Jacobs Wins Sipchem Facilities contract Saudi Arabia

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Jacobs Wins Sipchem Facilities contract Saudi Arabia

Jacobs Engineering Group Inc. (NYSE:JEC) announced today it received a three-year contract from Saudi International Petrochemical Company (Sipchem) to provide general engineering services at Sipchem’s Jubail Industrial City facilities in Saudi Arabia.

Under the terms of the contract, Jacobs is expected to provide a range of engineering services on an as-needed basis for a portfolio of minor capital expenditure projects at the Sipchem facilities.

In making the announcement, Jacobs Senior Vice President Oil and Gas Bassim D. Shebaro stated, “We are proud to receive this contract, which builds on our growing presence in the Jubail Industrial City. Our extensive experience in the provision of similar services in Saudi Arabia and our recently established local presence in Al Jubail were key factors in helping us secure this contract.”

Jacobs is one of the world’s largest and most diverse providers of full-spectrum technical, professional and construction services for industrial, commercial and government organizations globally. The company employs 60,000 people and operates in more than 30 countries around the world.

Source: www.jacobs.com

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 2015 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.

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.