NV5 Awarded $4 Million in Middle East Building Engineering and Technology Projects
November 29 2021 - 8:00AM
NV5 Global, Inc. (the “Company” or “NV5”) (Nasdaq:
NVEE), a provider of compliance, technology, engineering,
and environmental consulting solutions, announced today that it has
been awarded $4 million in building engineering and technology
projects in the Middle East. The projects include new construction
and refurbishment of existing structures in the United Arab
Emirates and the Kingdom of Saudi Arabia. NV5 will provide design
services for mechanical, security, and audiovisual systems.
“We are pleased to have been selected for these high-profile
projects which will contribute to the continued growth of our
international business in the Middle East and Asia,” said Dickerson
Wright, PE, Chairman & CEO of NV5. “Our strategy of delivering
full mechanical and technology systems design, as well as ongoing
commissioning and energy efficiency gives us a competitive
advantage and has driven the expansion of our international
operations.”
In Saudi Arabia, NV5 will provide mechanical engineering for the
conversion of a historic palace in Riyadh into a seven-star luxury
hotel. In the United Arab Emirates, NV5 will deliver HVAC and
technology system design services for the redevelopment of four
schools and a five-star desert resort in Dubai, as well as a
mixed-use hospitality and residential project in Sharjah consisting
of four towers on a common podium.
“These wins contribute to the growth of our Middle Eastern
business as we work to support the Kingdom of Saudi Arabia and the
United Arab Emirates as they progress toward their 2030 and 2050
plans,” said Ivor Jarman, Executive Vice President of International
Operations at NV5.
About NV5NV5 Global, Inc. (NASDAQ: NVEE) is a
provider of compliance, technology, engineering, and environmental
consulting solutions for public and private sector clients
supporting sustainable infrastructure, utility, and building assets
and systems. The Company focuses on multiple verticals: testing,
inspection & consulting, infrastructure, utility services,
buildings & program management, environmental health sciences,
and geospatial technology services to deliver innovative,
sustainable solutions to complex issues and improve lives in our
communities. NV5 operates out of more than 100 offices nationwide
and abroad. For additional information, please visit
the Company’s website at www.NV5.com. Also visit the Company
on LinkedIn, Twitter, Facebook,
and Instagram.
Forward-Looking StatementsThis press release
contains “forward-looking statements” within the meaning of the
safe harbor provisions of the U.S. Private Securities
Litigation Reform Act of 1995. The Company cautions that these
statements are qualified by important factors that could cause
actual results to differ materially from those reflected by the
forward-looking statements contained in this news release. Such
factors include: (a) changes in demand from the local and state
government and private clients that we serve; (b) general economic
conditions, nationally and globally, and their effect on the market
for our services; (c) competitive pressures and trends in our
industry and our ability to successfully compete with our
competitors; (d) changes in laws, regulations, or policies; and (e)
the “Risk Factors” set forth in the Company’s most
recent SEC filings. All forward-looking statements are
based on information available to the Company on the date hereof,
and the Company assumes no obligation to update such statements,
except as required by law.
Investor Relations ContactNV5 Global, Inc.Jack
CochranVice President, Marketing & Investor RelationsTel:
+1-954-637-8048Email: ir@nv5.com
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