Jacobs Receives Contract from Nesma & Partners for Hospital Projects in Saudi Arabia

Supporting Construction of Five Hospitals on Four Sites

PASADENA, Calif.--()--Jacobs Engineering Group Inc. (NYSE:JEC) announced today that it was awarded a contract by Nesma & Partners for program management services for the Saudi Arabian National Guard Hospital Program.

Officials did not disclose the contract value, but noted that the contract duration is up to three years including option periods.

Under the terms of the contract, Jacobs is supporting Nesma & Partners in managing a program that involves building five hospitals on four sites in Saudi Arabia: a 300-bed maternity hospital in Riyadh, two 300-bed National Guard hospitals in Qassim and Taif, and a 346-bed children’s hospital and 176-bed neurological hospital on an existing hospital site in Jeddah.

Nesma & Partners, the general contractor, brought Jacobs on to the project to leverage its extensive global experience managing the design and construction of healthcare facilities; particularly noting the state-of-the-art Cleveland Clinic Abu Dhabi project it recently managed. Jacobs is mobilizing a number of its healthcare professionals from that project, plus local hires, to work on the Saudi Arabian National Guard hospital program.

In making the announcement, Jacobs Group Vice President Bassim Shebaro stated, “We are delighted to be working with Nesma & Partners to deliver this important program to the Saudi Arabian National Guard. With these projects underway, we are committed to continuing to make significant contributions toward increasing and improving healthcare services throughout the region.”

Nesma CEO Imad Gholmieh stated, “We are pleased to work alongside Jacobs on this major healthcare project in Saudi Arabia. We see tremendous opportunities to leverage our construction experience in buildings and infrastructure projects with Jacobs’ PMC capabilities in the region, and are pleased to support this new partnership.”

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

Statements made in this release that are not based on historical fact are forward-looking statements. We base these forward-looking statements on management’s current estimates and expectations as well as currently available competitive, financial and economic data. Forward-looking statements, however, are inherently uncertain. There are a variety of factors that could cause business results to differ materially from 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 2013 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 do not undertake to update any forward-looking statements made herein.

Contacts

Jacobs Engineering Group Inc.
Michelle Jones, 626-578-6968

Release Summary

Jacobs is supporting Nesma & Partners in providing program management for the five hospital Saudi Arabian National Guard Hospital Program.

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Contacts

Jacobs Engineering Group Inc.
Michelle Jones, 626-578-6968