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AECOM selected to manage Qatar’s Public Works Authority’s local roads and drainage program
Rhea-AI Impact
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Rhea-AI Summary
AECOM (NYSE: ACM) has been awarded a four-year secondment contract with Ashghal, Qatar’s Public Works Authority, involving over 200 technical experts. These professionals will support the management of Ashghal’s Local Roads and Drainage Program, aimed at enhancing Qatar's surface transport infrastructure. AECOM has been collaborating with Ashghal since 2012, contributing to various major projects. This contract aligns with Qatar’s focus on sustainable infrastructure as part of the Qatar National Vision 2030.
Positive
Awarded a four-year contract with Ashghal, enhancing growth opportunities.
Deployment of over 200 technical experts bolstering operational capacity.
Continued partnership with Ashghal since 2012, ensuring project continuity.
Supports Qatar’s infrastructure goals aligning with Qatar National Vision 2030.
Negative
None.
AECOM to second more than 200 technical experts into Ashghal’s Roads Projects Department
DALLAS--(BUSINESS WIRE)--
AECOM (NYSE: ACM), the world’s trusted infrastructure consulting firm, today announced that is has been awarded a four-year secondment contract with Ashghal, Qatar’s Public Works Authority. Over 200 AECOM professional staff members will work within Ashghal’s Roads Projects Department, providing management and oversight of Ashghal’s Local Roads and Drainage Program, which is responsible for developing infrastructure that raises the standard of living for all residents. AECOM’s secondees will support the further modernization and expansion of Qatar’s surface transport network, improving its accessibility, safety and sustainability for all users.
“Our clients have evolving priorities focused on sustainability and delivering social impact through their projects and services, and AECOM stands out as the company that can best advise and execute for them,” said Lara Poloni, AECOM’s president. “In Qatar, a high priority is being placed on infrastructure projects that enhance residential neighborhoods and improve livability. Our work with Ashghal reflects our in-depth understanding of the challenges facing Qatar as it strives to meet the needs of current and future generations.”
“We are excited to continue our longstanding partnership with Ashghal, as AECOM has provided engineering consultancy services for its local roads and drainage projects in the south of Qatar since 2012,” said Hamed Zaghw, AECOM’s chief executive for the Middle East & Africa. “Qatar is experiencing significant growth at all levels to achieve the Qatar National Vision 2030. Through this new contract we will work alongside Ashghal to deliver sustainable infrastructure that uplifts communities and improves access for all of Qatar’s residents.”
Ashghal was established in 2004 to plan, deliver and manage all infrastructure projects in Qatar. Since then, AECOM has supported the delivery of numerous transformational projects, including Orbital Highway, Lusail Expressway and the MoTC Bus Infrastructure Program.
About AECOM
AECOM (NYSE: ACM) is the world’s trusted infrastructure consulting firm, delivering professional services throughout the project lifecycle – from planning, design and engineering to program and construction management. On projects spanning transportation, buildings, water, new energy, and the environment, our public- and private-sector clients trust us to solve their most complex challenges. Our teams are driven by a common purpose to deliver a better world through our unrivaled technical expertise and innovation, a culture of equity, diversity and inclusion, and a commitment to environmental, social and governance priorities. AECOM is a Fortune 500 firm and its Professional Services business had revenue of $13.3 billion in fiscal year 2021. See how we are delivering sustainable legacies for generations to come at aecom.com and @AECOM.
Forward-Looking Statements
All statements in this communication other than statements of historical fact are “forward-looking statements” for purposes of federal and state securities laws, including any statements of the plans, strategies and objectives for future operations, profitability, strategic value creation, coronavirus impacts, risk profile and investment strategies, and any statements regarding future economic conditions or performance, and the expected financial and operational results of AECOM. Although we believe that the expectations reflected in our forward-looking statements are reasonable, actual results could differ materially from those projected or assumed in any of our forward-looking statements. Important factors that could cause our actual results, performance and achievements, or industry results to differ materially from estimates or projections contained in our forward-looking statements include, but are not limited to, the following: our business is cyclical and vulnerable to economic downturns and client spending reductions; impacts caused by the coronavirus and the related economic instability and market volatility, including the reaction of governments to the coronavirus, including any prolonged period of travel, commercial or other similar restrictions, the delay in commencement, or temporary or permanent halting of construction, infrastructure or other projects, requirements that we remove our employees or personnel from the field for their protection, and delays or reductions in planned initiatives by our governmental or commercial clients or potential clients; losses under fixed-price contracts; limited control over operations run through our joint venture entities; liability for misconduct by our employees or consultants; failure to comply with laws or regulations applicable to our business; maintaining adequate surety and financial capacity; high leverage and potential inability to service our debt and guarantees; exposure to Brexit; exposure to political and economic risks in different countries; currency exchange rate fluctuations; retaining and recruiting key technical and management personnel; legal claims; inadequate insurance coverage; environmental law compliance and adequate nuclear indemnification; unexpected adjustments and cancellations related to our backlog; partners and third parties who may fail to satisfy their legal obligations; AECOM Capital real estate development projects; managing pension cost; cybersecurity issues, IT outages and data privacy; risks associated with the benefits and costs of the sale of our Management Services and self-perform at-risk civil infrastructure and power construction businesses, including the risk any purchase adjustments from those transactions could be unfavorable and any future proceeds owed to us as part of the transactions could be lower than we expect; as well as other additional risks and factors that could cause actual results to differ materially from our forward-looking statements set forth in our reports filed with the Securities and Exchange Commission. Any forward-looking statements are made as of the date hereof. We do not intend, and undertake no obligation, to update any forward-looking statement.
