Parsons Corporation announced it has been awarded a $56 million (SAR 210 million) contract by Diriyah Company, a Public Investment Fund (PIF)-owned company, for Phase 2 of the Diriyah development project in Saudi Arabia. The five-year contract covers the design and construction supervision of public realm elements, including a series of parks, open spaces, and over 55 kilometers of streetscape. Parsons will oversee the development of streets, footpaths, accessible open spaces, and civic buildings and facilities as part of efforts to support the creation of a walkable, mixed-use urban destination. This contract represents new work for Parsons Corporation, which has more than 50 active projects in Saudi Arabia.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Parsons Corporation published the original content used to generate this news brief via GlobeNewswire (Ref. ID: GNW9563877-en) on October 29, 2025, and is solely responsible for the information contained therein.