AECOM wins two contracts worth $60m
Los Angeles, July 15, 2009
AECOM Technology Corp, a leading global provider of professional technical and management support services, has won two contracts in the Middle East totaling $60 million.
The wins are an extension from Aldar Properties, a leading Abu Dhabi-based real estate developer, for a multi-year, $45 million design and construction-management contract for the Al Raha Beach Development project in Abu Dhabi, and a $15 million contract to provide programme-management services for the first phase of the Knowledge Economic City in Madinah, Saudi Arabia.
As the lead design and engineering consultant for construction services on the Al Raha Beach Development, AECOM will enable the extension and further development of the project site, which is currently 8 kilometres long.
The $14 billion development will consist of residential, retail, recreational and commercial properties, including marinas and canal developments.
“We are proud of the excellent work provided by our Al Raha Beach Development team during the past four years and are excited about the opportunity to build on this relationship in providing design and construction management services to enhance and develop this area,” said AECOM president and chief executive officer John M. Dionisio.
Construction services for the project are slated for completion near the end of 2010.
For the 2,075-acre Knowledge Economic City project, which has an estimated construction value of $8 billion, AECOM will provide services such as project controls, procurement, construction logistics and construction-phase project management.
The Knowledge Economic City development is expected to take approximately 10-12 years to complete, and has been projected to create more than 20,000 jobs and consist of a population of about 150,000 people.
“This exciting project in Saudi Arabia provides an excellent example of how AECOM is able to leverage our global expertise and presence to serve our clients," said Dionisio.
“Saudi Arabia and Abu Dhabi are two strategically important regions for AECOM, and we are proud to play such vital roles in their further development,” he added. – TradeArabia News Service
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