Global consulting firm Egis has entered into a definitive agreement to acquire Omrania, a Saudi architectural and engineering consultancy for an undisclosed amount.
Headquartered in the capital city Riyadh, Omrania, has over 50 years’ of experience in creating places of lasting value and improving lives through design, Egis wrote in a statement posted on its website.
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, the statement noted.
Following the acquisition, Omrania’s management and operations will continue uninterrupted and the company will continue to serve clients in the same reliable manner as always, building on its record of excellence, Omrania said in a statement.
As a result of the acquisition, the number of people employed by Egis in the Middle East region is likely to grow by over 700 to touch 3,000 mark.
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.
Egis claims that it is going to play 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.
Commenting on the development, Laurent Germain, CEO of Egis Group, said, “With the addition of Omrania, Egis will create a true leadership position in high-end design and architecture services in Saudi Arabia.
He said, “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
Founded in 1973, Omrania built a strong reputation for its integrated and interdisciplinary approach to architecture, master planning, urban design, landscape and engineering services.
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 recognised with industry international awards, including the prestigious Aga Khan Award for Architecture.
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.