Soudah Development Awards Project Management Consultancy Contract to Parsons



CHANTILLY, Va., Feb. 20, 2024 (GLOBE NEWSWIRE) — Parsons Corporation (NYSE:PSN) announced today that the company has been awarded a three-year contract for new work by Soudah Development – a real estate development company owned by the Public Investment Fund (PIF) of Saudi Arabia that is driving the development of Soudah Peaks, an upcoming year-round luxury mountain tourism destination set 3,015 meters above sea level on Saudi Arabia’s highest peak – for project management consultancy services. Parsons’ scope includes all project management and site supervision services for the development of Soudah Peaks which is home to 6 unique development zones: Tahlal, Sahab, Sabrah, Jareen, Rijal, and Red Rock.

‘‘We’re thrilled to be working on yet another one of the key projects under the Saudi leadership’s national transformation blueprint, Vision 2030,” said Pierre Santoni, President, Infrastructure EMEA at Parsons. ‘’Working on a project of this nature, which will preserve and enhance the surrounding area and prioritizes environmental integrity, directly aligns with …

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