08:45 AM EST, 12/09/2024 (MT Newswires) -- Parsons (PSN) said Monday it was won a $53 million, three-year contract from the Royal Commission for Riyadh City in Saudi Arabia to provide program management office services for the Main and Ring Roads Program.

Under the contract, the company said it would oversee all major road development projects in Riyadh, managing construction activities for about 500 km of new and upgraded road corridors.

It added that the program would help alleviate traffic congestion, support the city's growth, and prepare for global events like Expo 2030 and the FIFA World Cup 2034.