Jacobs Engineering CEO on Saudi Aramco Joint Venture

The transcript discusses a CEO forum focused on business growth and Vision 2030, highlighting a joint venture with Saudi Aramco aimed at upgrading social infrastructure and diversifying the economy. The venture will bring US talent to Saudi Arabia, enhancing job opportunities. Despite US investigations, the global infrastructure movement remains promising, especially with President Trump's visit. The venture is expected to be operational by fall 2023.

What is the primary goal of the joint venture announced with Saudi Aramco?

• To reduce taxes in Saudi Arabia

• To increase oil production

• To build a new financial district

• To improve social infrastructure and diversify the economy

Which sectors are included in the joint venture's focus for economic expansion?

• Mining and forestry

• Technology and agriculture

• Housing, entertainment, and aviation

• Healthcare and education

How will the joint venture benefit the US job market?

• By reducing US unemployment benefits

• By outsourcing jobs to Saudi Arabia

• By importing Saudi goods to the US

• By involving US talent in Saudi projects

What was the impact of US-based investigations on the discussions about the joint venture?

• They delayed the project

• They had no impact

• They caused the project to be canceled

• They increased project costs

When is the joint venture expected to be fully operational?

• By the summer of next year

• In two years

• By the fall of this year

• By the end of next year