Fluor’s Phosphate Megaproject in Saudi Arabia Begins Production

IRVING, Texas -Friday, August 11th 2017 [ AETOS Wire ]

(BUSINESS WIRE)-- Fluor Corporation (NYSE: FLR) announced today that the Ma’aden Wa’ad Al-Shamal Phosphate Company’s (MWSPC) Umm Wu’al Phosphate Project in Saudi Arabia has started production of ammonia, merchant-grade acid and fertilizer. Fluor is providing overall program management services for this $8 billion megaproject, in addition to engineering, procurement and operations and readiness services for various scopes.

“As part of Saudi Arabia’s Vision 2030, this world-class project will have a long-lasting impact on the region, as it diversifies the country’s economy and creates local job opportunities for citizens,” said Tony Morgan, president of Fluor’s Mining and Metals business. “After less than four years from the start of the execution phase, we are proud to have partnered with Ma’aden to bring this facility to production. We look forward to continuing our partnership with Ma’aden in developing their next phase of mining projects in Saudi Arabia through our recently signed memorandum of understanding.”

Production has begun on diammonium phosphate fertilizer, merchant-grade acid and ammonia. Phosphate serves as a key element in fertilizer for agricultural crops. As one of the largest integrated phosphate fertilizer plants in the world, the facility will help meet global food supply needs by delivering 3 million metric tons per annum of diammonium phosphate and nitrogen, phosphorous and potash fertilizers.

With a peak site workforce of 28,000 from more than 50 nationalities, Fluor implemented its world-class safety programs, including its Life CriticalSM program, to support the project. As a result of these programs, the project has achieved more than 46 million consecutive work hours without a lost-time incident.

MWSPC is a joint venture between The Saudi Arabian Mining Company (Ma’aden), The Mosaic Company and Saudi Arabia Basic Industries Corporation (SABIC).

About Fluor Corporation

Fluor Corporation (NYSE: FLR) is a global engineering, procurement, fabrication, construction and maintenance company that designs, builds and maintains capital-efficient facilities for its clients on six continents. For more than a century, Fluor has served its clients by delivering innovative and integrated solutions across the globe. With headquarters in Irving, Texas, Fluor ranks 149 on the Fortune 500 list with revenue of $19 billion in 2016 and has more than 60,000 employees worldwide. For more information, please visit www.fluor.com or follow Fluor on social media at Facebook, Twitter, LinkedIn and YouTube.

Contacts

Fluor Corporation
Media Relations
Brian Mershon, 469-398-7621
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Brett Turner, 864-281-6976
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Investor Relations
Geoff Telfer, 469-398-7070
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Jason Landkamer, 469-398-7222

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