Bechtel Gets Five-Year Extension on Jubail Project

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Bechtel Gets Five-Year Extension on Jubail Project

Bechtel Extends Contract on World’s Largest Civil Engineering Project.

Bechtel has signed a five-year contract extension with the Royal Commission for Jubail and Yanbu to continue its long standing management services work at Jubail and Ras Al Khair industrial cities. The Jubail project in the eastern province of Saudi Arabia is recognized as the world’s largest single industrial development project, and is unique as a city built from the sand up, requiring vast resources and logistical planning on an unprecedented scale. Bechtel has worked with the Royal Commission on the Jubail project since it began in the mid-1970s.

“Bechtel is a key part of our team and they have played a major role in helping us to plan and implement the growth of Jubail and Ras Al Khair,” said Dr. Mosleh Al-Otaibi, CEO, Royal Commission for Jubail. “With their help and partnership we will continue to develop these cities which support Saudi Arabia’s economy.”

The Jubail industrial city development spans 1,016 km² and provides petrochemical and other industrial complexes, major harbor and port facilities, telecommunications, and a highway system. Jubail and Ras Al Khair currently employ an estimated 140,000 people, which is predicted to rise to 190,000 by 2021. Over the next five years, Bechtel’s work will focus on providing residential accommodation and education facilities such as a 18,000-student ‘greenfield’ university as well as roads, bridges, medical centers, and power, water and waste facilities.

“Jubail is one of the world’s iconic engineering projects,” said Toby Seay, president of Bechtel’s global infrastructure business. “We’re delighted to build on our successful, longstanding relationship with the Royal Commission, which is based on a strong, collaborative partnership.”

Jubail and Ras Al Khair contain Saudi Arabia’s leading petrochemical and minerals clusters and are a main contributor to the country’s economic growth. Jubail currently produces approximately 7 percent of the world’s petrochemicals.

Bechtel has worked on a number of significant infrastructure projects in Saudi Arabia over the last 70 years, including King Fahd and King Khalid airports, and Ras Al Khair aluminum smelter. It is also currently working on Lines 1 and 2 of the Riyadh Metro.

Source: www.bechtel.com

Moving Abroad Checklist

Initial Considerations

Will your partner be travelling with you?

If so, what will they be giving up in your present home and will they be able to continue with their career in your new home? You will need to check whether a separate visa is required for your partner to work or if your visa gives that right. If they are unable to work you will need to decide on the effect on your finances and what alternatives are available to give a fulfilling life (home business, training, voluntary work).

Are you taking family with you?

Moving with family raises many exciting opportunities, but also can create challenges. The HSBC Expat Explorer survey indicates that expat kids can take six months to settle in to their new country (see article). Getting young or even older children to prepare to move and leave their friends and family behind can be a challenge and should be thought through.

The options for education is another area that needs to be thought through.

Moving your child to a new country with a different education system can be a great opportunity to broaden their experience, but if they are close to key exams the timing can make this inadvisable. If you do take your family with you, it is important to decide between joining the local school system or choosing an international school.

Where will you be living?

Whether you will be living in a house or apartment, furnished or unfurnished, these decisions will affect what you need to take with you. The time you are planning to live overseas will also affect whether you should leave your property at home empty, rent it out or sell it. See the article Sell, Store or Ship.