US EditionParsons Selected As Delivery Partner For King Salman International Airport - Parsons (NYSE:PSN)
- On May 13, 2025, Bechtel and Parsons signed agreements in Riyadh to serve as delivery partners for King Salman International Airport's development.
- The agreements occurred during the U.S. President's visit and reflect expanding U.S.-Saudi cooperation in major infrastructure projects.
- Bechtel will deliver three new terminals, including facilities for commercial, low-cost, and private carriers, while Parsons will manage airfield and landside infrastructure work.
- King Salman International Airport is planned to include six parallel runways and is expected to handle up to 185 million travelers along with 3.5 million tons of freight each year by 2050, while aiming to achieve LEED Platinum sustainability certification.
- The project supports Saudi Arabia’s Vision 2030 and intends to reshape Riyadh’s economy and connectivity while delivering a world-class passenger experience.
40 Articles
40 Articles
Parsons Selected As Delivery Partner For King Salman International Airport - Parsons (NYSE:PSN)
CHANTILLY, Va., May 13, 2025 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE:PSN) announced today, on the sidelines of the Saudi-US Investment Forum in Riyadh, that the company has been awarded two Delivery Partner (DP) contracts by the King Salman International Airport Development Company (KSIADC) which is owned by the Public Investment Fund. These significant contracts represent new work for the company and span the initial four years of the air…
Parsons Secures Major Role In King Salman Airport Megaproject - Construction Business News Middle East
Parsons Corporation has been awarded two Delivery Partner contracts by the King Salman International Airport Development Company (KSIADC) Parsons Corporation (NYSE: PSN) announced today, on the sidelines of the Saudi-US Investment Forum in Riyadh, that the company has been awarded two Delivery Partner (DP) contracts by the King Salman International Airport Development Company (KSIADC) which is owned by the Public Investment Fund. These significa…
Coverage Details
Bias Distribution
- 73% of the sources are Center
To view factuality data please Upgrade to Premium
Ownership
To view ownership data please Upgrade to Vantage
