AECOM – ACM – Awarded US$27.85-million contract for the King Khalid Medical City development
AECOM Technology Corporation (NYSE: ACM), a leading provider of professional technical and management support services for government and commercial clients around the world, announced that it was awarded a US$27.85-million contract to provide architecture, engineering design and production services for King Khalid Medical City in Dammam, Kingdom of Saudi Arabia.
AECOM will mobilize a team of Middle East-based and global health care and design professionals for the project. When complete, the medical city will include a 1,500-bed hospital, research center, staff accommodation ranging from villas to apartments, conference center, mosque, professional and administrative office building, car parking structures and community center. Plans also include the potential for future educational facilities, a commercial complex and a hotel.
“We are honored to play a key role in this extremely important project to create world-class health care facilities in the Kingdom of Saudi Arabia,” said AECOM Chairman and Chief Executive Officer John M. Dionisio. “With a global network of expertise in the health care sector, AECOM is perfectly placed to serve our client’s needs to plan and design King Khalid Medical City.”
The project is the largest of four hospital developments planned for Saudi Arabia, which have been initiated by a royal decree from King Abdullah of Saudi Arabia, who has allocated US$4.3 billion to build world-class health care centers for the kingdom.
Work on the two-year contract starts immediately, and project completion is scheduled within five years.
About AECOM – ACM
AECOM (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 45,000 employees around the world, ACM is a leader in all of the key markets that it serves. ACM provides a blend of global reach, local knowledge, innovation and technical excellence in delivering solutions that create, enhance and sustain the world’s built, natural, and social environments. A Fortune 500 company, AECOM serves clients in more than 130 countries and had revenue of $8.2 billion during the 12 months ended March 31, 2012.
More Posts by this author
- Stocks End Lower; Dow Jones Drops for a Fifth Straight Day
- Gold Prices Settle Lower; Silver Prices Gain
- Stocks Slide after Fed Minutes
- U.S. Stocks Struggle for Direction Ahead of Fed’s Minutes
- SMSC (SMSC) Stockholders Approve Merger with Microchip
- Standex – SXI – Acquisition of Meder Electronic Group
- Enterprise Products Company (EPCO) Affiliate Agrees to Acquire Shell Plaza from Hines Affiliate
 |
Post Written By: Ed Liston
Ed Liston is a senior contributing editor at TheStockMarketWatch.com. An active market watcher and investor, Ed guides an independent team of experienced analysts and writes for multiple stock trader publications. He is widely quoted in various financial publications on the Internet. When Ed is not writing about stocks, investing in stocks, talking about stocks, or otherwise doing something stock related, he likes to go sailing and fishing in his yacht.
|
