Over fifty years of partnership
Smit Lamnalco has two shareholders, Boskalis and the Rezayat Group, each owning 50% of the company.
Boskalis and Rezayat have a long history of successful cooperation over more than 50 years, including the Smit Lamnalco joint venture, which commenced operations in 1963.
Boskalis
Boskalis is a leading global services provider operating in the dredging, maritime infrastructure and maritime services sectors. The company provides creative and innovative all-round solutions to infrastructural challenges in the maritime, coastal and delta regions of the world. With core activities such as coastal defense, riverbank protection and land reclamation Boskalis is able to provide adaptive and mitigating solutions to combat the effects of climate change, such as extreme weather conditions and rising sea levels, as well as delivering solutions for the increasing need for space in coastal and delta regions across the world. The company facilitates the development of offshore energy infrastructure, including renewable wind energy. Boskalis is furthermore active in the construction and maintenance of ports, waterways, access channels and civil infrastructure, thus helping to facilitate trade flows and regional socio-economic development. In addition, Boskalis is a global marine salvage expert and has a strategic partnership in terminal services (Smit Lamnalco). With a versatile fleet of more than 500 vessels and floating equipment and approximately 10,000 employees, including associates, Boskalis is creating new horizons around the world.
Rezayat Group
The Rezayat Group is a Saudi / Kuwaiti owned conglomerate. It has developed over several generations from its original trading roots in the Orient into a major diversified international enterprise with truly global horizons. Led by family principles, it has repeatedly demonstrated its ability to respond flexibly and adapt effectively to the rapid changes and opportunities which have marked the international business environment over the past three quarters of a century. The Group’s outlook has always been international, and its interests and operations extend widely across different industries, with a focus on trading, construction, support services, manufacturing, financial services and investment.