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AECOM to provide program management services for Hamad International Airport Expansion Program
Rhea-AI Impact
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Rhea-AI Summary
AECOM has been selected to manage the design and construction of Cargo Terminal 2 and Amiri Flight Facilities at Hamad International Airport in Doha, Qatar. This project is part of the airport's expansion program, aiming to enhance cargo capacity and operational efficiency, with a completion timeline extending over six years. AECOM aims to facilitate the operational readiness of the cargo bridging facility before the FIFA World Cup Qatar 2022. The project reflects AECOM’s commitment to support Qatar's growing economy through improved freight operations.
Positive
Awarded program management services for Hamad International Airport Expansion Program.
Project aims to triple cargo capacity at the airport.
Completion timeframe allows for operational readiness before FIFA World Cup Qatar 2022.
Negative
None.
AECOM will oversee the design and manage construction for Cargo Terminal 2 and Amiri Flight Facilities at Hamad International Airport in Doha, Qatar
DALLAS--(BUSINESS WIRE)--
AECOM (NYSE: ACM), the world’s trusted infrastructure consulting firm, announced today that it has been selected to provide program management services for Cargo Terminal 2 and Amiri Flight Facilities as part of the Hamad International Airport Expansion Program for the Qatar Company for Airports Operation and Management. As part of the expansion program at Hamad International Airport, AECOM will provide project management and construction management of the new cargo terminal and ancillary supporting buildings that include a veterinary inspection center, central utility plant and infrastructure diversions. Further, a cargo bridging facility will be created to accommodate predicted overflow from Cargo Terminal 1.
“We are excited to support the execution of Qatar Company for Airports Operation and Management’s infrastructure expansion plans by developing these important facilities at Hamad International Airport,” said Lara Poloni, AECOM’s president. “We have a longstanding history in the country and are looking forward to leveraging our significant local knowledge and extensive aviation experience to successfully manage this program.”
AECOM will provide the services over a six-year period, with the cargo bridging facility prioritized for operational readiness ahead of the start of the FIFA World Cup Qatar in November 2022.
“We are fully committed to helping achieve the goals of the Hamad International Airport Expansion Project, which will prepare it for future growth and triple the airport’s overall cargo capacity,” said Hamed Zaghw, AECOM’s chief executive for the Middle East & Africa. “The project will enhance the delivery and processing of supplies and important cargo to Qatar, helping to meet the demands of its growing economy while significantly enhancing its global freight operations.”
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 various dispositions such as the sale of our Management Services, self-perform at-risk civil infrastructure and power construction, and oil & gas maintenance and turnaround businesses, including the risk that purchase price adjustments, if any, from those transactions could be unfavorable and any future proceeds owed to us as part of those 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.
