N/A Work on $20-billion chemical complex addition at Saudi site will start in 2012. A Dow Chemical Co.-Saudi Aramco joint venture has already contracted out about half of the $20-billion capital investment for its world-scale petrochemical complex in Jubail, Saudi Arabia. It expects to award all engineering, procurement and construction contracts by mid-2012, a project executive said last month. Aramco Vice President Abdulaziz Al Judaimi added that construction would start in the third quarter.Jacobs Engineering Group on Nov. 8 won the EPC management contract to provide front-end engineering design, overall construction management and other services. The contract value was not
The market is generally healthy and steadily growing, and margins are up for large specialty contractors. Further, advances in design tools and owner demand for collaboration are giving subcontractors a seat at the table early on in projects.