Latest news with #AECOM
National Post
19 hours ago
- Business
- National Post
AECOM enters strategic partnership with SILZ Company to support Saudi integrated logistics growth
Article content DALLAS — AECOM (NYSE: ACM), the trusted global infrastructure leader, today announced a strategic partnership with Special Integrated Logistics Zones Company (SILZ), the Kingdom of Saudi Arabia's premier developer and operator of integrated logistics zones. This partnership is designed to accelerate Saudi Arabia's emergence as a global integrated logistics leader, aligning with Saudi Vision 2030's goals of economic diversification, sustainable development, and enhanced global trade integration. Article content As part of the agreement, AECOM is delivering project management consultancy and strategic advisory services for Riyadh Integrated, SILZ's flagship integrated logistics zone, located only eight kilometers from King Khalid International Cargo Village, with direct access to key transport corridors. Purpose-built to serve high-growth sectors such as information and communications technology, pharmaceuticals and aerospace, the zone offers a fully integrated logistics ecosystem, including pre-built warehouses, build-to-suit units, land plots, offices, and showrooms. Article content 'This collaboration marks the foundation of a long-term relationship built on shared ambition and innovation,' said Hamed Zaghw, chief executive of AECOM's Middle East and Africa region. 'As SILZ Company transforms the integrated logistics landscape in Saudi Arabia, we're proud to serve as their trusted advisor, guiding vision into action and advancing a bold infrastructure strategy that supports economic vitality and international investment.' Article content 'This strategic partnership with AECOM marks a pivotal moment for SILZ Company and for Saudi Arabia's ambitious journey to become a global integrated logistics powerhouse,' said Dr. Fadi Al-Buhairan, chief executive officer, SILZ Company. 'This collaboration with AECOM, a trusted global leader in infrastructure, is instrumental in translating that bold vision into tangible action. Their expertise in project management and strategic advisory will accelerate the development of Riyadh Integrated, ensuring we deliver world-class infrastructure and services tailored for high-growth sectors.' Article content 'We're proud to bring together our deep regional insight and global expertise to help shape the future of integrated logistics in Saudi Arabia,' said Jason Kroll, chief executive, AECOM Arabia. 'This partnership reflects the ongoing demand for our industry-leading advisory services and underscores the value we deliver as the world's top transportation design firm.' Article content About AECOM Article content AECOM (NYSE: ACM) is the global infrastructure leader, committed to delivering a better world. As a trusted professional services firm powered by deep technical abilities, we solve our clients' complex challenges in water, environment, energy, transportation and buildings. Our teams partner with public- and private-sector clients to create innovative, sustainable and resilient solutions throughout the project lifecycle – from advisory, planning, design and engineering to program and construction management. AECOM is a Fortune 500 firm that had revenue of $16.1 billion in fiscal year 2024. Learn more at Article content . Article content The Special Integrated Logistics Zone Company (SILZ) is the developer and operator of integrated logistics zones in Saudi Arabia. Using advanced technology, industry expertise, and smart infrastructure, SILZ Company sets new efficiency and value-chain integration standards. Article content The company aims to become the global benchmark for logistics zones by enabling sustainable, future-ready supply chains, supporting companies investing in the region, and contributing to the Kingdom's economic diversification and Saudi Vision 2030. Article content About Riyadh Integrated – The Special Integrated Logistics Zone Article content Riyadh Integrated, the Kingdom's first integrated logistics zone, is located just eight kilometers from King Khalid International Cargo Village. With a focus on light manufacturing, logistics, and trade, it offers a full-service ecosystem including a one-stop shop, value-added services, and competitive incentives, including 50-year tax relief and 100% foreign ownership. It is built for global industries, such as ICT, pharmaceuticals, aerospace, and more. Article content Forward-Looking Statements Article content All statements in this communication other than statements of historical fact are 'forward-looking statements' for purposes of federal and state securities laws, including any statements of the plans, strategies and objectives for future operations, profitability, strategic value creation, capital allocation strategy including stock repurchases, risk profile and investment strategies, and any statements regarding future economic conditions or performance, and the expected financial and operational results of AECOM. Although we believe that the expectations reflected in our forward-looking statements are reasonable, actual results could differ materially from those projected or assumed in any of our forward-looking statements. Important factors that could cause our actual results, performance and achievements, or industry results to differ materially from estimates or projections contained in our forward-looking statements include, but are not limited to, the following: our business is cyclical and vulnerable to economic downturns and client spending reductions; potential government shutdowns, changes in administration or other funding directives and circumstances that may cause governmental agencies to modify, curtail or terminate our