Soudah Development Awards Project Management Consultancy Contract To Parsons; No Financial Terms Disclosed
Portfolio Pulse from Benzinga Newsdesk
Parsons Corporation (NYSE:PSN) has been awarded a three-year project management consultancy contract by Soudah Development, a company owned by Saudi Arabia's Public Investment Fund, for the development of Soudah Peaks, a luxury mountain tourism destination. The project aligns with Saudi Arabia's Vision 2030 and Parsons' commitment to environmental integrity and precision in project management.
February 20, 2024 | 9:42 pm
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Parsons Corporation has been awarded a significant project management consultancy contract for the Soudah Peaks development by Soudah Development, showcasing the company's expertise and alignment with environmental and precision project management values.
The award of a three-year contract to Parsons Corporation by Soudah Development for the Soudah Peaks project is a significant development. It not only showcases Parsons' expertise in project management and environmental integrity but also aligns with the strategic goals of Saudi Arabia's Vision 2030. This contract could enhance Parsons' reputation and potentially lead to future projects, positively impacting its stock price in the short term.
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