PASADENA, CA - PRNewswire-FirstCall - March 09, 2010
-- Jacobs Engineering Group Inc. (
NYSE:JEC) announced today that it
received a contract from Marafiq to serve as project management
contractor (PMC) for Marafiq's ongoing investment program in The
Kingdom of Saudi Arabia.
Officials did not disclose the contract value.
Jacobs
will provide PMC services for a number of projects in Jubail and Yanbu
industrial cities, under a framework that is in effect for 3 years,
extendable for a further three. Work includes conceptual design,
front-end engineering, design and construction monitoring, and other
services necessary for successful installations. Projects involve
expansions, upgrades, and installations of wastewater treatment plants,
electrical power generation facilities, and a seawater reverse osmosis
plant. Jacobs is performing the work from its Reading, England, office
with support from its personnel in Mumbai, India.
A
multidisciplinary Jacobs team will also work with Marafiq staff in Al
Jubail and Yanbu to develop master plans and conceptual studies with
support from the Reading office.
Marafiq, a privately owned
power and utility company, initiated an additional US $1.33 billion
water and power project in 2004 to help meet the growing demand for
power and water in Saudi Arabia.
Jacobs is one of the world's largest and most diverse providers of technical, professional, and construction services.
Any
statements made in this release that are not based on historical fact
are forward-looking statements. Although such statements are based on
management's current estimates and expectations, and currently
available competitive, financial, and economic data, forward-looking
statements are inherently uncertain. We, therefore, caution the reader
that there are a variety of factors that could cause business
conditions and results to differ materially from what is contained in
our forward-looking statements. For a description of some of the
factors which may occur that could cause actual results to differ from
our forward-looking statements please refer to our 2009 Form 10-K, and
in particular the discussions contained under Items 1 - Business, 1A -
Risk Factors, 3 - Legal Proceedings, and 7 - Management's Discussion
and Analysis of Financial Condition and Results of Operations. We also
caution the readers of this release that we do not undertake to update
any forward-looking statements made herein.
(
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Contact: Michelle Jones,
+1-626-578-6968,
for Jacobs Engineering Group Inc.
Web Site: http://www.jacobs.com/