Over fifty years of partnership
Smit Lamnalco has two shareholders, Royal Boskalis Westminster N.V. 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.
Royal Boskalis Westminster N.V. 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 services including the construction and maintenance of ports and waterways, land reclamation, coastal defense and riverbank protection. In addition, Boskalis offers a wide variety of marine services and contracting for the oil and gas sector and offshore wind industry as well as salvage solutions (SMIT Salvage). Furthermore, Boskalis has a number of strategic partnerships in harbour towage and terminal services (KOTUG SMIT Towage, Keppel Smit Towage, Saam Smit Towage and Smit Lamnalco). With a versatile fleet of more than 900 vessels and floating equipment and 11,700 employees, including associated companies, Boskalis operates in 90 countries across six continents.
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.