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AECOM selected to deliver project management and engineering services for The Avenues – Riyadh Phase II

1. AECOM appointed as PMC for The Avenues Phase II in Riyadh. 2. Successful Phase I boosts ACM's credibility in large projects.

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FAQ

Why Bullish?

This appointment signifies strong market confidence in AECOM, similar to past successful projects that positively impacted stock price.

How important is it?

The contract enhances ACM's portfolio and showcases its project management capabilities, which could initiate further opportunities.

Why Long Term?

The long-term potential of The Avenues as a key commercial hub will likely yield sustained revenue over time.

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SHOMFLRKBR
DALLAS--(BUSINESS WIRE)--AECOM (NYSE: ACM), the trusted global infrastructure leader, today announced it has been appointed by Shomoul Holding Company as the Project Management Consultant (PMC) and engineer for Phase II of The Avenues - Riyadh, a transformative mixed-use development in North Riyadh City, Saudi Arabia, following the successful delivery of The Avenues Phase I. The Avenues aims to be one of the most prominent commercial and investment destinations in the Middle East, elevating Sau.

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