Aecom Technology Corp. said Monday it signed a contract with Abu Dhabi's Tourism Development and Investment Co. to provide development management services for a big cultural district and for other projects in the United Arab Emirates.
Revenue from the contract is estimated to exceed $210 million through 2013, said Los Angeles-based Aecom. The company, which provides technical and management support services typically for construction projects, will provide overall program management services, supplemented by master planning, landscape architecture, economics and architecture-engineering services on certain facilities.
When complete, the district, called the Saadiyat Island Cultural District, will include several notable museums, including the Guggenheim Abu Dhabi Museum designed by Frank O. Gehry; the Louvre Abu Dhabi by Jean Nouvel; and the Sheikh Zayed National Museum designed by Lord Norman Foster. The project also includes more than one million square feet of mixed-use facilities.
"We are excited to play a key role in bringing Saadiyat Island's Cultural District to life and further establishing Abu Dhabi's position as a premier international destination," said Chief Executive Officer John Dionisio in a statement.
Aecom shares were up 27 cents, or 1.5 percent, to $18 in morning trading on the New York Stock Exchange.
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