Core Insights - Parsons Corporation has been awarded a SAR210 million ($56 million) contract for Phase 2 of the Diriyah project by Diriyah Company, a subsidiary of Saudi Arabia's Public Investment Fund (PIF) [2][5] - The contract involves the design and delivery of parks, open spaces, and over 55 kilometers of streetscape, aiming to enhance livability and community well-being [3][4] - The Diriyah project is a significant mixed-use urban development that combines traditional Najdi architecture with modern urban design, targeting a walkable environment for approximately 100,000 residents and 50 million annual visitors [4][5] Company Overview - Parsons has over 65 years of experience in Saudi Arabia and is involved in more than 50 active projects, reinforcing its role in shaping the Kingdom's future cities [6] - The company has been a key partner in advancing Saudi Arabia's giga-project ecosystem since 2017, contributing to major developments aligned with Saudi Vision 2030 [5][6] - Parsons' expertise includes urban development, transport infrastructure, smart mobility, and sustainability, positioning it as a crucial enabler of the Kingdom's transformation journey [6]