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Jacobs Engineering Group Inc. (NYSE: JEC) announced today it received a three-year contract from Sahara Petrochemicals (Sahara) to provide general engineering services at Sahara's Jubail Industrial City facilities in Saudi Arabia.
Under the terms of the contract, Jacobs is expected to provide engineering, procurement, construction supervision, project management, pre-commissioning and commissioning support to a range of small- to medium-sized capital projects for Sahara's propane dehydrogenation, poly propylene, chlor alkyl, ethylene dichloride and peripheral utilities operating facilities.
In making the announcement, Jacobs Senior Vice President Oil and Gas Bassim D. Shebaro stated, "Jacobs has had a presence in the Middle East for many years serving the Oil, Gas, Buildings and Infrastructure sectors. This contract enables us to expand our presence in Jubail as part of our overall commitment to providing world-class services to our clients across the region."
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 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/20160614005420/en/
Jacobs Engineering Group Inc.
Robin Shermer, 817.735.6284
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
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