CHANTILLY, Va., April  01, 2026  (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE:PSN) announced today that it has been selected by Al Ittihad Club Company, the oldest sports club in Saudi Arabia, as the project management

Parsons Awarded Project Management Consultant Contract for Al Ittihad Sports Village in Saudi Arabia

PSN Selected for Major Sports Village Project in Saudi Arabia

<section class="insight" data-version="1">
  <section data-block="information">
    <h3>Information</h3>
    <p>CHANTILLY, Va., April  01, 2026  (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE:PSN) announced today that it has been selected by Al Ittihad Club Company, the oldest sports club in Saudi Arabia, as the project management</p>
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  <section data-block="ai-summary-paragraph">
    <h3>AI Summary</h3>
    <p>Parsons Corporation has been appointed project management consultant for Al Ittihad Sports Village in Saudi Arabia, enhancing its portfolio in a growing sports infrastructure market. The project aligns with FIFA standards and supports Saudi Vision 2030, positioning PSN for future growth and solidifying its established presence in the region.</p>
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  <section data-block="ai-summary-bullets">
    <h3>Key Points</h3>
    <ul><li>PSN selected for Al Ittihad Sports Village project management in Saudi Arabia.</li><li>The development aligns with FIFA standards and Saudi Vision 2030.</li><li>Parsons&#039; expertise includes global sports infrastructure projects.</li><li>This contract could enhance PSN&#039;s growth in the Middle East.</li><li>New project underlines PSN&#039;s longstanding presence in Saudi Arabia.</li></ul>
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  <section data-block="companies-mentioned">
    <h3>Companies Mentioned</h3>
    <ul><li><strong>Al Ittihad Club Company (N/A)</strong>: Selected PSN for sports village project enhances market credibility.</li></ul>
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  <section data-block="category">
    <h3>Corporate Developments</h3>
    <p>This announcement fits under &#039;Corporate Developments&#039; as it showcases PSN&#039;s expansion and strategic positioning in a high-growth market, which can drive future revenue and shareholder value.</p>
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  <section data-block="market-moving">
    <h3>Market-Moving</h3>
    <ul><li>New contract could directly increase PSN&#039;s revenues and market share.</li><li>Positive sentiment from contract awards may boost PSN&#039;s stock price.</li><li>Alignment with Saudi Vision 2030 enhances long-term growth prospects for PSN.</li><li>Increased visibility in Middle East markets may attract future contracts.</li></ul>
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  <section data-block="key-facts">
    <h3>Key Facts</h3>
    <ul><li>PSN awarded project management role for Al Ittihad Sports Village.</li><li>Project designed to meet FIFA standards and international best practices.</li><li>The site is near the King Abdullah Sports City.</li><li>PSN has 70 years of experience in the Saudi market.</li><li>The project supports the Quality of Life Program under Saudi Vision 2030.</li></ul>
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  <section data-block="trading-thesis">
    <h3>Trading Thesis</h3>
    <p>Consider buying PSN in anticipation of increased contract value and market presence over the next year.</p>
