King Salman Park Foundation Selects Parsons for Project Management Office Services
Parsons (NYSE: PSN) has secured a 25-month Project Management Office (PMO) services contract from the King Salman Park Foundation. The project involves managing a massive urban transformation initiative in Riyadh, featuring 11.6 sq km of green space and 10 sq km of built-up area.
The scope includes overseeing design, procurement, construction, and smart city initiatives implementation. The park will include the Royal Arts Complex and a 7.2 km pedestrian walkway called The Loop. Located on the former Riyadh Air Base, the project aims to plant 1 million trees and plants to enhance vegetation cover, increase green space per capita, and support biodiversity.
The development aligns with Saudi Vision 2030's Quality of Life Program, with Parsons leveraging its 80-year global expertise and 65-year regional presence in urban development, smart mobility, and landscape architecture.
Parsons (NYSE: PSN) ha ottenuto un contratto di 25 mesi per servizi di Project Management Office (PMO) dalla King Salman Park Foundation. Il progetto riguarda la gestione di una vasta iniziativa di trasformazione urbana a Riyadh, che comprende 11,6 km² di aree verdi e 10 km² di aree edificate.
Il campo di intervento include la supervisione della progettazione, degli approvvigionamenti, della costruzione e dell’implementazione di iniziative per città intelligenti. Il parco comprenderà il Royal Arts Complex e un percorso pedonale di 7,2 km chiamato The Loop. Situato sull’ex base aerea di Riyadh, il progetto prevede la piantumazione di 1 milione di alberi e piante per migliorare la copertura vegetale, aumentare lo spazio verde pro capite e sostenere la biodiversità.
Lo sviluppo è in linea con il Programma Qualità della Vita della Visione Saudita 2030, con Parsons che mette a frutto la sua esperienza globale di 80 anni e la presenza regionale di 65 anni nello sviluppo urbano, nella mobilità intelligente e nell’architettura del paesaggio.
Parsons (NYSE: PSN) ha asegurado un contrato de 25 meses para servicios de Oficina de Gestión de Proyectos (PMO) con la Fundación King Salman Park. El proyecto implica la gestión de una enorme iniciativa de transformación urbana en Riad, que incluye 11,6 km² de espacios verdes y 10 km² de áreas construidas.
El alcance abarca la supervisión del diseño, adquisiciones, construcción e implementación de iniciativas de ciudad inteligente. El parque contará con el Royal Arts Complex y un paseo peatonal de 7,2 km llamado The Loop. Ubicado en la antigua base aérea de Riad, el proyecto busca plantar 1 millón de árboles y plantas para mejorar la cobertura vegetal, aumentar el espacio verde per cápita y apoyar la biodiversidad.
El desarrollo está alineado con el Programa de Calidad de Vida de la Visión Saudita 2030, y Parsons aprovecha su experiencia global de 80 años y su presencia regional de 65 años en desarrollo urbano, movilidad inteligente y arquitectura paisajística.
Parsons (NYSE: PSN)는 King Salman Park Foundation으로부터 25개월간의 프로젝트 관리 사무국(PMO) 서비스 계약을 체결했습니다. 이 프로젝트는 리야드에서 11.6km²의 녹지 공간과 10km²의 건축 구역을 포함하는 대규모 도시 재생 사업을 관리하는 것을 포함합니다.
사업 범위에는 설계, 조달, 건설 및 스마트 시티 이니셔티브 실행 관리가 포함됩니다. 공원에는 Royal Arts Complex와 The Loop라는 7.2km 보행로가 포함될 예정입니다. 이전 리야드 공군 기지 부지에 위치한 이 프로젝트는 100만 그루의 나무와 식물을 심어 식생 커버를 확대하고 1인당 녹지 공간을 늘리며 생물 다양성을 지원하는 것을 목표로 합니다.
이 개발은 사우디 비전 2030의 삶의 질 프로그램과 일치하며, Parsons는 80년간의 글로벌 전문성과 65년간 지역 내 도시 개발, 스마트 모빌리티, 조경 건축 경험을 활용합니다.
Parsons (NYSE : PSN) a obtenu un contrat de 25 mois pour des services de bureau de gestion de projet (PMO) auprès de la King Salman Park Foundation. Le projet concerne la gestion d'une vaste initiative de transformation urbaine à Riyad, comprenant 11,6 km² d'espaces verts et 10 km² de zones bâties.
Le périmètre inclut la supervision de la conception, des achats, de la construction et de la mise en œuvre d’initiatives de ville intelligente. Le parc comprendra le Royal Arts Complex ainsi qu’une promenade piétonne de 7,2 km appelée The Loop. Situé sur l’ancienne base aérienne de Riyad, le projet vise à planter un million d’arbres et de plantes pour améliorer la couverture végétale, augmenter les espaces verts par habitant et soutenir la biodiversité.
Ce développement s’inscrit dans le cadre du programme Qualité de Vie de la Vision Saoudienne 2030, Parsons mettant à profit ses 80 ans d’expertise mondiale et ses 65 ans de présence régionale dans le développement urbain, la mobilité intelligente et l’architecture paysagère.
