Fluor Corporation (NYSE: FLR) announced today that the company executed
a contract with Qatar’s Public Works Authority (Ashghal) to provide
program management and construction supervision services for the
approximately $5 billion Sharq Crossing program – previously referred to
as the Doha Bay Crossing program. A formal notice of award was received
in January and the contract was recently signed by both parties. The
approximately $185 million contract will be booked in Fluor’s second
quarter of 2013.
Sharq Crossing is a marquee program in Qatar’s ambitious development
plans ahead of the 2022 FIFA World Cup. The project will traverse Doha
Bay and will comprise bridge sections interconnected by an immersed tube
tunnel to create a new passageway beneath the waters of Doha Bay.
Completion of the system is required by 2020 to support the run-up to
the World Cup event.
“We are extremely proud to have been chosen to work side-by-side with
Ashghal to develop and oversee this landmark project that will help
transform the landscape of Doha,” said Herb Morgan, business line lead
for Fluor Infrastructure. “Fluor’s strategic program management
experience in the Middle East underscores the value we bring to our
clients on major transportation and infrastructure projects like Sharq
Crossing.”
The project will be led from Fluor’s Doha, Qatar, office with support
from the Abu Dhabi and Greenville, S.C., offices. A team has already
mobilized to the field and is supporting the client on the project.
About Fluor Corporation
For more than 100 years, Fluor Corporation (NYSE: FLR) has partnered
with its clients to design, build and maintain many of the world's most
challenging and complex capital projects. Through its global network of
offices on six continents, more than 40,000 employees provide
comprehensive capabilities and world-class expertise in the fields of
engineering, procurement, construction, commissioning, fabrication,
operations, maintenance and project management. Today, the company
serves a global client base in the energy, chemicals, government,
industrial, infrastructure, operations & maintenance, manufacturing &
life sciences, mining, power and transportation sectors. Headquartered
in Irving, Texas, Fluor ranks 110 on the FORTUNE 500 list and had
revenue of $27.6 billion in 2012. For more information, visit www.fluor.com.
Fluor CorporationMedia Relations:Keith Stephens, 469-398-7624orBrian Mershon, 469-398-7621orInvestor Relations:Ken Lockwood, 469-398-7220orJason Landkamer, 469-398-7222