contracts; losses under fixed-price contracts; limited control over operations that run through our joint venture entities; liability for misconduct by our employees or consultants; changes in government laws, regulations and policies, including failure to comply with laws or regulations applicable to our business; maintaining adequate surety and financial capacity; potential high leverage and inability to service our debt and guarantees; ability to continue payment of dividends; exposure to political and economic risks in different countries, including tariffs and trade policies, geopolitical events, and conflicts; inflation, currency exchange rates and interest rate fluctuations; changes in capital markets and stock market volatility; retaining and recruiting key technical and management personnel; legal claims and litigation; inadequate insurance coverage; environmental law compliance and adequate nuclear indemnification; unexpected adjustments and cancellations related to our backlog; partners and third parties who may fail to satisfy their legal obligations; managing pension costs; AECOM Capital real estate development projects; cybersecurity issues, IT outages and data privacy; risks associated with the benefits and costs of the sale of our Management Services and self-perform at-risk civil infrastructure, power construction and oil and gas businesses, including the risk that any purchase adjustments from those transactions could be unfavorable and result in any future proceeds owed to us as part of the transactions could be lower than we expect; as well as other additional risks and factors that could cause actual results to differ materially from our forward-looking statements set forth in our reports filed with the Securities and Exchange Commission. Any forward-looking statements are made as of the date hereof. We do not intend, and undertake no obligation, to update any forward-looking statement. Article content Article content Article content Article content Media Contact Article content : Article content Article content Brendan Ranson-Walsh Article content Article content Article content 1.213.996.2367 Article content Article content Article content Investor Contact Article content : Article content Article content Will Gabrielski Article content Article content Article content Article content
Globe and Mail
19 hours ago
- Business
- Globe and Mail
AECOM enters strategic partnership with SILZ Company to support Saudi integrated logistics growth
AECOM (NYSE: ACM), the trusted global infrastructure leader, today announced a strategic partnership with Special Integrated Logistics Zones Company (SILZ), the Kingdom of Saudi Arabia's premier developer and operator of integrated logistics zones. This partnership is designed to accelerate Saudi Arabia's emergence as a global integrated logistics leader, aligning with Saudi Vision 2030's goals of economic diversification, sustainable development, and enhanced global trade integration. As part of the agreement, AECOM is delivering project management consultancy and strategic advisory services for Riyadh Integrated, SILZ's flagship integrated logistics zone, located only eight kilometers from King Khalid International Cargo Village, with direct access to key transport corridors. Purpose-built to serve high-growth sectors such as information and communications technology, pharmaceuticals and aerospace, the zone offers a fully integrated logistics ecosystem, including pre-built warehouses, build-to-suit units, land plots, offices, and showrooms. 'This collaboration marks the foundation of a long-term relationship built on shared ambition and innovation,' said Hamed Zaghw, chief executive of AECOM's Middle East and Africa region. 'As SILZ Company transforms the integrated logistics landscape in Saudi Arabia, we're proud to serve as their trusted advisor, guiding vision into action and advancing a bold infrastructure strategy that supports economic vitality and international investment.' "This strategic partnership with AECOM marks a pivotal moment for SILZ Company and for Saudi Arabia's ambitious journey to become a global integrated logistics powerhouse,' said Dr. Fadi Al-Buhairan, chief executive officer, SILZ Company. 'This collaboration with AECOM, a trusted global leader in infrastructure, is instrumental in translating that bold vision into tangible action. Their expertise in project management and strategic advisory will accelerate the development of Riyadh Integrated, ensuring we deliver world-class infrastructure and services tailored for high-growth sectors.' 'We're proud to bring together our deep regional insight and global expertise to help shape the future of integrated logistics in Saudi Arabia,' said Jason Kroll, chief executive, AECOM Arabia. 'This partnership reflects the ongoing demand for our industry-leading advisory services and underscores the value we deliver as the world's top transportation design firm.' About AECOM AECOM (NYSE: ACM) is the global infrastructure leader, committed to delivering a better world. As a trusted professional services firm powered by deep technical abilities, we solve our clients' complex challenges in water, environment, energy, transportation and buildings. Our teams partner with public- and private-sector clients to create innovative, sustainable and resilient solutions throughout the project lifecycle – from advisory, planning, design and engineering to program and construction management. AECOM is a Fortune 500 firm that had revenue of $16.1 billion in fiscal year 2024. Learn more at About Special Integrated Logistics Zone Company (SILZ) The Special Integrated Logistics Zone Company (SILZ) is the developer and operator of integrated logistics zones in Saudi Arabia. Using advanced technology, industry expertise, and smart