Egis has acquired a 51% stake in Projacs International

The private shareholders of Projacs International Project Management WLL and Projacs International B.S.C. (Projacs International), the parent companies of one of the largest pan-Arab project and construction management firms, have sold a 51% of their share capital to Egis Ingenierie SA (Egis), a French engineering, project structuring and operations services company, for US$100 million.

Egis is an international group offering engineering, project structuring and operations services in the transport, urban development, building, industry, water, environment and energy sectors. The group employs 12,000 people including 7,800 in engineering development.

Projacs International is the largest Pan-Arab project management firm. Established in 1984, the company has a network of over 20 major offices in the Middle East, North Africa, Asia, Europe and North America, with more than 600 professional staff offering customized services to a variety of clients in the public and private sectors.

Oaklins' teams in France and Saudi Arabia collaborated closely to advise Egis throughout the acquisition process. This deal is another example of the seamless cooperation between Oaklins' teams, demonstrating the organization’s added value through its global execution capabilities, industry expertise and contacts.