Parsons Wins $52M Public Works Authority Contract In Qatar

Rhea-AI Summary

Parsons Corporation (NYSE: PSN) has been selected to provide design engineering consultancy services to Qatar’s Public Works Authority for a new $52 million, six-year road and infrastructure framework in Doha. The project aligns with Qatar National Vision 2030 and National Climate Change Action Plan 2030, aiming to improve access, decrease congestion, and reduce carbon emissions.

Positive

• Parsons Corporation's selection for the $52 million, six-year contract demonstrates its strong position in the engineering consultancy services market.
• The project aligns with Qatar's national strategy and sustainability goals, showcasing Parsons' commitment to environmental initiatives.

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• None.

CENTREVILLE, Va., Aug. 08, 2023 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE: PSN) announced today that the company has been selected to deliver design engineering consultancy services to Qatar’s Public Works Authority, more commonly known as Ashghal, for a new road and infrastructure framework. The $52 million, six-year contract includes conceptual, preliminary, and detailed design for roads and infrastructure projects within Doha city.

“We are honored to be working with Ashghal on transforming such a key part of Doha’s critical infrastructure in line with the country’s national strategy,” said Pierre Santoni, President, Parsons MEA. “Frameworks like this will help improve access and decrease congestion – thereby decreasing transportation costs. We are proud to work on this important project.”

With a total population of just over three million, more than half of Qatar’s population lives in the capital city Doha. Establishing a new road and infrastructure framework supports the needs of current and future generations, which is one of the major challenges the Qatar National Vision 2030 aims to address.

Qatar also has a National Climate Change Action Plan 2030, developed by the Ministry of Environment and Climate Change, which aims to reduce carbon emissions. According to the Plan, the nation has set itself a target of reducing greenhouse gas emissions by 25% by 2030. Parsons has committed to several sustainable initiatives as part of the project such as incorporating recycled materials into the design.

Parsons first began working with Ashghal in 2002 and most recently collaborated with them to deliver transportation planning services for the FIFA World Cup Qatar 2022. With a regional team of more than 6,000 employees, our professionals bring domain expertise across multiple disciplines, including smart mobility, asset management, design, urban planning, sustainability, and landscape architecture.

To join Parsons in building the future of the Middle East, visit www.parsons.com/mea

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.

Media Contact:                                        
Lara Masri
+971 4 4029767
Lara.Masri@parsons.com

Investor Relations Contact:
Dave Spille
+ 1 703.775.6191
Dave.Spille@parsons.com

FAQ

What services will Parsons Corporation provide to Ashghal for the new road and infrastructure framework in Doha?

Parsons Corporation will deliver conceptual, preliminary, and detailed design engineering consultancy services for the new road and infrastructure framework in Doha.

What are the goals of the Qatar National Vision 2030 and the National Climate Change Action Plan 2030?

The goals include improving access, reducing congestion, and decreasing carbon emissions to support the needs of current and future generations.

How is Parsons Corporation contributing to sustainable initiatives as part of the project?

Parsons Corporation is incorporating recycled materials into the design as part of its commitment to sustainability.