Saturday, August 6, 2011

Fluor Awarded Utilities and Offsites Contract for Sadara Chemical Company JV in Saudi Arabia

Saudi Aramco and Dow joint venture to build one of world’s largest chemical complexes


IRVING, Texas - Saturday, August 6th 2011 [ME NewsWire]

(BUSINESS WIRE)-- Fluor Corporation (NYSE: FLR) announced today that the SaudiArabian Oil Company (Saudi Aramco) and The Dow Chemical Co. (Dow) (NYSE: DOW) have awarded the firm a reimbursableengineering, procurement and construction management (EPCM) contract for all of the utilities and offsites at the al-Jubail chemical complex in Saudi Arabia. The complex will be owned and operated by the Sadara Chemical Company (Sadara), a joint venture to be formed by Saudi Aramco and Dow. Fluor booked the undisclosed value in the second quarter.

The new chemicals complex is expected to be the largest single-phase development in the world, with a planned investment of $20 billion. Ensuring that the utilities, offsites and infrastructure and interconnecting piping arrangements are timely is a vital component of this unprecedented project.

Fluor’s al-Khobar, Saudi Arabia; Farnborough, UK; Manila, Philippines; and Houston offices will collaborate on delivering the contract requirements.

Fluor has a long-standing relationship with Dow working on many successful projects over the past decades. This significant award has positioned Fluor to re-engage with Saudi Aramco and to continue working with Dow.

About Fluor Corporation

Fluor Corporation (NYSE: FLR) designs, builds and maintains many of the world's most challenging and complex projects. Through its global network of offices on six continents, the company provides comprehensive capabilities and world-class expertise in the fields of engineering, procurement, construction, commissioning, operations, maintenance and project management. Headquartered in Irving, Texas, Fluor is a FORTUNE 200 company and had revenue of $20.8 billion in 2010. For more information, visit www.fluor.com.

Contacts

Fluor Corporation

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Keith Stephens,

469-398-7624



Brian Mershon,

469-398-7621



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Jason Landkamer,

469-398-7222

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