PASADENA, Calif., Sept. 20, 2011 /PRNewswire/ -- Jacobs Engineering
Group Inc. (NYSE: JEC) announced today that it received a contract
from Saudi Arabian utility company Marafiq for the provision of
project management consultancy (PMC) services at Marafiq's new
integrated power and water facility in Yanbu, Saudi Arabia.
Officials did not disclose the value of the contract, but noted
that the overall project has a value in excess of $1 billion.
Jacobs' scope of work for the project includes project
management, quality assurance, safety assurance, permitting
support, engineering review, construction oversight and start-up
and commissioning oversight.
While making the announcement, Jacobs Group Vice President
Bob Irvin stated, "Jacobs is very
pleased to continue to be with Marafiq in its growth as the first
private integrated utility company in Saudi Arabia. This project supports Jacobs'
long-term commitment to clients in the Middle East."
Marafiq's core business is the development, operation and
maintenance of power and water treatment systems to provide
essential utility services for the industrial cities of Jubail and
Yanbu in Saudi Arabia.
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 2010 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
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SOURCE Jacobs Engineering Group Inc.