The pair have signed a memorandum of understanding to jointly bid and deliver on major EPC contracts with the aim to increase shareholder value.

Ausenco has an existing presence in the Americas, Africa and Asia, with an expertise in mining and oil and gas solutions.

Duro also has a presence in the energy sector, along with a strong construction background.

The EPC project pipelines of both companies are currently worth over US$14 billion and Ausenco chief executive Zimi Meka said the alliance would help leverage each companies large geographic footprint and strong track records to win contracts.

“Discussions