Archirodon and BI Group have entered into a partnership agreement

Nur-Sultan, July 25, 2019. Archirodon and BI Group have entered into a partnership agreement. Following the terms of the transaction, BI Group acquired a 50% stake in SemArco LLP while Archirodon retained the other 50%.
The main fields of the joint entity will cover works in the Oil & Gas, Heavy Industrial projects, Energy Works, Petrochemical, including onshore works, water treatment plants, Desalination Plants, Power Plants in the countries of Kazakhstan, Russia, Turkmenistan, Uzbekistan, Kyrgyzstan, Tajikistan, Azerbaijan, Armenia, Belarus, Moldova, Georgia and Ukraine.
The shared vision of the two partnering groups is to develop an optimum mix of international EPC experience with strong local presence and expertise, to secure a sustainable business growth, leading to a predominant position in the market of Kazakhstan in the defined fields of activity and a recognizable substantial position in the rest of the designated geographical area.
SemArco LLP has a presence of 5 years in Kazakhstan as a category 1 licensed EPC contractor having successfully executed projects for the major operators in the Oil and Gas industry. Through its work established a solid reputation for safe, quality, and timely execution of challenging projects.
Archirodon has a proven track record of achievements in Marine and Energy EPC projects around the world underpinned by innovation and value generation throughout its 60-year long history that transferred to the partnership,” said Dennis Karapiperis, CEO of Archirodon Group.
“The goal of the partnership is to create a competitive Kazakhstan player who can work in the CIS and Kazakhstan markets, and most importantly, provide customers with the best offer in price, quality and time. By combining our resources and strengths, we will ensure an increase in local content, the transfer of technology, knowledge, and competencies”,- said Askhat Omarov, a member of the board of directors of the BI Group.
Both leaders emphasized their firm belief that the defined set of activities and the geographical area provide substantial growth potential for players that are committed to safety and quality performance by maximizing local content and developing the knowledge and capabilities of their local employees through well-planned training, exposure to new technologies and sharing of experiences. They both refreshed their commitment to continue serving their clients and the community around the activities with continually improving performance.
Archirodon is a large diversified international EPC group established in 1959, active across four continents that have successfully completed more than 260 major projects in more than 30 countries around the globe. Today Archirodon employs more than 12 000 highly qualified professionals who represent its main strength.