AECOM (ACM) JV Awarded $72M Contract from KKIA - InvestingChannel

AECOM (ACM) JV Awarded $72M Contract from KKIA

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AECOM Technology (NYSE: ACM) announced that a joint venture in which it participates was awarded a five-year, US$72-million contract for the redevelopment and expansion of King Khaled International Airport (KKIA) in Riyadh, Saudi Arabia, to meet a future capacity of 30 million passengers annually.

AECOM will provide program support as well as project and construction management services, including administration, project planning, design management, construction management, information and data management, public relations and communications, financial management, contract management, operational readiness and airport transfer coordination services.

The project is part of a program led by the country’s General Authority of Civil Aviation to redevelop KKIA into a modern commercial airport designed to industry-leading standards.

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