infrastructure, SILZ Company sets new efficiency and value-chain integration standards. The company aims to become the global benchmark for logistics zones by enabling sustainable, future-ready supply chains, supporting companies investing in the region, and contributing to the Kingdom's economic diversification and Saudi Vision 2030. About Riyadh Integrated - The Special Integrated Logistics Zone Riyadh Integrated, the Kingdom's first integrated logistics zone, is located just eight kilometers from King Khalid International Cargo Village. With a focus on light manufacturing, logistics, and trade, it offers a full-service ecosystem including a one-stop shop, value-added services, and competitive incentives, including 50-year tax relief and 100% foreign ownership. It is built for global industries, such as ICT, pharmaceuticals, aerospace, and more. Forward-Looking Statements All statements in this communication other than statements of historical fact are 'forward-looking statements' for purposes of federal and state securities laws, including any statements of the plans, strategies and objectives for future operations, profitability, strategic value creation, capital allocation strategy including stock repurchases, risk profile and investment strategies, and any statements regarding future economic conditions or performance, and the expected financial and operational results of AECOM. Although we believe that the expectations reflected in our forward-looking statements are reasonable, actual results could differ materially from those projected or assumed in any of our forward-looking statements. Important factors that could cause our actual results, performance and achievements, or industry results to differ materially from estimates or projections contained in our forward-looking statements include, but are not limited to, the following: our business is cyclical and vulnerable to economic downturns and client spending reductions; potential government shutdowns, changes in administration or other funding directives and circumstances that may cause governmental agencies to modify, curtail or terminate our contracts; losses under fixed-price contracts; limited control over operations that run through our joint venture entities; liability for misconduct by our employees or consultants; changes in government laws, regulations and policies, including failure to comply with laws or regulations applicable to our business; maintaining adequate surety and financial capacity; potential high leverage and inability to service our debt and guarantees; ability to continue payment of dividends; exposure to political and economic risks in different countries, including tariffs and trade policies, geopolitical events, and conflicts; inflation, currency exchange rates and interest rate fluctuations; changes in capital markets and stock market volatility; retaining and recruiting key technical and management personnel; legal claims and litigation; inadequate insurance coverage; environmental law compliance and adequate nuclear indemnification; unexpected adjustments and cancellations related to our backlog; partners and third parties who may fail to satisfy their legal obligations; managing pension costs; AECOM Capital real estate development projects; cybersecurity issues, IT outages and data privacy; risks associated with the benefits and costs of the sale of our Management Services and self-perform at-risk civil infrastructure, power construction and oil and gas businesses, including the risk that any purchase adjustments from those transactions could be unfavorable and result in any future proceeds owed to us as part of the transactions could be lower than we expect; as well as other additional risks and factors that could cause actual results to differ materially from our forward-looking statements set forth in our reports filed with the Securities and Exchange Commission. Any forward-looking statements are made as of the date hereof. We do not intend, and undertake no obligation, to update any forward-looking statement.
Business Wire
20 hours ago
- Business
- Business Wire
AECOM enters strategic partnership with SILZ Company to support Saudi integrated logistics growth
DALLAS--(BUSINESS WIRE)--AECOM (NYSE: ACM), the trusted global infrastructure leader, today announced a strategic partnership with Special Integrated Logistics Zones Company (SILZ), the Kingdom of Saudi Arabia's premier developer and operator of integrated logistics zones. This partnership is designed to accelerate Saudi Arabia's emergence as a global integrated logistics leader, aligning with Saudi Vision 2030's goals of economic diversification, sustainable development, and enhanced global trade integration. As part of the agreement, AECOM is delivering project management consultancy and strategic advisory services for Riyadh Integrated, SILZ's flagship integrated logistics zone, located only eight kilometers from King Khalid International Cargo Village, with direct access to key transport corridors. Purpose-built to serve high-growth sectors such as information and communications technology, pharmaceuticals and aerospace, the zone offers a fully integrated logistics ecosystem, including pre-built warehouses, build-to-suit units, land plots, offices, and showrooms. 'This collaboration marks the foundation of a long-term relationship built on shared ambition and innovation,' said Hamed Zaghw, chief executive of AECOM's Middle East and Africa region. 'As SILZ Company transforms the integrated logistics landscape in Saudi Arabia, we're proud to serve as their trusted advisor, guiding vision into action and advancing a bold infrastructure strategy that supports economic vitality and international investment.' "This strategic partnership with AECOM marks a pivotal moment for SILZ Company and for Saudi Arabia's ambitious journey to become a global integrated logistics powerhouse,' said Dr. Fadi Al-Buhairan, chief executive officer, SILZ Company. 