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 disclosed. South Korea's Daelim Industrial was awarded two EPC contracts since July, valued at $707 million and $920 million, for key units, and Fluor Corp. won a $2-billion EPC management contract in August to develop all offsite work and utilities, including infrastructure and pipe work. Seoul-based Daewoo Engineering & Construction Co. beat stiff global competition for an estimated $400-million tank farm, among other recent awards made by the JV.