Parsons Awarded $25M Contracts for Middle East Transportation Projects
Parsons (NYSE:PSN) has been awarded two contracts worth $25 million for design engineering projects in the Middle East transportation sector. These contracts are part of over $90 million in awards from the same customer in the past 9 months. The scope includes:
- Design engineering and construction supervision for transportation infrastructure enhancements
- Development of mobility solutions and dedicated corridors
- Roadway capacity upgrades and public transit initiatives
- Strategic study for a new corridor to alleviate traffic
- Planning and design to minimize disruption to existing traffic
Parsons aims to create sustainable, eco-friendly mobility solutions that align with the region's vision for a greener future. These projects are part of broader strategic initiatives in Gulf member states, including Saudi Vision 2030 and Dubai 2040 Urban Master Plan.
Parsons (NYSE:PSN) ha ottenuto due contratti del valore di 25 milioni di dollari per progetti di ingegneria progettuale nel settore dei trasporti del Medio Oriente. Questi contratti fanno parte di oltre 90 milioni di dollari in premi ricevuti dallo stesso cliente negli ultimi 9 mesi. L'ambito include:
- Progettazione ingegneristica e supervisione della costruzione per il miglioramento delle infrastrutture di trasporto
- Sviluppo di soluzioni di mobilità e corridoi dedicati
- Incremento della capacità stradale e iniziative per il trasporto pubblico
- Studio strategico per un nuovo corridoio per alleviare il traffico
- Pianificazione e progettazione per ridurre al minimo le interruzioni al traffico esistente
Parsons punta a creare soluzioni di mobilità sostenibili ed ecologiche che si allineano alla visione della regione per un futuro più verde. Questi progetti fanno parte di iniziative strategiche più ampie negli stati membri del Golfo, inclusa la Visione Saudita 2030 e il Piano Urbanistico di Dubai 2040.
Parsons (NYSE:PSN) ha sido galardonada con dos contratos por un valor de 25 millones de dólares para proyectos de ingeniería de diseño en el sector de transporte del Medio Oriente. Estos contratos forman parte de más de 90 millones de dólares en premios de este mismo cliente en los últimos 9 meses. El alcance incluye:
- Ingeniería de diseño y supervisión de la construcción para mejoras en la infraestructura de transporte
- Desarrollo de soluciones de movilidad y corredores dedicados
- Mejoras en la capacidad de las vías y iniciativas de transporte público
- Estudio estratégico para un nuevo corredor que alivie el tráfico
- Planificación y diseño para minimizar la interrupción del tráfico existente
Parsons tiene como objetivo crear soluciones de movilidad sostenibles y ecológicas que se alineen con la visión de la región para un futuro más verde. Estos proyectos son parte de iniciativas estratégicas más amplias en los estados miembros del Golfo, incluida la Visión Saudí 2030 y el Plan Maestro Urbano de Dubái 2040.
Parsons (NYSE:PSN)은 중동 운송 부문에서 디자인 엔지니어링 프로젝트를 위해 2건의 계약을 2500만 달러에 수주했습니다. 이 계약은 지난 9개월 동안 동일한 고객으로부터 받은 9000만 달러 이상의 수주의 일환입니다. 범위에는 다음이 포함됩니다:
- 운송 인프라 개선을 위한 디자인 엔지니어링 및 건설 감독
- 모빌리티 솔루션 및 전용 통로 개발
- 도로 용량 업그레이드 및 대중 교통 이니셔티브
- 교통 혼잡 완화를 위한 새로운 통로에 대한 전략적 연구
- 기존 교통에 대한 중단 최소화를 위한 계획 및 설계
Parsons는 지역의 더 나은 미래를 위한 친환경적이고 지속 가능한 모빌리티 솔루션을 만드는 것을 목표로 하고 있습니다. 이러한 프로젝트는 사우디 비전 2030과 두바이 2040 도시 마스터 플랜을 포함한 걸프 국가의 광범위한 전략적 이니셔티브의 일환입니다.
Parsons (NYSE:PSN) a obtenu deux contrats d'une valeur de 25 millions de dollars pour des projets d'ingénierie de conception dans le secteur des transports au Moyen-Orient. Ces contrats font partie de plus de 90 millions de dollars en récompenses reçues par le même client au cours des 9 derniers mois. Le champ d'application comprend :
- Ingénierie de conception et supervision de la construction pour les améliorations des infrastructures de transport
- Développement de solutions de mobilité et de corridors dédiés
- Améliorations de la capacité routière et initiatives de transport public
- Étude stratégique pour un nouveau corridor pour réduire la circulation
- Planification et conception pour minimiser les interruptions du trafic existant
Parsons a pour objectif de créer des solutions de mobilité durables et respectueuses de l'environnement qui s'alignent sur la vision de la région pour un avenir plus vert. Ces projets font partie d'initiatives stratégiques plus larges dans les États membres du Golfe, y compris la Vision Saoudienne 2030 et le Plan Directeur Urbain de Dubaï 2040.
