Parsons announces as part of Fourth Quarter results for 2024, that it has awarded two contracts in Saudi Arabia and once Contract in UAE.
The combined value of the contracts is $475 million.
In Saudi Arabia, the company awarded two contracts of contract value USD 275 million. The duration of the contract is three-year. The company booked the first option period on both awards in the fourth quarter of 2024.
In UAE, the company was also awarded a follow-on program and construction management contract in Dubai valued at over $200 million.
The Company stated that, Total revenue for the fourth quarter of 2024 increased by $240 million, or 16%, to $1.7 billion. This increase was driven by organic growth of 14% and contributions from acquisitions. Organic growth was primarily driven by strong growth in the company’s critical infrastructure protection and cyber markets.
