Company to provide professional services for two of the region’s
premier developments
AECOM Technology Corporation (NYSE: ACM), a leading provider of
professional technical and management support services for government
and commercial clients around the world, announced today that it has won
two contracts in the Middle East totaling US$60 million.
The wins are an extension from Aldar Properties for a multi-year,
US$45-million design and construction-management contract for the Al
Raha Beach Development project in Abu Dhabi, United Arab Emirates, and a
US$15-million contract to provide program-management services for the
first phase of the Knowledge Economic City in Madinah, Saudi Arabia.
As the lead design and engineering consultant for construction services
on the Al Raha Beach Development, AECOM will enable the extension and
further development of the project site, which is currently 5 miles
long. The US$14-billion development will consist of residential, retail,
recreational and commercial properties, including marinas and canal
developments.
“We are proud of the excellent work provided by our Al Raha Beach
Development team during the past four years and are excited about the
opportunity to build on this relationship in providing design and
construction management services to enhance and develop this area,” said
AECOM President and Chief Executive Officer John M. Dionisio.
Construction services for the project are slated for completion near the
end of 2010.
For the 2,075-acre Knowledge Economic City project, which has an
estimated construction value of US$8 billion, AECOM will provide
services such as project controls, procurement, construction logistics
and construction-phase project management.
The Knowledge Economic City development is expected to take
approximately 10-12 years to complete. The development of the Knowledge
Economic City has been projected to create more than 20,000 jobs and
consist of a population of about 150,000 people.
“This exciting project in Saudi Arabia provides an excellent example of
how AECOM is able to leverage our global expertise and presence to serve
our clients," said Dionisio. “Saudi Arabia and Abu Dhabi are two
strategically important regions for AECOM, and we are proud to play such
vital roles in their further development.”
About AECOM
AECOM (NYSE: ACM) is a global provider of professional technical and
management support services to a broad range of markets, including
transportation, facilities, environmental and energy. With more than
43,000 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 enhance and sustain the world's built, natural and social
environments. A Fortune 500 company, AECOM serves clients in more
than 100 countries and had revenue of $5.9 billion during the 12-month
period ended March 31, 2009. More information on AECOM and its services
can be found at www.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 statements of plans for future operations or expected revenue. 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 quarterly report on Form 10-Q for the
fiscal quarter ended March 31, 2009, 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.
NR 09-0702
AECOM Technology Corporation
Paul Gennaro
SVP & Chief
Communications Officer
212-973-3167
paul.gennaro@aecom.com
