AECOM Technology Corp : AECOM awarded US$27.85-million contract for the King Khalid Medical City development in Dammam, Kingdom of Saudi Arabia
07/09/2012| 07:05am US/Eastern
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 was
awarded a US$27.85-million contract to provide architecture, engineering
design and production services for King Khalid Medical City in Dammam,
Kingdom of Saudi Arabia.
AECOM will mobilize a team of Middle East-based and global health care
and design professionals for the project. When complete, the medical
city will include a 1,500-bed hospital, research center, staff
accommodation ranging from villas to apartments, conference center,
mosque, professional and administrative office building, car parking
structures and community center. Plans also include the potential for
future educational facilities, a commercial complex and a hotel.
"We are honored to play a key role in this extremely important project
to create world-class health care facilities in the Kingdom of Saudi
Arabia," said AECOM Chairman and Chief Executive Officer John M.
Dionisio. "With a global network of expertise in the health care sector,
AECOM is perfectly placed to serve our client's needs to plan and design
King Khalid Medical City."
The project is the largest of four hospital developments planned for
Saudi Arabia, which have been initiated by a royal decree from King
Abdullah of Saudi Arabia, who has allocated US$4.3 billion to build
world-class health care centers for the kingdom.
Work on the two-year contract starts immediately, and project completion
is scheduled within five years.
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 March 31, 2012. 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 projections of earnings, 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, 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
AECOM Technology Corporation
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