Jacobs to Support Development of Cities in Saudi Arabia

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Jacobs to Support Development of Cities in Saudi Arabia

Jacobs Engineering Group Inc. (NYSE:JEC) announced that it was awarded a two-year framework agreement from Saudi Industry Property Authority (MODON) for supervision consultancy services to support the development of three industrial cities in Saudi Arabia.

Company officials did not disclose the contract value.

Under the terms of this contract, Jacobs is managing and supervising several construction contracts for the development of three industrial cities as part of multi-billion dollar investment into 40 industrial cities, representing a total area of nearly 68 square miles (178 million square meters) across the Kingdom. The construction works required include various integrated infrastructure and services including roads, water distribution, power and telecommunications. The goal of the project is to support MODON’s mission of providing distinctive and unique industrial cities and technology zones of the highest quality throughout the Kingdom.

The contract further extends Jacobs’ long-term relationship with MODON and builds on its current contracts to provide design services and program management for other industrial cities as well as design services.

In making the announcement, Jacobs Group Vice President Bassim Shebaro stated, “We are delighted that our relationship with MODON continues to grow. We look forward to supporting MODON through the provision of our local and global program management and construction management expertise, and supporting Saudi Arabia’s mission of achieving a knowledge-based economy and industrial diversification.”

Established in 2001, MODON is responsible for the development of industrial cities throughout Saudi Arabia with integrated infrastructure and services. Saudi Arabia’s developed industrial cities employ more than 350,000 workers.

Jacobs is one of the world’s largest and most diverse providers of technical professional and construction services.

Source: EPC Engineer

Link: http://tinyurl.com/n5gpduu

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.