DALLAS--(BUSINESS WIRE)--
Jacobs
Engineering Group Inc. (NYSE:JEC) announced today it received an
amendment from Saudi Aramco for its general engineering services (GES)
contract.
While officials did not disclose the contract value, the five-year
extension builds on the framework of the original contract signed in
2011. Services include engineering, procurement and construction
management services associated with Saudi Aramco’s capital program. The
services are being led by the Jacobs ZATE operation in Al-Khobar, Saudi
Arabia.
The contract extension aligns with Saudi Aramco’s In-Kingdom
Total Value Add program, which is designed to drive additional
domestic value creation for Saudi Arabia through local employment,
innovation, skills development and improved global competitiveness.
In making the announcement, Jacobs Senior Vice President Oil & Gas
Bassim Shebaro stated, “We’re delighted by the opportunity to continue
our close relationship with Saudi Aramco through this GES contract
extension, and in doing so support local industry.
“We are proud of the Jacobs ZATE operation. We’ve made a strong
commitment to this country and look forward to working closely with our
clients and partners, including Saudi Aramco, to contribute to Saudi
Arabia’s Vision 2030.”
Jacobs is one of the world’s largest and most diverse providers of
full-spectrum technical, professional and construction services for
industrial, commercial and government organizations globally. The
company employs over 54,000 people and operates in more than 25
countries around the world. For more information, visit www.jacobs.com.
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 2015 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.
View source version on businesswire.com: http://www.businesswire.com/news/home/20161123005138/en/
Source: Jacobs Engineering Group Inc.