Parsons Selected As Delivery Partner For King Salman International Airport
Parsons Corporation (NYSE: PSN) has secured two significant Delivery Partner contracts from the King Salman International Airport Development Company (KSIADC), owned by Saudi Arabia's Public Investment Fund. The four-year contracts include: (1) airfield assets development covering runways, taxiways, aircraft parking areas, and control towers, and (2) landside infrastructure including roads, utilities, tunnels, bridges, rail network, and landscaping.
The King Salman International Airport project spans 57 km² and aims to accommodate 120 million passengers by 2030 and 185 million passengers with 3.5 million tons of cargo by 2050. The facility will feature 6 parallel runways upon completion. Parsons, which has been operating in the region since 1958, will provide comprehensive project management services including development, design, procurement, construction, and commissioning.
Parsons Corporation (NYSE: PSN) ha ottenuto due importanti contratti come Delivery Partner dalla King Salman International Airport Development Company (KSIADC), proprietà del Public Investment Fund dell'Arabia Saudita. I contratti quadriennali comprendono: (1) lo sviluppo delle infrastrutture dell'aerodromo, inclusi piste di decollo e atterraggio, taxiway, aree di parcheggio aereo e torri di controllo, e (2) le infrastrutture terrestri come strade, servizi, tunnel, ponti, rete ferroviaria e sistemazione paesaggistica.
Il progetto del King Salman International Airport si estende su 57 km² e mira ad accogliere 120 milioni di passeggeri entro il 2030 e 185 milioni di passeggeri con 3,5 milioni di tonnellate di cargo entro il 2050. L'aeroporto disporrà di 6 piste parallele al completamento. Parsons, presente nella regione dal 1958, fornirà servizi completi di gestione del progetto, inclusi sviluppo, progettazione, approvvigionamento, costruzione e messa in servizio.
Parsons Corporation (NYSE: PSN) ha asegurado dos importantes contratos como Delivery Partner con la King Salman International Airport Development Company (KSIADC), propiedad del Fondo de Inversión Pública de Arabia Saudita. Los contratos, con una duración de cuatro años, incluyen: (1) desarrollo de activos del aeródromo que cubren pistas, calles de rodaje, áreas de estacionamiento de aeronaves y torres de control, y (2) infraestructura terrestre que incluye carreteras, servicios públicos, túneles, puentes, red ferroviaria y paisajismo.
El proyecto del King Salman International Airport abarca 57 km² y tiene como objetivo atender a 120 millones de pasajeros para 2030 y 185 millones de pasajeros con 3.5 millones de toneladas de carga para 2050. La instalación contará con 6 pistas paralelas al finalizar. Parsons, que opera en la región desde 1958, brindará servicios integrales de gestión de proyectos que incluyen desarrollo, diseño, adquisiciones, construcción y puesta en marcha.
Parsons Corporation (NYSE: PSN)는 사우디아라비아 공공투자기금이 소유한 King Salman International Airport Development Company(KSIADC)로부터 두 건의 주요 납품 파트너 계약을 체결했습니다. 4년 계약에는 (1) 활주로, 유도로, 항공기 주기장, 관제탑을 포함한 항공장 자산 개발과 (2) 도로, 유틸리티, 터널, 교량, 철도망, 조경 등 지상 인프라가 포함됩니다.
King Salman International Airport 프로젝트는 57km²에 걸쳐 있으며 2030년까지 1억 2천만 명의 승객과 2050년까지 1억 8천 5백만 명의 승객 및 350만 톤의 화물을 수용하는 것을 목표로 합니다. 완공 시 6개의 평행 활주로를 갖추게 됩니다. 1958년부터 이 지역에서 운영해온 Parsons는 개발, 설계, 조달, 건설, 시운전을 포함한 종합 프로젝트 관리 서비스를 제공합니다.
Parsons Corporation (NYSE : PSN) a obtenu deux contrats importants en tant que partenaire de livraison auprès de la King Salman International Airport Development Company (KSIADC), détenue par le Fonds d’investissement public d’Arabie Saoudite. Ces contrats d’une durée de quatre ans comprennent : (1) le développement des actifs de l’aérodrome couvrant les pistes, les voies de circulation, les zones de stationnement des avions et les tours de contrôle, et (2) les infrastructures terrestres incluant routes, services publics, tunnels, ponts, réseau ferroviaire et aménagement paysager.
Le projet de King Salman International Airport s’étend sur 57 km² et vise à accueillir 120 millions de passagers d’ici 2030 et 185 millions de passagers avec 3,5 millions de tonnes de fret d’ici 2050. L’aéroport disposera de 6 pistes parallèles une fois achevé. Parsons, présent dans la région depuis 1958, fournira des services complets de gestion de projet incluant développement, conception, approvisionnement, construction et mise en service.
