Press Release
Jul 12, 2018
DALLAS, July 12, 2018 /PRNewswire/ -- Jacobs Engineering Group Inc. (NYSE:JEC) has been selected by Etihad Rail to deliver critical technical and program consulting services for the UAE's largest and most vital national freight and passenger railway network. The project will be built in phases to link the principal centers of population and industry of the UAE, and will form a vital part of the planned GCC railway network linking UAE bordering countries and critical economic centers.
Jacobs will deliver engineering and design services for the 900 kilometer network, review and provide critical oversight for the detailed designs to be prepared by a network of design and build contractors, and provide construction supervision for the entire project.
"We were able to bring together the combined technical resources and synergies of Jacobs and our recently acquired CH2M team that presents a fully-integrated service offering for this world-class rail project," said Jacobs Buildings, Infrastructure and Advanced Facilities President Bob Pragada. "This included accessing the best talent across the breadth of our global network, coupled with a strong local presence provided by Jacobs in the UAE."
The rail network will ultimately provide enhanced connectivity across geographic markets and services for both freight and passengers, with social benefits including lower transportation costs, faster journeys than highway alternatives and reduced levels of highway congestion.
Jacobs leads the global professional services sector delivering solutions for a more connected, sustainable world. With $15 billion in fiscal 2017 revenue when combined with full-year CH2M revenues and a talent force of more than 77,000, Jacobs provides a full spectrum of services including scientific, technical, professional and construction- and program-management for business, industrial, commercial, government and infrastructure sectors. For more information, visit www.jacobs.com, and connect with Jacobs on LinkedIn, Twitter, Facebook and Instagram.
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 Form 10-K for the year ended September 29, 2017, 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.
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SOURCE Jacobs Engineering Group Inc.