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|AECOM joint venture awarded US$16-million contract for Saudi Arabia housing program|
LOS ANGELES, Jul 29, 2010 (BUSINESS WIRE) --
AECOM Technology Corporation (NYSE: ACM), a leading provider of professional technical and management support services for government and commercial clients around the world, announced today that Resources Sciences Arabia Limited, a joint venture in which it participates with Xenel, has been awarded a program management contract in Saudi Arabia.
The two-year contract, which will be worth approximately US$16 million, was awarded by the country's Prince of Jazan Province, HE Prince Mohammed. Under the contract, AECOM will provide program management services for a new housing development in Jazan.
The development, which has an estimated construction value of US$1.6 billion, includes the creation of five new villages, totaling 6,000 housing units, and related infrastructure. The development will provide free housing for citizens displaced from their homes along the Yemen border by a military conflict during late 2009.
"We are proud to be involved in such a vital program that reflects our commitment to enhancing and sustaining the world's built, natural and social environments," said John M. Dionisio, AECOM president and chief executive officer.
AECOM (NYSE: ACM) is a global provider of professional technical and management support services to a broad range of markets, including transportation, facilities, environmental, energy, water and government. With approximately 46,000 employees around the world, AECOM is a leader in all of the key markets that it serves. AECOM provides a blend of global reach, local knowledge, innovation, and technical excellence in delivering solutions that enhance and sustain the world's built, natural, and social environments. A Fortune 500 company, AECOM serves clients in more than 100 countries and had revenue of $6.3 billion during the 12-month period ended March 31, 2010. More information on AECOM and its services can be found at www.aecom.com.
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 statements of plans for future operations or expected revenue. 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 quarterly report on Form 10-Q for the fiscal quarter ended March 31, 2010, 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.
SOURCE: AECOM Technology Corporation
AECOM Technology Corporation