Parsons Corporation (NYSE: PSN) hat zwei bedeutende Delivery-Partner-Verträge mit der King Salman International Airport Development Company (KSIADC) abgeschlossen, die dem Public Investment Fund Saudi-Arabiens gehört. Die vierjährigen Verträge umfassen: (1) die Entwicklung von Flugplatzanlagen wie Start- und Landebahnen, Rollwege, Flugzeugparkplätze und Kontrolltürme sowie (2) die landside Infrastruktur einschließlich Straßen, Versorgungsleitungen, Tunnel, Brücken, Schienennetz und Landschaftsgestaltung.
Das King Salman International Airport-Projekt erstreckt sich über 57 km² und soll bis 2030 120 Millionen Passagiere und bis 2050 185 Millionen Passagiere mit 3,5 Millionen Tonnen Fracht aufnehmen können. Die Anlage wird nach Fertigstellung über 6 parallele Start- und Landebahnen verfügen. Parsons, das seit 1958 in der Region tätig ist, wird umfassende Projektmanagement-Dienstleistungen anbieten, darunter Entwicklung, Planung, Beschaffung, Bau und Inbetriebnahme.
- Major contract win expanding Parsons' presence in Saudi Arabia
- Long-term project spanning initial four years of development
- Strategic partnership with Saudi Arabia's Public Investment Fund
- Project leverages Parsons' extensive aviation experience across 450 airports in 40 countries
- None.
Insights
Parsons secured two major delivery partner contracts for King Salman International Airport, strengthening their Middle East presence and revenue pipeline.
Parsons Corporation has secured two significant Delivery Partner contracts from the King Salman International Airport Development Company, owned by Saudi Arabia's Public Investment Fund. These contracts represent new business for Parsons and cover the critical first four years of what will become one of the world's largest airports.
The scope is substantial - the first contract covers airfield assets (runways, taxiways, aircraft parking, control towers), while the second encompasses landside infrastructure (roads, utilities, tunnels, bridges, rail, landscaping). As Delivery Partner, Parsons will provide comprehensive project management across all development phases.
This massive infrastructure project aims to accommodate 120 million passengers by 2030 and 185 million by 2050, along with 3.5 million tons of cargo. The airport will span 57 km² with six parallel runways upon completion.
The contract builds on Parsons' 65+ year presence in the region and expands their portfolio with Saudi Arabia's Public Investment Fund, which began in 2017 and includes high-profile projects like THE LINE and Oxagon. For investors, this represents a material addition to Parsons' backlog that should contribute to revenue visibility for the next four years, reinforcing their position as a leading global aviation infrastructure provider.
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 airport's multi-year development.
The first contract is for airfield assets and includes the runways, taxiways, aircraft parking areas, and air traffic control towers. The second contract is for landside infrastructure packages including roads, utilities, tunnels, bridges, rail network, and landscaping. As DP, Parsons will provide project management services for all phases of both contracts including early development, design, permits and approvals, procurement, construction, commissioning, handover, and overall coordination.
“Parsons is proud to expand our legacy in the Kingdom of Saudi Arabia, which started in 1958 with the Dhahran Airport. It is an honor to work with KSIA’s visionary team on what will become one of the world’s largest airports,” said Carey Smith, Chair, President, And Chief Executive Officer at Parsons. “Parsons is committed to supporting KSIADC’s vision to redefine airports for the 21st Century and beyond through delivering an enhanced traveler experience and creating the world’s premier logistics hub.”
Acting CEO of King Salman International Airport Development Company, Marco Mejia, commented: “Selecting Parsons as a Delivery Partner is a strategic step toward realizing our vision of developing a world-class airport built on innovation, sustainability, and operational excellence. Delivering a project of this scale requires collaboration with global experts in infrastructure and project management, and Parsons brings the experience and capabilities needed to help us achieve our goals.”
KSIADC is driving the development of the new airport in the Kingdom’s capital Riyadh. Covering an area of 57 km2 (approximately 22 sq mi2) the new airport will have 6 parallel runways upon completion and is anticipated to accommodate up to 120 million passengers by 2030 and 185 million passengers, as well as 3.5 million tons of cargo, by 2050.
Parsons work with the PIF started in 2017 and includes innovative projects across the Kingdom such as THE LINE, Oxagon, and multiple ROSHN developments.
Parsons, a leading global aviation solutions provider, has planned, designed, constructed, managed, enhanced, and sustained terminal, landside, and airside infrastructure for over 450 airports in 40 countries. This includes work on major airports in the Middle East such as Zayed International Airport and Sharjah International Airport in the United Arab Emirates, Hamad International Airport in Qatar, and Kuwait International Airport. From modernizing infrastructure to enhancing operational efficiency, the company leverages cutting-edge technology to address the evolving needs of the aviation industry. With a regional presence spanning more than 65 years, Parsons brings deep domain expertise across project and program management, urban development, transportation (including rail, metro, aviation, roads, and ports), smart mobility, asset management, and master planning.
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
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/1a2f9873-54b7-4a52-8341-2ac06aafac22
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