The Jeddah Municipality, representing the Ministry of Municipal and Rural Affairs of Saudi Arabia, awarded AECOM the US$10-million contract for multiple levels of city-planning services that will reshape Jeddah for decades to come.
For this project, AECOM’s services will include strategic planning and governance, spatial and urban planning and design, socio-economic and tourism, landscape and environmental sustainability, and infrastructure, as well as engaging stakeholders and communities in various workshops.
“We are delighted to play such a vital role in planning and improving the city of Jeddah,” said AECOM Chairman and Chief Executive Officer John M. Dionisio. “AECOM has been heavily involved in the area’s transformation, as we’ve been successfully providing project management services for a city-wide stormwater, flood-control and wastewater-infrastructure improvement program since 2011.”
AECOM’s latest contract begins immediately and is expected to last 30 months. It will cover the entire governorate, including the city’s urban boundary.
About AECOM
AECOM is a global provider of professional technical and management support services to a broad range of markets, including transportation, facilities, environmental, energy, water and government. With approximately 45,000 employees around the world, AECOM is a leader in all of the key markets that it serves. AECOM provides a blend of global reach, local knowledge, innovation and technical excellence in delivering solutions that create, enhance and sustain the world’s built, natural and social environments. A Fortune 500 company, AECOM serves clients in more than 130 countries and had revenue of $8.2 billion during the 12 months ended Sept. 30, 2012. More information on AECOM and its services can be found at aecom.com.
Forward-Looking Statements: All statements in this press release other than statements of historical fact are “forward-looking statements” for purposes of federal and state securities laws, including any projections of earnings, free cash flow, profit margins and statements of plans for future operations and growth, including with respect to our share repurchase program. AECOM believes that non-GAAP financial measures such as EBITDA and free cash flow also provide a meaningful perspective on its business results as the company utilizes this information to evaluate and manage the business. Actual results could differ materially from those projected or assumed in any of our forward-looking statements. Important factors that could cause actual results to differ materially from our forward-looking statements are set forth in our annual report on Form 10-K for the fiscal year ended Sept. 30, 2012, and our other reports filed with the U.S. Securities and Exchange Commission. AECOM does not intend, and undertakes no obligation, to update any forward-looking statement.
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Source: AECOM Technology Corporation
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