|View printer-friendly version|
|AECOM awarded US$10-million contract for city-planning services in Jeddah, Saudi Arabia|
LOS ANGELES (Jan. 31, 2013) — AECOM Technology Corporation (NYSE: ACM), a leading provider of professional technical and management support services for public and private clients in more than 130 countries around the world, announced today that it has been selected to update the Jeddah Strategic Plan and prepare sub-regional, structural and local plans for the area.
The Jeddah Municipality, representing the Ministry of Municipal and Rural Affairs of Saudi Arabia, awarded AECOM the US$10-million contract for multiple levels of city-planning services that will reshape Jeddah for decades to come.
For this project, AECOM’s services will include strategic planning and governance, spatial and urban planning and design, socio-economic and tourism, landscape and environmental sustainability, and infrastructure, as well as engaging stakeholders and communities in various workshops.
“We are delighted to play such a vital role in planning and improving the city of Jeddah,” said AECOM Chairman and Chief Executive Officer John M. Dionisio. “AECOM has been heavily involved in the area’s transformation, as we’ve been successfully providing project management services for a city-wide stormwater, flood-control and wastewater-infrastructure improvement program since 2011.”
AECOM’s latest contract begins immediately and is expected to last 30 months. It will cover the entire governorate, including the city’s urban boundary.
Forward-Looking Statements: All statements in this press release other than statements of historical fact are "forward-looking statements" for purposes of federal and state securities laws, including any projections of earnings, free cash flow, profit margins and statements of plans for future operations and growth, including with respect to our share repurchase program. AECOM believes that non-GAAP financial measures such as EBITDA and free cash flow also provide a meaningful perspective on its business results as the company utilizes this information to evaluate and manage the business. Actual results could differ materially from those projected or assumed in any of our forward-looking statements. Important factors that could cause actual results to differ materially from our forward-looking statements are set forth in our annual report on Form 10-K for the fiscal year ended Sept. 30, 2012, and our other reports filed with the U.S. Securities and Exchange Commission. AECOM does not intend, and undertakes no obligation, to update any forward-looking statement.