Fluor Corporation (Fluor) has signed a Memorandum of Understanding (MoU) with Saudi Arabian Mining Company (Ma’aden) to support future Ma’aden projects that are located both 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 programme management contracting services for Ma’aden’s future projects.
Fluor and Ma’aden have worked together for almost 10 years. During that time, Fluor has executed work in excess of US$15 billion for projects including the Ma’aden Aluminum Complex and the ongoing Umm Wu’al Phosphate project.
“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 CEO, who signed the MoU at the inaugural Saudi-US 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 projects. We look forward to helping them advance their future projects as they continue to expand and diversify their business.”