Jacobs Engineering Extends Wide-Ranging Contract with Saudi Aramco
SUGAR LAND--November 28, 2016--Researched by Industrial Info Resources (Sugar Land, Texas)--Last week, Jacobs Engineering Group Incorporated (NYSE:JEC) (Pasadena, California) received a five-year extension to its general engineering services contract with Saudi Aramco (Riyadh, Saudi Arabia) for an undisclosed amount. Jacobs ZATE (Al-Khobar, Saudi Arabia), in which Jacobs has a majority ownership, leads the engineering, procurement and construction management (EPCM) services for which Jacobs originally signed a contract in 2011. Industrial Info is tracking $1.66 billion in active Aramco projects involving Jacobs.
Within this article: Details on Jacobs' partnerships with Saudi Aramco.