Fluor awarded utilities and offsites contract for sadara chemical company jv in saudi arabia

Irving, texas--(business wire)--fluor corporation (nyse: flr) announced today that the saudi arabian oil company (saudi aramco) and the dow chemical co. (dow) (nyse: dow) have awarded the firm a reimbursable engineering, procurement and construction management (epcm) contract for all of the utilities and offsites at the al-jubail chemical complex in saudi arabia. the complex will be owned and operated by the sadara chemical company (sadara), a joint venture to be formed by saudi aramco and dow. fluor booked the undisclosed value in the second quarter. the new chemicals complex is expected to be the largest single-phase development in the world, with a planned investment of $20 billion. ensuring that the utilities, offsites and infrastructure and interconnecting piping arrangements are timely is a vital component of this unprecedented project. fluor’s al-khobar, saudi arabia; farnborough, uk; manila, philippines; and houston offices will collaborate on delivering the contract requirements. fluor has a long-standing relationship with dow working on many successful projects over the past decades. this significant award has positioned fluor to re-engage with saudi aramco and to continue working with dow. about fluor corporation fluor corporation (nyse: flr) designs, builds and maintains many of the world's most challenging and complex projects. through its global network of offices on six continents, the company provides comprehensive capabilities and world-class expertise in the fields of engineering, procurement, construction, commissioning, operations, maintenance and project management. headquartered in irving, texas, fluor is a fortune 200 company and had revenue of $20.8 billion in 2010. for more information, visit www.fluor.com.
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