'This collaboration with AECOM, a trusted global leader in infrastructure, is instrumental in translating that bold vision into tangible action. Their expertise in project management and strategic advisory will accelerate the development of Riyadh Integrated, ensuring we deliver world-class infrastructure and services tailored for high-growth sectors.' 'We're proud to bring together our deep regional insight and global expertise to help shape the future of integrated logistics in Saudi Arabia,' said Jason Kroll, chief executive, AECOM Arabia. 'This partnership reflects the ongoing demand for our industry-leading advisory services and underscores the value we deliver as the world's top transportation design firm.' About AECOM AECOM (NYSE: ACM) is the global infrastructure leader, committed to delivering a better world. As a trusted professional services firm powered by deep technical abilities, we solve our clients' complex challenges in water, environment, energy, transportation and buildings. Our teams partner with public- and private-sector clients to create innovative, sustainable and resilient solutions throughout the project lifecycle – from advisory, planning, design and engineering to program and construction management. AECOM is a Fortune 500 firm that had revenue of $16.1 billion in fiscal year 2024. Learn more at About Special Integrated Logistics Zone Company (SILZ) The Special Integrated Logistics Zone Company (SILZ) is the developer and operator of integrated logistics zones in Saudi Arabia. Using advanced technology, industry expertise, and smart infrastructure, SILZ Company sets new efficiency and value-chain integration standards. The company aims to become the global benchmark for logistics zones by enabling sustainable, future-ready supply chains, supporting companies investing in the region, and contributing to the Kingdom's economic diversification and Saudi Vision 2030. About Riyadh Integrated - The Special Integrated Logistics Zone Riyadh Integrated, the Kingdom's first integrated logistics zone, is located just eight kilometers from King Khalid International Cargo Village. With a focus on light manufacturing, logistics, and trade, it offers a full-service ecosystem including a one-stop shop, value-added services, and competitive incentives, including 50-year tax relief and 100% foreign ownership. It is built for global industries, such as ICT, pharmaceuticals, aerospace, and more. Forward-Looking Statements All statements in this communication other than statements of historical fact are 'forward-looking statements' for purposes of federal and state securities laws, including any statements of the plans, strategies and objectives for future operations, profitability, strategic value creation, capital allocation strategy including stock repurchases, risk profile and investment strategies, and any statements regarding future economic conditions or performance, and the expected financial and operational results of AECOM. Although we believe that the expectations reflected in our forward-looking statements are reasonable, actual results could differ materially from those projected or assumed in any of our forward-looking statements. Important factors that could cause our actual results, performance and achievements, or industry results to differ materially from estimates or projections contained in our forward-looking statements include, but are not limited to, the following: our business is cyclical and vulnerable to economic downturns and client spending reductions; potential government shutdowns, changes in administration or other funding directives and circumstances that may cause governmental agencies to modify, curtail or terminate our contracts; losses under fixed-price contracts; limited control over operations that run through our joint venture entities; liability for misconduct by our employees or consultants; changes in government laws, regulations and policies, including failure to comply with laws or regulations applicable to our business; maintaining adequate surety and financial capacity; potential high leverage and inability to service our debt and guarantees; ability to continue payment of dividends; exposure to political and economic risks in different countries, including tariffs and trade policies, geopolitical events, and conflicts; inflation, currency exchange rates and interest rate fluctuations; changes in capital markets and stock market volatility; retaining and recruiting key technical and management personnel; legal claims and litigation; inadequate insurance coverage; environmental law compliance and adequate nuclear indemnification; unexpected adjustments and cancellations related to our backlog; partners and third parties who may fail to satisfy their legal obligations; managing pension costs; AECOM Capital real estate development projects; cybersecurity issues, IT outages and data privacy; risks associated with the benefits and costs of the sale of our Management Services and self-perform at-risk civil infrastructure, power construction and oil and gas businesses, including the risk that any purchase adjustments from those transactions could be unfavorable and result in any future proceeds owed to us as part of the transactions could be lower than we expect; as well as other additional risks and factors that could cause actual results to differ materially from our forward-looking statements set forth in our reports filed with the Securities and Exchange Commission. Any forward-looking statements are made as of the date hereof. We do not intend, and undertake no obligation, to update any forward-looking statement.
