Bid & Tender
Jacobs Engineering, Aramco to Set Up New JV to Provide PMCM Services

Date : May 23, 2017

Saudi Aramco, a world leader in integrated energy and chemicals, said it has reached an agreement with US-based Jacobs Engineering to set up a new joint venture company in Saudi Arabia that will provide professional programme and construction management (PMCM) services for social infrastructure projects throughout the kingdom and across the Middle East and North Africa.


One of the world’s largest and most diverse providers of full-spectrum technical, professional and construction services for industrial, commercial and government organisations globally, Jacobs has been playing an active role in Saudi Arabia for more than 40 years.  .


The new 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, said a statement from Jacobs.


The company will advance training and help create quality jobs for Saudi nationals through the development of a sustainable and competitive program, it stated.


Jacobs chairman and CEO Steve Demetriou said: "Our joint venture exemplifies the power of bringing together Saudi Aramco and Jacobs as an effective economic catalyst to support the kingdom’s 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 employs over 54,000 people and operates in more than 25 countries around the world.