10:04 AM EDT, 10/29/2025 (MT Newswires) -- Parsons (PSN) said Wednesday that it has been awarded a $56 million, five-year contract for the second phase of Diriyah Company's large-scale Diriyah development project.

Diriyah is owned by Saudi Arabia's sovereign wealth fund, Public Investment Fund.

Under the terms of the deal, Parsons will support the design of neighborhood parks, open spaces, and streetscape, and supervise the construction and design of streets, footpaths, open spaces, civic buildings, and facilities.

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