PIF-Backed Diriyah Company Awards Parsons SAR 210 million Contract for Design and Construction Supervision in Saudi Arabia
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November 2025 Newsletter
Parsons Corporation (NYSE: PSN) announced today that the company was awarded a contract for Phase 2 of the Diriyah project by Diriyah Company, a Public Investment Fund (PIF)-owned company in the first half of 2025.
“It is an honor to work with Diriyah Company on creating this iconic mixed-use destination that celebrates Saudi’s rich culture and heritage. This unique urban development program will use the latest technology and urban planning practices blended with the city’s traditional Najdi architecture design, which dates back 300 years.” said Pierre Santoni, President, Infrastructure EMEA at Parsons.
Under the contract, Parsons will support the design and delivery of a series of iconic and neighborhood parks, open spaces and over 55km of streetscape. Parsons’ scope also includes the design and construction supervision of Diriyah Phase 2: Public Realm consisting of streets, footpaths, accessible open spaces and civic buildings and facilities, helping create an environment that people want to live and work in.