Omrania, an architecture and engineering firm with 50 years of expertise based in Riyadh, will join the Egis Group, a major international engineering, consulting, and operations organization.
In a move that signifies a major stride for both companies, the acquisition has opened up a promising avenue for them to capitalize on their shared presence and customer base, ultimately leading to substantial growth in Saudi Arabia. Moreover, this strategic move bolsters their collective position in supporting the realization of the nation's ambitious 2030 vision. In a significant development, Omrania and Egis have officially sealed a definitive agreement. The momentous occasion took place at the esteemed Ministry of Investment in Riyadh on March 8, 2023.
In a statement, Basem Al-Shihabi, Chairman of Omrania's Board of Directors, expressed great enthusiasm as the company celebrates its 50th anniversary and announces a significant collaboration with Egis. Al-Shihabi emphasized the fulfillment of their long-standing aspirations for perpetuity and the opportunity to join forces with Egis, renowned leaders in the industry. The merger aims to leverage the collective expertise of both entities, enabling them to undertake and successfully execute top-notch architecture and engineering design projects on a global scale. In a strategic move, Egis and Omrania have announced their collaboration, which has been ongoing since 2013. This partnership aims to combine the strengths and expertise of both companies, promising a mutually beneficial outcome for their clients and themselves.
In a recent announcement, it was confirmed that Omrania, a leading company in the industry, will maintain its management and operations without any disruptions. This news comes as a relief to stakeholders and clients who rely on Omrania's expertise and services. The company's commitment to delivering high-quality work remains unwavering, ensuring that the company has reaffirmed its commitment to providing clients with the same unwavering level of service, maintaining its well-established reputation for excellence.
In a significant development, Egis, a prominent company in the Middle East region, is set to witness substantial growth with the recent integration of nearly 700 professionals from Omrania. This strategic move is projected to bolster Egis' workforce to an impressive figure exceeding 3,000 individuals. The company finds itself deeply entrenched in a multitude of prestigious ventures within Saudi Arabia, boasting an impressive roster of esteemed clients. Among these notable patrons are 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 various other entities.
In an official statement, Laurent Germain, the esteemed CEO of Egis Group, expressed his excitement over the acquisition of Omrania, a move that is set to solidify Egis' dominance in the realm of high-end design and architecture services within the Saudi Arabian market. In collaboration with Omrania, our team shares a common goal of creating sustainable and contextually driven environments that enhance the overall quality of daily living. Egis eagerly anticipates the arrival of Omrania's employees as they prepare to unite with a highly esteemed architectural and engineering consulting firm that has flourished within the Saudi Arabian landscape.
Omrania, established in 1973, has garnered considerable acclaim for its comprehensive and collaborative approach to architecture, master planning, urban design, landscape, and engineering services. Omrania, a prominent design firm, prides itself on the extensive range of services it provides to clients across various sectors. With a strong focus on collaboration, the company works closely with government entities, cultural institutions, the private sector, and other organizations. From initial conceptual studies to design development and construction site supervision, Omrania offers its clients a comprehensive suite of design services. The company has been recognized with numerous accolades and distinctions, notably the highly esteemed Aga Khan Award for Architecture.
The anticipated acquisition, slated to be finalized in the initial six months of 2023, is contingent upon obtaining regulatory approvals.
