Parsons Awarded $114 Million Contract By Qatar Public Works Authority To Improve Infrastructure

Rhea-AI Summary

Parsons Corporation (NYSE: PSN) has secured a $114 million contract with the Qatar Public Works Authority for site supervision services in the western area of Qatar and Doha City. This four-year agreement encompasses contract management and supervision of significant infrastructure projects, including roads in Duhail South, Umm Lekhba, and surrounding districts. Parsons has been a trusted consultant to the PWA for over 20 years, and the contract may extend for an additional two years. These projects will be executed over the next five to seven years.

Positive

• Awarded a significant contract worth $114 million.
• Contract duration of four years with a two-year optional extension.
• Continuation of a 20-year relationship with Qatar Public Works Authority.

Negative

• None.

CENTREVILLE, Va., May 4, 2021 /PRNewswire/ -- Parsons Corporation (NYSE: PSN) announced today that the company was selected by the Qatar Public Works Authority (PWA) to provide site supervision services for projects in the western area of Qatar as well as Doha City. The $114 million, four-year contract includes contract management, administration and supervision of infrastructure projects being delivered by the PWA. Projects include roads and community infrastructure in districts such as Duhail South and Umm Lekhba, Al Mearad and Southwest of Muaither, and North of Muaither District.

"Our team has served as a trusted consultant to the PWA for more than 20 years, and we look forward to continuing to enhance Qatar's infrastructure, improving livability for residents and advancing future development plans," said Pierre Santoni, president, Middle East Africa (MEA) business unit for Parsons.

Parsons will support PWA's planned infrastructure projects for the duration of the contract, which includes an optional two-year extension. PWA intends to deliver the projects over the next five to seven years.

To learn more about Parsons' Critical Infrastructure expertise, visit Parsons.com/market/critical-infrastructure/.

Parsons (NYSE: PSN) is a leading disruptive technology provider in the global defense, intelligence, and critical infrastructure markets, with capabilities across cybersecurity, missile defense, space, connected infrastructure, and smart cities. Please visit parsons.com, and follow us on LinkedIn and Facebook to learn how we're making an impact.

Media Contact: 
Theresa Wederman
+1 704.618.9710
theresa.wederman@gmail.com

Investor Relations Contact:
Dave Spille
+ 1 571.655.8264
Dave.Spille@parsons.com

 

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SOURCE Parsons Corporation

FAQ

What is the value of Parsons Corporation's contract with Qatar PWA?

Parsons Corporation was awarded a $114 million contract by the Qatar Public Works Authority.

How long is Parsons Corporation's contract with Qatar PWA?

The contract is for four years, with the option for a two-year extension.

What projects will Parsons Corporation supervise in Qatar?

Parsons will provide supervision for infrastructure projects including roads in various districts such as Duhail South and Umm Lekhba.

How long will the infrastructure projects in Qatar take?

The projects are planned to be delivered over the next five to seven years.