Jacobs Engineering Extends Contract with Saudi Aramco
Jacobs Engineering Group has received a five-year extension to its general engineering services contract with Saudi Aramco for an undisclosed amount. Jacobs ZATE, in which Jacobs has a majority ownership, leads the engineering, procurement and construction management services for which Jacobs originally signed a contract in 2011. Industrial Info is tracking $1.66 billion in active Aramco projects involving Jacobs.
The extension aligns with Saudi Aramco's "In-Kingdom Total Value Add" program, which, according to a press release from Jacobs, "is designed to drive additional domestic value creation for Saudi Arabia through local employment, innovation, skills development and improved global competitiveness."
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