Saudi Aramco to establish joint venture firm with Jacobs Engineering
Saudi Aramco and US-based Jacobs Engineering have announced plans to establish a joint venture company in Saudi Arabia
Saudi Aramco has reached an agreement with US-based Jacobs Engineering to set up a joint venture (JV) company in Saudi Arabia.
The new entity will provide professional programme and construction management (PMCM) services for social infrastructure projects across the Middle East and North Africa (MENA) region.
The company’s services will include a full-spectrum of professional PMCM activities, with expertise in supporting all phases of the project lifecycle for social infrastructure projects, according to Jacobs.
It will advance training and help create quality jobs for Saudi nationals through the development of a sustainable and competitive programme, added the stakeholder.
Jacobs chairman and chief executive officer, Steve Demetriou, said: "Our joint venture exemplifies the power of bringing together Saudi Aramco and Jacobs as an effective economic catalyst to support the [Saudi Vision 2030]."
"The new company combines Jacobs’ industry-leading capabilities and our joint project delivery skills to help transform social infrastructure in this rapidly changing region," he noted.
Jacobs Engineering has been operating in Saudi Arabia for more than 40 years. The company employs more than 54,000 people, and operates in more than 25 countries worldwide.