Jacobs Awarded Design Consultant Contract for Global Logistics Hub in Saudi Arabia

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Jacobs appointed as lead design consultant for Port of NEOM redevelopment project in Saudi Arabia

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• The Port of NEOM redevelopment project in Saudi Arabia is expected to transform the existing facility into a net zero, next-generation global logistics hub. The project aims to fully automate the port and supply chain system and operate on 100% renewable energy. This development is expected to enhance connectivity and attract new business and industry to the region.

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Port transformation will prioritize sustainability and advanced technology

DALLAS, Sept. 18, 2023 /PRNewswire/ -- Jacobs (NYSE:J) has been appointed by NEOM Company (NEOM) as the lead design consultant for the Port of NEOM redevelopment project in northwest Saudi Arabia. The project in NEOM's new industrial city Oxagon, will transform the existing facility into a net zero, next-generation global logistics hub.

The world's first integrated port and supply chain system is expected to be fully automated and operate on 100% renewable energy. The design and construction will incorporate a range of sustainability initiatives, including recovering and reusing materials and structures where possible and using low-carbon steel frames to construct quay walls.

"This transformational port project is another major engagement for our business on Saudi giga project, NEOM, and the latest addition to a growing portfolio of port and maritime projects globally," said Jacobs Senior Vice President Europe, Asia Pacific and Middle East Keith Lawson. "As one of the world's leading port and maritime consultants, we are able to provide an unparalleled solution to NEOM that delivers on their vision, supports growth in the region and pilots this facility toward a more connected and sustainable future." 

Located on the northern Red Sea coast, the Port of NEOM is at the crossroads of the busiest trade routes, with direct access to international markets, including Asia, Europe, North America and Africa. The development of the primary seaport for northwest Saudi Arabia is expected to be a key enabler of the region's economic growth, further enhancing connectivity and attracting new business and industry to the region.

Jacobs will work alongside sub-consultants Moffatt & Nichol, IGO Solutions and Trent to deliver the transformation project. NEOM anticipates Terminal 1, the first container terminal, to be operational by 2025.

At Jacobs, we're challenging today to reinvent tomorrow by solving the world's most critical problems for thriving cities, resilient environments, mission-critical outcomes, operational advancement, scientific discovery and cutting-edge manufacturing, turning abstract ideas into realities that transform the world for good. With approximately $15 billion in annual revenue and a talent force of more than 60,000, Jacobs provides a full spectrum of professional services including consulting, technical, scientific and project delivery for the government and private sector. Visit jacobs.com and connect with Jacobs on Facebook, Instagram, LinkedIn and Twitter.

Certain statements contained in this press release constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are statements that do not directly relate to any historical or current fact. When used herein, words such as "expects," "anticipates," "believes," "seeks," "estimates," "plans," "intends," "future," "will," "would," "could," "can," "may," and similar words are intended to identify forward-looking statements. We base these forward-looking statements on management's current estimates and expectations, as well as currently available competitive, financial and economic data. Forward-looking statements, however, are inherently uncertain. There are a variety of factors that could cause business results to differ materially from our forward-looking statements including, but not limited to, the timing of the award of projects and funding and potential changes to the amounts provided for under the Infrastructure Investment and Jobs Act, as well as general economic conditions, including inflation and the actions taken by monetary authorities in response to inflation, changes in interest rates and foreign currency exchange rates, changes in capital markets, the possibility of a recession or economic downturn, geopolitical events and conflicts, and the impact of the COVID-19 pandemic, including the related reaction of governments on global and regional market conditions, among others. For a description of some additional factors that may occur that could cause actual results to differ from our forward-looking statements, see the discussions contained under Item 1 - Business; Item 1A - Risk Factors; Item 3 - Legal Proceedings; and Item 7 - Management's Discussion and Analysis of Financial Condition and Results of Operations in our most recently filed Annual Report on Form 10-K, and  Item 2 - Management's Discussion and Analysis of Financial Condition and Results of Operations; Item 1 - Legal Proceedings; and Item 1A - Risk Factors in our most recently filed Quarterly Report on Form 10-Q, as well as the company's other filings with the Securities and Exchange Commission. The company is not under any duty to update any of the forward-looking statements after the date of this press release to conform to actual results, except as required by applicable law.

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SOURCE Jacobs