Jacobs Wins Contract for Sipchem Facilities in Saudi Arabia

PASADENA, Calif.--(BUSINESS WIRE)-- Jacobs Engineering Group Inc. (NYSE:JEC) announced today it received a three-year contract from Saudi International Petrochemical Company (Sipchem) to provide general engineering services at Sipchem’s Jubail Industrial City facilities in Saudi Arabia.

Under the terms of the contract, Jacobs is expected to provide a range of engineering services on an as-needed basis for a portfolio of minor capital expenditure projects at the Sipchem facilities.

In making the announcement, Jacobs Senior Vice President Oil and Gas Bassim D. Shebaro stated, “We are proud to receive this contract, which builds on our growing presence in the Jubail Industrial City. Our extensive experience in the provision of similar services in Saudi Arabia and our recently established local presence in Al Jubail were key factors in helping us secure this contract.”

Jacobs is one of the world’s largest and most diverse providers of full-spectrum technical, professional and construction services for industrial, commercial and government organizations globally. The company employs 60,000 people and operates in more than 30 countries around the world. For more information, visit www.jacobs.com.

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 2015 Form 10-K, 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.

Jacobs Engineering Group Inc.



Robin Shermer, 817-735-6284