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Bechtel Group, Inc.
The Company
Bechtel Group, Inc. (Bechtel) is a privately held global engineering, construction and project management company primarily engaged in work in the areas of fossil fuels and nuclear energy plants, refineries and petrochemicals complexes.
The Situation
Ras Al Zawr is a proposed fertilizer, minerals, and metals industrial zone located on the Arabian Gulf coast of Saudi Arabia, approximately 120km north of Jubail Industrial City. Ras Al Zawr has been allocated to the Saudi Arabian Minerals Company (Ma’aden), a major mineral resource company in the Middle East which has several large mines already established across the Kingdom of Saudi Arabia, for the development of primary industries and supporting infrastructure. At Ras Al Zawr, Ma’aden is developing a phosphate processing plant, alumina refinery, alumina smelter, inside-the-fence power plant (IWPP), desalination plant, and a port.
The Royal Commission of Jubail and Yanbu has been given authority to develop the overall master plan for the Ras Al Zawr Industrial Zone adjacent to the current planned facilities by Ma’aden, develop the infrastructure outside the boundaries of those currently planned, and run the operations and maintenance for the whole area. This industrial zone development will
involve the identification and development of a secondary industries footprint to complement the planned Ma’aden footprint.
The transaction
KPMG Corporate Finance LLC was engaged by Bechtel to undertake an Industrial Market Study on the Ras Al Zawr project, specifically to assist in determining an appropriate industrial program mix. The study will provide input and guidance into both a program of secondary industry development as well as the master planning inputs that will be applied in determining and optimizing a program for industry development.
The objective of KPMG Corporate Finance’s assignment was to support Bechtel in developing and potentially executing and/or implementing the Master Plan. The scope of activity to complete this study included the following:
- Review and consolidation of studies regarding secondary industries at Ras Al Zawr
- Complete a program of secondary industries at Ras Al Zawr
- Define Master Plan requirements for the industries identified
- Identify Jubail linkages
- Assist the Bechtel Team in identifying possible “alternatives” to any of the above.
Industry Professional:
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