Market Overview

Fluor Awarded Approximately $200M Contract for Phosphate Project in Saudi Arabia

Fluor Corporation (NYSE: FLR) announced today that the company was
awarded a new project by Saudi Arabian Mining Company (Ma'aden). Fluor's
scope of work is to provide project management consulting (PMC) services
related to the development of the Umm Wu'al greenfield phosphate project
and related facilities in northern Saudi Arabia. Fluor will book
approximately $200 million related to the contract in the fourth quarter
of 2012.

The project kick-off was commemorated at a contract signing ceremony
held on December 1 in Saudi Arabia where Ma'aden representatives, local
dignitaries and Fluor senior executives were present including Chairman
& Chief Executive Officer David Seaton.

Fluor's scopes

See full press release

Posted-In: News Guidance Financing Management Global

 

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