{"id":58411,"date":"2025-10-30T19:02:51","date_gmt":"2025-10-30T16:02:51","guid":{"rendered":"https:\/\/saudishopper.com.sa\/en\/?p=58411"},"modified":"2026-03-28T08:34:12","modified_gmt":"2026-03-28T05:34:12","slug":"pif-backed-diriyah-company-awards-parsons-sar-210-million-contract-for-design-and-construction-supervision-in-saudi-arabia","status":"publish","type":"post","link":"https:\/\/saudishopper.com.sa\/en\/pif-backed-diriyah-company-awards-parsons-sar-210-million-contract-for-design-and-construction-supervision-in-saudi-arabia\/","title":{"rendered":"PIF-Backed Diriyah Company Awards Parsons SAR 210 million Contract for Design and Construction Supervision in Saudi Arabia"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\"><strong>Riyadh, Saudi Arabia, 30 October 2025<\/strong>\u2013 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. This SAR 210 million (USD 56 million); 5-year contract represents new work for Parsons Corporation.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">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\u2019 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.<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p class=\"wp-block-paragraph\">\u201cIt is an honor to work with Diriyah Company on creating this iconic mixed-use destination that celebrates Saudi\u2019s rich culture and heritage. This unique urban development program will use the latest technology and urban planning practices blended with the city\u2019s traditional Najdi architecture design, which dates back 300 years.\u201d said&nbsp;<strong>Pierre Santoni, President, Infrastructure EMEA at Parsons.<\/strong>&nbsp;\u201cOur team is committed to leveraging our nearly seven decades of experience in the Kingdom combined with our expertise in innovation to advance Diriyah Company\u2019s important program goals.\u201d<\/p>\n<\/blockquote>\n\n\n\n<p class=\"wp-block-paragraph\">Diriyah, home to the At-Turaif UNESCO World Heritage Site, is the well-preserved birthplace of the Kingdom of Saudi Arabia and was the ancestral home of House Al Saud \u2013 Saudi Arabia\u2019s royal family. Diriyah Company is creating a mixed-use urban destination just 15 minutes from the center of Riyadh that combines traditional Najdi architectural styles with modern urbanism. Upon completion, the first phase of the landmark giga-project will be 100% walkable and provide a unique opportunity to visit, live, work, shop, and dine in a setting that pays homage to the Kingdom\u2019s past.<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p class=\"wp-block-paragraph\">Commenting on the contract announcement,&nbsp;<strong>Diriyah Company Group CEO Jerry Inzerillo<\/strong>&nbsp;said: \u201cWe are delighted to be working with such a world-class firm as Parsons as we accelerate the development of Diriyah\u2019s $63.2 billion development. This contract will play an important role in ensuring we achieve our goal of delivering a human-centric walkable city for approximately 100,000 residents, a contemporary working environment for tens of thousands and a place to welcome nearly 50 million visits a year in the future.\u201d<\/p>\n<\/blockquote>\n\n\n\n<p class=\"wp-block-paragraph\">Parsons first started working with the PIF in 2017 and has been a trusted partner in shaping the Kingdom\u2019s urban development, on projects including NEOM THE LINE, NEOM Oxagon, Soudah Peaks and Rua Al Madina. &nbsp;These projects, along with many others Parsons is supporting, are all part of the Kingdom\u2019s national Vision 2030 which aims to diversify its economy and establish Saudi Arabia as a global leader.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Parsons has been a trusted partner in delivering projects in Saudi Arabia for over 65 years and currently has more than 50 active projects in the Kingdom &#8211; including mega and giga projects. The company brings deep domain expertise across urban and destination development, transport infrastructure and smart mobility, industrial and commercial development, asset management, sustainability, and resilience in the Kingdom.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Riyadh, Saudi Arabia, 30 October 2025\u2013 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. This SAR 210 million (USD 56 million); 5-year contract represents new work for Parsons [&hellip;]<\/p>\n","protected":false},"author":8,"featured_media":58412,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_yoast_wpseo_meta-robots-noindex":"","_et_pb_use_builder":"off","_et_pb_old_content":"","_et_gb_content_width":"","_pr_autopilot_social_copy":"","_yoast_wpseo_opengraph_title":"","_yoast_wpseo_opengraph_description":"","_yoast_wpseo_opengraph_image":"","_yoast_wpseo_opengraph_image_id":0,"_yoast_wpseo_twitter_title":"","_yoast_wpseo_twitter_description":"","_yoast_wpseo_twitter_image":"","_yoast_wpseo_twitter_image_id":0,"_yoast_wpseo_primary_category":24,"_extra_hide_author_box":"","_extra_featured_post":"","_partner_post_id":0,"footnotes":""},"categories":[24],"tags":[],"class_list":["post-58411","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy","et-has-post-format-content","et_post_format-et-post-format-standard"],"yoast_head":"<!-- This site is optimized 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