Fluor Forms Fluor Kuwait as Part of its Middle East Expansion

As part of its expansion in the Middle East, Fluor has signed an agreement to form Fluor Kuwait, a local company in the State of Kuwait, with Fouad Alghanim and Sons General Trading and Contracting Company, W.L.L., a Kuwaiti conglomerate active in various commercial and industrial businesses. Fluor Kuwait's focus will be to provide engineering, procurement, construction (EPC) and operations and maintenance (O&M) services for energy, chemicals and power projects in Kuwait.

"We have enjoyed a very successful business relationship with Fluor over the past 15 years, which has now evolved into the formation of Fluor Kuwait. We are quite optimistic about the future prospects of Fluor Kuwait, and we look forward to being able to support our clients with their capital projects in Kuwait," said Fouad Alghanim, the chairman of Fouad Alghanim and Sons Group of Companies.

"The Middle East is an extremely important region to Fluor, where in the last 30 years, we have executed numerous projects. Kuwait, with nine percent of the world's known oil and nearly one percent of natural gas reserves, is one of the most important countries in the region and to our company. Fluor Kuwait is currently pursuing a significant number of projects in the upstream, downstream and chemicals businesses," said Jeff Faulk, president of Fluor's Energy & Chemicals group.

Fluor Kuwait is already fully integrated into Fluor's global knowledge networks. In supporting its clients, Fluor Kuwait's personnel are utilising the latest technologies and state-of-the-art programs available to Fluor employees worldwide, including computer-aided design hardware, 3-D Plant Design Systems and Knowledge OnLine, Fluor's global online knowledge management system. In the coming year, Fluor Kuwait plans to double the size of its current organisation.

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Posted 26/04/06

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