March 10, 2010 (FinancialWire) — Jacobs Engineering Group Inc. (NYSE: JEC) said that it has received a contract from Marafiq to serve as project management contractor for Marafiq’s ongoing investment program in Saudi Arabia.

Officials did not disclose the contract value.

Under the contract, Jacobs will provide PMC services for a number of projects in Jubail and Yanbu industrial cities, under a framework that is in effect for three years, extendable for a further three.

Work includes conceptual design, front-end engineering, design and construction monitoring, and other services necessary for successful installations. Projects involve expansions, upgrades, and installations of wastewater treatment plants, electrical power generation facilities, and a seawater reverse osmosis plant. Jacobs said it is performing the work from its Reading, England, office with support from its personnel in Mumbai, India.

A multidisciplinary Jacobs team will also work with Marafiq staff in Al Jubail and Yanbu to develop master plans and conceptual studies with support from the Reading office.

Marafiq, a privately owned power and utility company, initiated an additional US $1.33 billion water and power project in 2004 to help meet the growing demand for power and water in Saudi Arabia.

California-based Jacobs is a provider of technical, professional, and construction services.

FinancialWire(tm) is committed to serving the financial community through true journalism and providing relevant resources to investors. Standards-based, independent equity research on numerous public companies is available through the Investrend Research Syndicate (http://www.investrend.com/reports) written by FIRST Research Consortium (http://www.investrend.com/FIRST) member-providers. Free annual reports and company filings for companies mentioned in the news are available through the Investrend Information Syndicate (at http://investrend.ar.wilink.com/?level=279). FinancialWire(tm), in cooperation with the Investrend Broadcast Syndicate, also provides complete, daily conference call and webcast schedules as a service to shareholders and investors via the FirstAlert(tm) Network’s “FirstAlert(tm) Daily” (http://www.financialwire.net/news-alerts/).

FinancialWire(tm) is a fully independent, proprietary news wire service. FinancialWire(tm) is not a press release service, and receives no compensation for its news, opinions or distributions. Further disclosure is at the FinancialWire(tm) website (http://www.financialwire.net/disclosures.php). Contact FinancialWire(tm) directly via inquiries@financialwire.net.

Legal Disclaimer:

EIN Presswire provides this news content "as is" without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.