Parsons (NYSE:PSN) wurde mit zwei Verträgen im Wert von 25 Millionen Dollar für Design-Engineering-Projekte im Transportsektor des Nahen Ostens beauftragt. Diese Verträge sind Teil von über 90 Millionen Dollar an Auszeichnungen, die in den letzten 9 Monaten von demselben Kunden erhalten wurden. Der Umfang umfasst:
- Designengineering und Bauüberwachung für Verbesserungen der Verkehrsinfrastruktur
- Entwicklung von Mobilitätslösungen und speziellen Korridoren
- Kapazitätsausbau der Straßen und Initiativen für den öffentlichen Verkehr
- Strategische Studie für einen neuen Korridor zur Entlastung des Verkehrs
- Planung und Gestaltung zur Minimierung von Störungen des bestehenden Verkehrs
Parsons zielt darauf ab, nachhaltige, umweltfreundliche Mobilitätslösungen zu schaffen, die mit der Vision der Region für eine grünere Zukunft in Einklang stehen. Diese Projekte sind Teil umfassender strategischer Initiativen in den Golfstaaten, einschließlich der Saudi Vision 2030 und dem Urban Master Plan von Dubai 2040.
- Secured $25 million in new contracts for Middle East transportation projects
- Won over $90 million in contract awards from the same customer in the last 9 months
- Expanding presence in the Middle East transportation sector
- Aligns with Gulf states' strategic initiatives, potentially leading to more contracts
- None.
Insights
The
Key aspects of these contracts include:
- Design engineering and construction supervision for mobility solutions
- Roadway capacity upgrades and public transit initiatives
- Strategic study for a new corridor to alleviate traffic
- Focus on minimizing disruption and seamless integration
These projects align with broader regional initiatives like Saudi Vision 2030 and Dubai 2040 Urban Master Plan, positioning Parsons as a key player in the Gulf states' infrastructure development. The company's 65-year presence and 6,500-strong regional team provide a competitive advantage in securing and executing these contracts.
While the
Parsons' approach to these Middle East transportation projects demonstrates a strong commitment to sustainable urban development. Key environmental aspects include:
- Focus on public transit initiatives, which can significantly reduce carbon emissions compared to individual vehicle use
- Development of pedestrian-friendly features, promoting non-motorized transportation
- Emphasis on eco-friendly modes of transport, aligning with global trends towards greener mobility solutions
- Conducting rigorous Environmental Impact Assessments, ensuring projects meet sustainability standards
This sustainability focus is important as it aligns with the Gulf region's vision for a greener future, potentially opening doors for more environmentally conscious projects. For investors, this positions Parsons favorably in a market increasingly prioritizing sustainable infrastructure solutions.
The company's ability to blend advanced design practices with environmental consciousness could become a key differentiator, potentially leading to increased market share and long-term value creation in the rapidly evolving Middle Eastern infrastructure market.
CHANTILLY, Va., Oct. 16, 2024 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE:PSN) announced today that the company has been awarded two contracts worth
Under these contracts, Parsons will lead the design engineering and construction supervision of transportation infrastructure enhancements. The scope includes the development of mobility solutions and their dedicated corridors, roadway capacity upgrades, and public transit initiatives on critical streets to improve urban mobility and reduce congestion. Parsons will also conduct a strategic study to assess a new corridor to alleviate traffic and optimize expressway traffic. Finally, Parsons will manage the planning and design to minimize disruption to existing traffic, while supporting the seamless integration of these improvements into the region’s transportation network.
“Projects like these demonstrate the evolving nature of transportation in the Middle East. I am proud that we are leveraging Parsons’ 80 years of global experience, combined with our local knowledge to create bespoke solutions for our transportation clients’ needs that are transforming regional mobility,’’ said Pierre Santoni, President of Infrastructure EMEA at Parsons. ‘‘As demand rises for sustainable modes of transportation, Parsons is committed to working with its clients to imagine the future of transportation with safe, secure, connected and sustainable solutions.”
These projects enhance transportation infrastructure and underscore Parsons' commitment to deliver innovative solutions. With advanced design practices that are environmentally conscious, Parsons is creating mobility solutions that alleviate congestion and promote alternative, eco-friendly modes of transport. Parsons’ focus on sustainability, through rigorous Environmental Impact Assessments and the development of pedestrian-friendly features, aligns with the region's vision for a greener future.
These wins are part of a broader strategic focus of the Gulf member states including Bahrain, Qatar, Abu Dhabi, Saudi Vision 2030, Oman Vision 2040, and Dubai 2040 Urban Master Plan. Parsons is proud to be a trusted partner for more than 65 years and will help deliver their vision of digitally-transformed infrastructure.
With a regional team of more than 6,500 employees, Parsons 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 region.
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
Media Contact:
Lara Masri
+971 4 4029767
Lara.Masri@parsons.com
Investor Relations Contact:
Dave Spille
+ 1 703.775.6191
Dave.Spille@parsons.com
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