Parsons awarded $223m Contracts in Saudi Arabia

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Saudi Arabia

Parsons awarded $223m Contracts in Saudi Arabia

Global engineering firm, Parsons announced in a statement as part of Second quarter 2022 results, it has awarded a new contract and increase in Contract Value, in Saudi Arabia.

The Company awarded a $148 million contract value increase on a program management contract for the Riyadh Metro program, which is the largest metro system development project in the world.

Awarded another new contract in worth over $75 million related to developing the fast-growing entertainment sector in conjunction with the economic diversification goals of the Saudi Vision 2030 program.

Company’s Total revenue for the second quarter of 2022 increased by $129 million, or 15%, to $1,009 million, statement mentioned.