Parsons awarded contract for megaproject in saudi arabia

Centreville, va., feb. 02, 2023 (globe newswire) -- parsons corporation (nyse: psn) announced today that the company was selected by the rua al-madinah holding company (ram-h) to provide construction project management consultancy and contract administration services (pmcm) for the rua al-madinah mega mixed-use real estate project in the holy city of al-madinah al-munawarah, kingdom of saudi arabia (ksa). under the $15 million contract, parsons will manage the main infrastructure works including the tunnel, road, and utility works.
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