Parsons Awarded $53M 3-Year Contract For Roads Program In Riyadh, Saudi Arabia
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Parsons Corporation has secured a $53 million, three-year contract from the Royal Commission for Riyadh City in Saudi Arabia to provide program management office services for the Main and Ring Roads Program.
December 09, 2024 | 11:45 am
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Parsons Corporation has been awarded a $53 million contract for a three-year project in Riyadh, Saudi Arabia, which could positively impact its revenues and market presence.
The $53 million contract is a significant addition to Parsons' project portfolio, likely enhancing its revenue stream and strengthening its market position in the Middle East. The contract's size and duration suggest a positive short-term impact on the company's financials.
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