US Parsons wins SAR 210M contract to develop parks in Diriyah

Parsons Corp bags a 5-year contract to develop Phase II of the Diriyah project

New York-listed Parsons Corporation announced it has been awarded a SAR 210 million ($56 million) contract to develop Phase II of the Diriyah project, one of the Public Investment Fund’s (PIF) flagship projects. The five-year contract covers design, supervision, and project management services.

In a statement, Parsons said the contract includes developing parks, neighborhood green spaces, open landscapes, and beautification works spanning over 55 kilometers, along with design and construction supervision for roads, walkways, public spaces, and civic infrastructure in the second phase.

Jerry Inzerillo, CEO of the Diriyah Group, said the partnership with Parsons will accelerate development of the $63.2 billion Diriyah project. It is a step toward realizing the vision of a pedestrian-centered urban destination designed for 100,000 residents and tens of thousands of workers, expected to attract around 50 million visitors annually in the future.

Parsons has worked with PIF since 2017 on key Saudi projects including NEOM The Line, NEOM Oxagon, Soudah Peaks, and Rou’a Al Madinah.