Development bolsters housing supply,cultivates job opportunities and revitalizes community

DALLAS,Aug. 27,2024 -- Halcrow,a Jacobs-owned company and AECOM Joint Venture has secured a consultancy agreement with the Civil Engineering and Development Department (CEDD) for the first phase of the San Tin Technopole in Hong Kong. The development is one of the strategic growth initiatives under the Hong Kong 2030+ Study to reshape the built environment while incorporating smart,green and resilient initiatives.

The awarded consultancy covers an extensive 250-hectare land development within the Northern Metropolis for an international innovation and technology center,the San Tin Technopole,to support innovation and technology development,housing,community and commercial facilities. The project will adopt an integrated low-carbon infrastructure system to meet carbon neutrality goals before 2050 and leverage digital strategies such as building information modeling and digital twins.

"We continue to play a vital role in Hong Kong's transformation – from supporting the delivery of critical transport infrastructure,reimagining urban landscapes and built environments,to safeguarding the city's future," said Jacobs Vice President Asia Sinead Giblin. "This appointment provides us the opportunity to build on that knowledge and experience,to create vibrant communities and places,and help meet Hong Kong's long-term housing,social and economic needs long into the future."

The scope of work includes design review,detailed design,tendering,construction supervision,and associated engineering infrastructure works for roads,bridges,drainage systems,sewerage,waterworks,pumping stations,reservoirs and a common utility tunnel.

The project will be executed in multiple phases and is expected to have first population and business intake in 2031.

At Jacobs,we're challenging today to reinvent tomorrow by solving the world's most critical problems for thriving cities,resilient environments,mission-critical outcomes,operational advancement,scientific discovery and cutting-edge manufacturing,turning abstract ideas into realities that transform the world for good. With approximately $15 billion in annual revenue and a talent force of more than 60,000,Jacobs provides a full spectrum of professional services including consulting,technical,scientific and project delivery for the government and private sector. Visitjacobs.comand connect with Jacobs on Facebook,Instagram,LinkedInand X.

Certain statements contained in this press release constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are statements that do not directly relate to any historical or current fact. When used herein,words such as "expects," "anticipates," "believes," "seeks," "estimates," "plans," "intends," "future," "will," "would," "could," "can," "may," and similar words are intended to identify forward-looking statements. We base these forward-looking statements on management's current estimates and expectations,as well as currently available competitive,financial and economic data. Forward-looking statements,however,are inherently uncertain. There are a variety of factors that could cause business results to differ materially from our forward-looking statements including,but not limited to,our plans to spin off and merge with Amentum our Critical Missions Solutions business and a portion of our Divergent Solutions business in a proposed transaction that is intended to be tax-free to stockholders for U.S. federal income tax purposes,the timing of the award of projects and funding and potential changes to the amounts provided for under the Infrastructure Investment and Jobs Act and other legislation related to governmental spending,as well as general economic conditions,including inflation and the actions taken by monetary authorities in response to inflation,changes in interest rates and foreign currency exchange rates,changes in capital markets,the possibility of a recession or economic downturn,geopolitical events and conflicts,and the impact of any future pandemic or infectious disease outbreak,including the related reaction of governments on global and regional market conditions,among others. For a description of some additional factors that may occur that could cause actual results to differ from our forward-looking statements,see the discussions contained under Item 1 - Business; Item 1A - Risk Factors; Item 3 - Legal Proceedings; and Item 7 - Management's Discussion and Analysis of Financial Condition and Results of Operations in our most recently filed Annual Report on Form 10-K,andItem 2 - Management's Discussion and Analysis of Financial Condition and Results of Operations; Item 1 - Legal Proceedings; and Item 1A - Risk Factors in our most recently filed Quarterly Report on Form 10-Q,as well as the company's other filings with the Securities and Exchange Commission. The company is not under any duty to update any of the forward-looking statements after the date of this press release to conform to actual results,except as required by applicable law.

For press/media inquiries:

media@jacobs.com