Saudi Aramco and The Dow Chemical Company (NYSE:DOW) have awarded Fluor Corporation (NYSE:FLR) a reimbursable engineering, procurement and construction management (EPCM) contract for all of the utilities and offsites at the al-Jubail chemical complex in Saudi Arabia.
The complex will be owned and operated by the Sadara Chemical Company, a joint venture to be formed by Saudi Aramco and Dow. Fluor booked the undisclosed value in the second quarter.
The new chemicals complex is expected to be the largest single-phase development in the world, with a planned investment of $20 billion. Ensuring that the utilities, offsites and infrastructure and interconnecting piping arrangements are timely is a vital component of this unprecedented project.
Fluor’s al-Khobar, Saudi Arabia; Farnborough, UK; Manila, Philippines; and Houston offices will collaborate on delivering the contract requirements.
Fluor has a long-standing relationship with Dow working on many successful projects over the past decades. This significant award has positioned Fluor to re-engage with Saudi Aramco and to continue working with Dow.
Saudi Aramco, Dow tap Fluor for $20B Sadara chemicals complex in Saudi Arabia