Parsons (NYSE: PSN) hat einen 25-monatigen Vertrag für Project Management Office (PMO)-Dienstleistungen von der King Salman Park Foundation erhalten. Das Projekt umfasst die Verwaltung einer umfangreichen städtischen Umgestaltungsinitiative in Riad mit 11,6 km² Grünflächen und 10 km² bebauter Fläche.
Der Umfang beinhaltet die Überwachung von Planung, Beschaffung, Bau und der Umsetzung von Smart-City-Initiativen. Der Park wird das Royal Arts Complex und einen 7,2 km langen Fußweg namens The Loop umfassen. Das Projekt befindet sich auf dem ehemaligen Luftwaffenstützpunkt Riad und zielt darauf ab, 1 Million Bäume und Pflanzen zu pflanzen, um die Vegetationsdecke zu verbessern, die Grünfläche pro Kopf zu erhöhen und die Biodiversität zu fördern.
Die Entwicklung steht im Einklang mit dem Programm zur Lebensqualität der Saudi Vision 2030. Parsons nutzt dabei seine 80-jährige globale Erfahrung und 65-jährige regionale Präsenz in den Bereichen Stadtentwicklung, intelligente Mobilität und Landschaftsarchitektur.
- New contract win expands Parsons' presence in Saudi Arabia
- Significant project scope covering 21.6 sq km total area
- Leverages company's 65-year regional presence and expertise
- None.
Insights
Parsons secures 25-month PMO contract for major Saudi urban project, strengthening their position in Vision 2030 initiatives.
Parsons has secured a strategic 25-month Project Management Office (PMO) services contract for King Salman Park, one of Saudi Arabia's flagship urban transformation projects. The article explicitly describes this as new work for Parsons, indicating portfolio expansion in the region.
The scope is substantial, involving oversight of a 21.6 sq km development (11.6 sq km green space plus 10 sq km built-up area) that includes cultural landmarks and a 7.2 km pedestrian walkway called The Loop. Parsons' responsibilities encompass supporting delivery strategy and overseeing design, procurement, construction, and smart city initiative implementation.
This contract aligns directly with Saudi Vision 2030's "Quality of Life" Program, a key national initiative with strong government backing. The sustainability component is particularly notable, with plans to plant 1 million trees and transform the former Riyadh Air Base into green space.
The project's scale and complexity play to Parsons' strengths in infrastructure management. With over 65 years of regional presence and expertise in urban development, smart mobility, and sustainability within Saudi Arabia, Parsons is well-positioned to execute this contract effectively.
While no financial terms were disclosed, the contract's 25-month duration and the project's scale suggest it's a meaningful addition to Parsons' project portfolio. The company's ability to secure work on such high-profile developments demonstrates market confidence in their project management capabilities and strengthens their position in Saudi Arabia's infrastructure development landscape.
CHANTILLY, Va., April 23, 2025 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE: PSN) announced today that it has been awarded a contract for Project Management Office (PMO) services by the King Salman Park Foundation for King Salman Park. This 25-month contract marks new work for Parsons. King Salman Park is one of the world's most unique urban transformation projects, featuring 11.6 sq km of green space and over 10 sq km of built-up area. The Park includes cultural landmarks such as the Royal Arts Complex and a vibrant 7.2 km pedestrian walkway known as The Loop, among many other assets. All these elements are designed to support Saudi Vision 2030’s “Quality of Life” Program.
Parsons' responsibilities encompass supporting the delivery strategy of the King Salman Park program, as well as overseeing and reporting on the design, procurement, construction, and implementation of smart city initiatives.
"King Salman Park is an exceptional project that seamlessly integrates destination and sustainable urban development. Parsons is honored to contribute to this landmark initiative that is transforming Riyadh’s urban landscape and establishing a legacy," said Pierre Santoni, President, Infrastructure EMEA at Parsons. "Our team will utilize Parsons’ 80 years of global expertise, along with our local experience in designing and managing complex urban projects in the Kingdom, to help deliver this world-class mixed-use development project that will enhance the lives of both residents and visitors."
“Sustainability is at the heart of King Salman Park's vision. Located on the former Riyadh Air Base, the Park will transform the area with the planting of 1 million trees and plants. This initiative will significantly enhance the region's vegetation cover, increase per capita green space, and boost biodiversity, supporting local wildlife. Our plans include strategically placing trees along roadsides and near buildings to absorb CO2, increase humidity, and mitigate the heat island effect,” said George Tanasijevich, Chief Executive Officer, King Salman Park Foundation.
With over 65 years of regional presence, Parsons offers extensive expertise in urban development, smart mobility, asset management, design, sustainability, and landscape architecture within the Kingdom.
About Parsons
Parsons (NYSE: PSN) is a leading disruptive technology provider in the national security and global infrastructure markets, with capabilities across cyber and intelligence, space and missile defense, transportation, environmental remediation, urban development, and critical infrastructure protection. Please visit Parsons.com and follow us on LinkedIn and Facebook to learn how we’re making an impact.
To join Parsons in creating the future of the Middle East, visit parsons.com/mea
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/10c53037-342f-4a67-8df8-3e4904fa82fe
Media Contact
Lara Masri
Parsons Corporation
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Dave Spille
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