announced the agreement to acquire the innovative, multidisciplinary design practice, U+A, headquartered in Dubai. In December, Egis in the Middle East was awarded the prestigious Multi-Discipline Consulting Company of the Year 2022, by the Middle East Consultants Awards.

Alaa Abusiam, CEO of Egis in the Middle East and South Asia added: “Omrania’s deep knowledge of the local market and their innovative approach to engineering, landscape and architecture will support the rapid expansion of Egis as a partner of choice to our clients in Saudi Arabia, incorporating the notions of sustainable development into each of our projects. We look forward to working with Omrania to meaningfully expand the opportunities for our joint teams to grow, and to continue to win and execute transformational projects for our clients.”

Egis plays a significant role in some of the Saudi Arabia’s most iconic projects by working with distinguished clients that include The Royal Commission of Riyadh City (RCRC), NEOM, SEVEN, Qiddiya Investment Company, Diriyah Gate Development Authority, Red Sea Global, Soudah Development, The Royal Commission of AlUla (RCU), Saudi Downtown Company, Saudi Railway Company, Riyadh Airports, and others.

The transaction, which is expected to close in the first half of 2023, is subject to the satisfaction of customary closing conditions, including regulatory approvals.

Related Articles

Saudi Press
Goldman Sachs cuts outlook for European bank debt over Credit Suisse crisis
Paris Rioting vs Macron anti democratic law
Credit Suisse to borrow $54 billion from Swiss central bank
Russian Hackers Preparing New Cyber Assault Against Ukraine
"Will Fly Wherever International Law Allows": US Warns Russia After Drone Incident
If this was in Tehran, Moscow or Hong Kong
Announcing GPT-4
TRUMP: "Standing before you today, I am the only candidate who can make this promise: I will prevent World War III."
China is calling out the US, UK, and Australia on their submarine pact, claiming they are going further down a dangerous road
A brief banking situation report
We are witnessing widespread bank fails and the president just gave a 5 min speech then walked off camera.
Donald Trump's asked by Tucker Carlson question on if the U.S. should support regime change in Russia?.
Good news: The U.S. government is now guaranteeing all deposits, held by, Silicon Valley Bank, and the funds are available as of today
Silicon Valley Bank exec was Lehman Brothers CFO
Saudi Arabia has announced a major breakthrough in diplomacy with Iran after two years of intense talks
A Mississippian man, who was once considered a “ticking time bomb,” has lost a whopping 165 kilograms! What motivated this incredible transformation?
Elon Musk Is Planning To Build A Town In Texas For His Employees
The Silicon Valley Bank’s collapse effect is spreading around the world, affecting startup companies across the globe
Market Chaos as USDC Loses Peg to USD after $3.3 Billion Reserves Held by Silicon Valley Bank Closed.
Barcelona is feeling the heat as they face corruption charges over payments to former vice-president of Spain's referees' committee, Jose Maria Enriquez Negreira
Banking regulators close SVB, the largest bank failure since the financial crisis
Watch: “They are wounded but unbowed, unbreakable.”
Silicon Valley Bank: Struggles Threaten Tech Startup Ecosystem"
The unelected UK Prime Minister Rishi Sunak, an immigrant himself, defends new controversial crackdown on illegal migration
Old clip of Bill Gates saying Ukraine is a big, fat, corrupt sinkhole is going viral
Saudi Arabia To Introduce Yoga In Universities
Middle East real estate market to see strong growth in 2023, predicts CBRE.
In a major snub to Downing Street's Silicon Valley dreams, UK chip giant Arm has dealt a serious blow to the government's economic strategy by opting for a US listing
Saudi Aramco, the energy giant, has acquired Valvoline Inc., a US-based oil company, for $2.65 billion
How do stolen goods end up on Amazon, eBay and Facebook Marketplace?
It's the question on everyone's lips: could a four-day workweek be the future of employment?
Is Gold the Ultimate Safe Haven Asset in Times of Uncertainty?
Spain officials quit over trains that were too wide for tunnels...
Hello. Here is our news digest from London.
Corruption and Influence Buying Uncovered in International Mainstream Media: Investigation Reveals Growing Disinformation Mercenaries
When it comes to Tesla vs Lamborghini, an empty vessel makes more noise
European MP Clare Daly condemns US attack on Nord Stream
Former U.S. President Carter will spend his remaining time at home and receive hospice care instead of medication
North Korea test-fires an intercontinental ballistic missile into the Sea of Japan west of Hokkaido
Tucker Carlson called Trump a 'demonic force'
US bombed Nord Stream gas pipelines, claims investigative journalist Seymour Hersh
Sheikh Jassim Bin Hamad Al Thani bid in for 100% of Manchester United
US Joins 15 NATO Nations in Largest Space Data Collection Initiative in History
White House: No ETs over the United States
Saray Street in Hatay-Antakya before and after the earthquake
U.S. Jet Shoots Down Flying Object Over Canada
Nord Stream terror attack: David Sacks breaks down Sy Hersh's story
Being a Tiktoker might be expensive…
Miracle: El Salvador Search and Rescue teams, with the support of Turkish teams, rescued a woman and a child from the rubble 150 hours after the earthquake
SpaceX, the private space exploration company, made a significant breakthrough in their mission to reach space.