Core Insights - Parsons Corporation has been awarded a 60-month contract by the New Murabba Development Company, owned by the Public Investment Fund (PIF), to provide design and construction technical support [1][2] Company Overview - Parsons will serve as the Infrastructure Lead Design Consultant (ILDC) for the New Murabba project, which encompasses design and engineering services for infrastructure, public buildings, and landscape [2][3] - The New Murabba development will cover approximately 14 million square meters, featuring a mixed-use environment that includes living, working, and entertainment spaces [2][4] Project Details - The centerpiece of the New Murabba project will be the Mukaab, an iconic cube-shaped skyscraper, which is set to be the largest built structure of its kind [2] - The project aims to redefine sustainable urban development at a giga scale, aligning with Saudi Vision 2030's "Quality of Life Program" [3][5] - New Murabba is designed to create a balanced live-work-play community, allowing residents to walk to various amenities within 15 minutes [3][4] Strategic Importance - The CEO of New Murabba emphasized that the agreement with Parsons is a significant step towards establishing the area as a world-class cultural and tourism destination [4][5] - Parsons has been a trusted partner in Saudi Arabia's urban development for over 65 years, currently managing more than 50 active projects, including several mega and giga projects [6] Industry Context - The collaboration with Parsons is part of a broader strategy to diversify Saudi Arabia's economy and position the country as a global leader in urban development, in line with the national Vision 2030 [5][6]