US-based Fluor has signed a memorandum of understanding (MoU) to provide support services to Saudi Arabian Mining Company's (Ma’aden) future projects located within and outside Saudi Arabia.
Under the MoU, Ma’aden will offer Fluor contracts related to conceptual; pre-front-end engineering and design (FEED); FEED, procurement and construction management, as well as programme management for future projects.
Fluor chairman and CEO David Seaton said: “This understanding would allow both parties to increase their involvement in Saudi Arabia and expand their services outside the Kingdom.
“Fluor’s legacy in Saudi Arabia dates back to 1947 and we have a strong partnership with Ma’aden, having delivered several of their mega-projects.
“We look forward to helping them advance their future projects as they continue to expand and diversify their business.”
The companies are said to have worked together for nearly ten years. During this period, Fluor has implemented work costing more than $15bn for projects, including the Ma’aden aluminum complex and the ongoing Umm Wu’al phosphate project.
The Umm Wu’al project is expected to have an annual capacity of three million tonnes per annum of DAP/MAP and NPK fertilisers upon completion.
Fluor designs, builds and maintains facilities for its clients on six continents, and reported revenue of $19bn last year.
Ma’aden is focused on gold business and operates several mines including Mahd Ad Dahab, Bulghah, Sukhaybarat, Al Amar, As-Suq and Ad Duwayhi mines.
Image: Fluor corporate headquarters. Photo: courtesy of Fluor Corporation.