KBR establishes GES+ entity in Saudi Arabia

KBR has completed the registration and licensing of a new entity to carry out general engineering and project management services under the Saudi Arabian Oil Company GES+ initiative. As part of completing the GES+ initiative, KBR acquired the business of Abdulhadi and Al-Moaibed Consulting Engineering Co., a Saudi owned professional engineering company, and officially formed KBR-AMCDE. KBR will hold a 67% interest in this new entity