IRVING, Texas & AL KHOBAR, Saudi Arabia–(BUSINESS WIRE)–Fluor Corporation (NYSE: FLR) announced today that it has signed a memorandum of understanding (MOU) with Saudi Arabian Mining Company (Ma’aden) to support future Ma’aden projects located within and outside the Kingdom of Saudi Arabia.
Under the MOU, Fluor would be considered for conceptual; pre-front-end engineering and design (FEED); FEED; engineering, procurement and construction management; and program management contracting services for future projects.
“This understanding would allow both parties to increase their involvement in Saudi Arabia and expand their services outside the Kingdom,” said David Seaton, Fluor’s chairman and chief executive officer, who signed the MOU at the inaugural Saudi-U.S. CEO Forum in Riyadh recently. “Fluor’s legacy in Saudi Arabia dates back to 1947 and we have a strong partnership with Ma’aden, having delivered several of their mega-projects. We look forward to helping them advance their future projects as they continue to expand and diversify their business.”
Fluor has worked with Ma’aden for almost 10 years. During that time, Fluor has executed work in excess of $15 billion for projects including the Ma’aden Aluminum Complex and the ongoing Umm Wu’al Phosphate Project.