Jacobs Secures Design Consultant Contract For Global Logistics Hub In Saudi Arabia
Portfolio Pulse from Benzinga Newsdesk
Jacobs has secured a design consultant contract for a global logistics hub in NEOM's new industrial city, Oxagon, in Saudi Arabia. The project aims to transform the existing facility into a net zero, next-generation global logistics hub. Terminal 1, the first container terminal, is expected to be operational by 2025. Jacobs will collaborate with sub-consultants Moffatt & Nichol, IGO Solutions, and Trent to deliver the project.
September 18, 2023 | 11:49 am
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Jacobs has secured a significant contract to design a global logistics hub in Saudi Arabia, which could boost its revenues and profitability in the coming years.
Securing a contract for a major project like the global logistics hub in Saudi Arabia is a significant win for Jacobs. This could lead to increased revenues and profitability for the company in the coming years, especially once the first terminal becomes operational in 2025. Therefore, this news is likely to have a positive impact on Jacobs' stock price in the short term.
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