Jacobs Selected for Injaz Marina Project
PASADENA, Calif., June 28, 2011 /PRNewswire/ — Jacobs Engineering Group Inc. (NYSE: JEC) announced today that it was selected by Injaz Development Company to provide infrastructure and construction supervision services for its Marina project in Saudi Arabia. Injaz Development Company is one of the largest Saudi real estate developers in Kingdom of Saudi Arabia, specializing in strategic real estate development projects.
Officials did not disclose the contract value.
The Marina project is a 36 million square feet development that includes luxury villas, multi-use towers, buildings, coastal houses, hotels, schools, mosques and a variety of public and tourist facilities. The Marina project was recently named Best Residential project award in RESTATEX and Best Water Front Development Award in Cityscape Jeddah due to its percentage of total custom project area for public utilities, services and green services.
In making the announcement, Jacobs Group Vice President Mike Coyle stated, “Jacobs is proud to be associated with this state of the art development in Saudi Arabia, and we look forward to establishing a long term partnership with Injaz.”
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 2010 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.
For additional information contact: Michelle Jones 626.578.6968
SOURCE Jacobs Engineering Group Inc.