The Sun
6 days ago
- Business
- The Sun
AECOM to enhance mobility across the Greater Bay Area by delivering the Hong Kong Section of Hong Kong–Shenzhen Western Rail Link (Hung Shui Kiu-Qianhai)
HONG KONG SAR - Media OutReach Newswire - 23 July 2025 - AECOM, the trusted global infrastructure leader, today announced that its joint venture with AtkinsRéalis has been awarded the consultancy agreement by the Highways Department of the HKSAR Government for the Hong Kong Section of Hong Kong–Shenzhen Western Rail Link (Hung Shui Kiu-Qianhai) (HSWRL). This cross-boundary railway project, a key initiative under the Northern Metropolis Development Strategy, will significantly enhance connectivity across the Greater Bay Area, particularly between Hong Kong and Shenzhen. 'We're proud to support Highways Department as it expands its world-class railway network for greater regional mobility,' said Mark Southwell, chief executive of AECOM's global Transportation business. 'Our teams have delivered some of Hong Kong's most transformative railway projects, and we look forward to applying our expertise as the world's top rail and mass transit firm to realize this complex infrastructure initiative.' HSWRL will contribute to a more sustainable urban environment while fostering economic integration, cultural exchange, improved accessibility across the region, and facilitating Hong Kong's better integration into the national development. A trip from Hung Shui Kiu to Qianhai will only take approximately 15 minutes — an improvement that supports the development of a 'one-hour living circle' in the Greater Bay Area and facilitates cross-boundary commuting. 'This award reflects the global experience, Mainland-Hong Kong cross-border expertise and deep sector knowledge that our integrated team brings to complex infrastructure projects,' said Ian Chung, chief executive of AECOM's Asia region. 'Having worked extensively on key projects in the region, we are honored to collaborate with the HKSAR Government on this vital cross-boundary link. By combining our technical excellence with a proven track record, we remain committed to achieving the highest standards of service for our clients.' The consultancy agreement covers investigation, design and construction for the approximately 7.3-kilometer Hong Kong Section of the HSWRL, which will connect Hung Shui Kiu to the boundary with Shenzhen. The full railway will span around 18.1 kilometers, including 10.8 kilometers in Shenzhen, comprehensively integrating metro networks across the western regions of both cities. To maximize efficiency, transparency and quality, the project will adopt a single Common Data Environment (CDE) and a unified Building Information Modeling (BIM) platform across all project stages, supporting collaboration and cost-effective, timely outcomes. The project is among the strategic transport initiatives highlighted in Hong Kong's 2023 Major Transport Infrastructure Development Blueprint. AECOM contributed to the development of this long-term vision through its involvement in the Strategic Studies on Railways and Major Roads beyond 2030, helping to shape the region's future transport network and advancing greater integration within the Greater Bay Area. In addition to this strategic support, AECOM has delivered numerous high-profile railway projects across Hong Kong, including Hong Kong West Kowloon Station, Shatin to Central Link and Tuen Mun South Extension.
CTV News
6 days ago
- Automotive
- CTV News
Province shifts Hwy. 11 passing lane project into high gear
The province is moving ahead with a new passing lane pilot project on Highway 11 between North Bay and Temiskaming Shores. Hwy. 11 to expand to three lanes near North Bay The Ontario government is moving ahead with a new passing lane pilot project on Highway 11 between North Bay and Temiskaming Shores. The three-lane highway has a centre passing lane that changes direction every few kilometres. The idea is to make highway travels safer for northern Ontario drivers. The province announced Friday morning it awarded a contract to AECOM Canada Ltd. to begin the environmental assessment and design work on the 2+1 highway, as it's known. 'We know it's a model that works,' said Mark Wilson, a member of the 'Going The Extra Mile Safety' group (GEMS). 'It suits really well for northern Ontario and the traffic volumes that we have here.' The design is a continually alternating three-lane highway with a barrier between the opposing lanes. The GEMS group has been pushing for the project for a number of years. In December 2021, Ontario Transportation Minister Caroline Mulroney said completing the roadway will cost between $1 million and $3 million per kilometre. CTV News contacted the Ministry of Transportation for a comment on the project's status. A spokesman said no one was available. 'We're making great progress on our plan to build Ontario as we continue to work closely with communities and safety advocates to build a safer transportation network,' Mulroney said in a news release. Statistics show the 2+1 roads have reduced fatalities between 55 and 80 per cent while also improving travel times. The province identified two 15-kilometre stretches of the highway for the proposed project: between Sand Dam Road to Ellesmere Road and between Highway 64 to Jumping Caribou Lake Road. The locations were selected based on a site selection criteria report from the MTO, which included representation from the GEMS group. 'It needs to be part of a network and needs to be another model that we can use in Ontario between smaller two-lane rural highways,' said Wilson. The idea comes from Sweden. The country had about 3,000 kilometres of 2+1 roads as of early 2022 and it continues to build more. In 2021, Mulroney told reporters that once the design phase is complete, it will take between three to four years to build. 'We're really pleased and happy to see it move forward,' said Wilson. Once completed, Highway 11 will be the first 2+1 highway pilot project in North America.
