Jacobs Receives Contract from Aldar for Abu Dhabi Retail Development

12/13/2011

PASADENA, Calif., Dec. 13, 2011 /PRNewswire/ -- Jacobs Engineering Group Inc. (NYSE: JEC) announced today that it has been awarded a contract from Aldar, a premier real estate development, management and investment company in the United Arab Emirates, to provide project management support services during construction for a new retail mall at Yas Island in Abu Dhabi.

The contract value is estimated at $8 million. Jacobs is executing the project from its offices in Abu Dhabi.

Under the terms of the contract, Jacobs is providing project management support services including construction management; design and leasing change coordination; project controls; logistics coordination; coordination of site, project health, safety, security and environment (HSSE) and quality; and implementation of all associated systems, processes and procedures on behalf of Aldar.

The "Yas Mall Project," a 2.53 million square feet (235,000 square meters) development is another key milestone in the expansion of the leisure and entertainment destination that is in line with Abu Dhabi's strategic vision. The project is expected to be completed in 2014.

In making the announcement, Jacobs Group Vice President Mike Coyle stated, "We are very pleased to expand our relationship with Aldar, one of the leading developers in Abu Dhabi, and we look forward to supporting it in achieving the challenging goals for this project."

Jacobs is one of the world's largest and most diverse providers of technical, professional, and construction services.

Statements made in this release that are not based on historical fact are forward-looking statements. We base these forward-looking statements on management's current estimates and expectations as well as currently available competitive, financial and economic data. Forward-looking statements, however, are inherently uncertain. There are a variety of factors that could cause business results to differ materially from 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 2011 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 do not undertake to update any forward-looking statements made herein.

For additional information contact:
Michelle Jones
626.578.6968

SOURCE Jacobs Engineering Group Inc.

Statements 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 caution readers that we do not undertake to update any forward-looking.