Jacobs Receives Project Management Contract From Marafiq in Saudi Arabia

PASADENA, Calif., March 9 /PRNewswire-FirstCall/ -- Jacobs Engineering Group Inc. (NYSE: JEC) announced today that it received a contract from Marafiq to serve as project management contractor (PMC) for Marafiq's ongoing investment program in The Kingdom of Saudi Arabia.

Officials did not disclose the contract value.

Jacobs will provide PMC services for a number of projects in Jubail and Yanbu industrial cities, under a framework that is in effect for 3 years, extendable for a further three. Work includes conceptual design, front-end engineering, design and construction monitoring, and other services necessary for successful installations. Projects involve expansions, upgrades, and installations of wastewater treatment plants, electrical power generation facilities, and a seawater reverse osmosis plant. Jacobs is performing the work from its Reading, England, office with support from its personnel in Mumbai, India.

A multidisciplinary Jacobs team will also work with Marafiq staff in Al Jubail and Yanbu to develop master plans and conceptual studies with support from the Reading office.

Marafiq, a privately owned power and utility company, initiated an additional US $1.33 billion water and power project in 2004 to help meet the growing demand for power and water in Saudi Arabia.

Jacobs is one of the world's largest and most diverse providers of technical, professional, and construction services.

Any statements made in this release that are not based on historical fact are forward-looking statements.   Although such statements are based on management's current estimates and expectations, and currently available competitive, financial, and economic data, forward-looking statements are inherently uncertain.  We, therefore, caution the reader that there are a variety of factors that could cause business conditions and results to differ materially from what is contained in 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 2009 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 also caution the readers of this release that we do not undertake to update any forward-looking statements made herein.

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SOURCE Jacobs Engineering Group Inc.