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<link type="text/css" rel="stylesheet" href="https://www.globenewswire.com/styles/gnw_nitf.css"></link><p>CHANTILLY, Va., April  01, 2026  (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/quote/PSN">PSN</a>) announced today that it has been selected by Al Ittihad Club Company, the oldest sports club in Saudi Arabia, as the project management consultant for the Al Ittihad Sports Village in Jeddah. This integrated development, located close to King Abdullah Sports City, represents new work for the company.</p>  <p>The award advances the project's design phase and includes the club's headquarters, academy training pitches and facilities, performance development centers, administrative buildings, and commercial assets. The development is designed to adhere to parameters aligned with FIFA standards and international best practices.</p>  <p>"Parsons is proud to support Al Ittihad's next chapter in line with Saudi Vision 2030's Quality of Life Program which enables sports to flourish within the Kingdom," said Mark Otter, Managing Director and Regional Headquarters Lead of Parsons' operations in Saudi Arabia. "Parsons has delivered sports-related infrastructure ranging from the FIFA World Cup to the Olympics and will bring that same expertise and delivery excellence to the Al Ittihad Sports Village focusing on quality, safety and schedule certainty."</p>  <p>Integral to Al Ittihad's selection criteria was Parsons&#39; ability to support the club with setting a new benchmark for sports infrastructure in the region as well as factoring connectivity and future growth potential into the project. With decades of sports infrastructure experience, Parsons' capabilities span across design and planning, wayfinding and fan management as well as deploying physical, electronic, and cyber security systems all while working alongside national authorities to enable safe sporting environments, seamless mobility, and worldclass experiences for players, staff, and fans.</p>  <p>Nearly 70 of Parsons' 80+ year history have included a portfolio in Saudi Arabia, dating back to 1958 when the team designed and delivered the Dhahran Airport (now known as King Abdulaziz Air Base) and today the team is made up of more than 3,000 employees. From urban and destination development, transport infrastructure and smart mobility to industrial and commercial development, asset management, and resilience, Parsons draws on its global expertise and local knowledge to deliver projects that are aligned with national development priorities.</p>  <p><strong>Media Contact</strong></p>  <p><strong>Investor Relations Contact:</strong><br></br>Lara Masri<br></br>+971 4 4029767<br></br>Lara.Masri@parsons.com</p>  <p><strong>Investor Relations Contact:</strong><br></br>Dave Spille<br></br>+1 703.775.6191<br></br>Dave.Spille@parsons.com</p>  <p><strong>About Parsons</strong></p>  <p><em>Parsons (NYSE:<a class="ticker" href="https://www.benzinga.com/quote/PSN">PSN</a>) is a leading disruptive technology provider in the national security and global infrastructure markets, with capabilities across cyber and electronic warfare, space and missile defense, transportation, water and environment, urban development, and critical infrastructure protection. Please visit </em><a href="https://www.globenewswire.com/Tracker?data=vU9CfTdin8aAodtkX7sJ4KtQZQN4tP59JFJrzgmTqJ3b_xdOagmN-x7egCOMotItLPeWA1R9nZo49kLlLdqnUu2WgdxPkKf2qW1Yif7HWVcJFZbbkcjt3ddmn_XuNlrgjko5a9FZZx6z3y9lgCBxAuYutphOSOJaj6sl-Aj1pCKZyiHec57411jcfxAiBAxxafF3YJckLg6yir_Ce72C0GkaDy8ok01F_DOyRCxXXTZ48KFyJLlDdrMQHzDutwUyAMTyzwc6_1J2eC2KhwkLsjhYzZsQ_s0WmdfyK9US3a8=" rel="nofollow" target="_blank"><em>Parsons.com</em></a><em> and follow us on </em><a href="https://www.globenewswire.com/Tracker?data=hMi12j3CCizp5O8e_oKh04449ZJckCnYsWy-ZXEKUYO_iOma3aJERhVp2ZXYIAkfKEXpE-nzUDN-BiEusCtzQlRjMxtPRWmZLWN5ceF0hd0ex8NRYC3v1bIyRJDSwRWMrpbylziDyOf0lPy6aKAeFIJA7yjoSCMWYT9OWcqzkQaFtxh-3YXLU0fC3lCEgR6QTWOzvJuzMl41Z1fAB0F5S7uSEJDRZfn_yS6BMxi-1g7QpMVOQS8orpnLb0G3dRLnq6JQcKx7oKL6OiwDoNlPKioJmsExmHDmi-yyCthx5Pk=" rel="nofollow" target="_blank"><em>LinkedIn</em></a><em> to learn how we're making an impact.</em></p> <img alt="" class="__GNW8366DE3E__IMG" src="https://www.globenewswire.com/newsroom/ti?nf=OTY4MTg5NiM3NTEzNDk5IzIxODYzOTk="></img> <br></br><img alt="" src="https://ml.globenewswire.com/media/ZTlkZWQxYzQtMzU1NC00ZDc1LTgwYzctMDRhY2JjY2ZjNWU3LTExOTc5NTMtMjAyNi0wNC0wMS1lbg==/tiny/Parsons-Services-Company.png" referrerpolicy="no-referrer-when-downgrade"></img><p><a href="https://www.globenewswire.com/NewsRoom/AttachmentNg/5c5f7c60-e59a-4432-ac4f-44eb3e8c85dc"><img src="https://ml.globenewswire.com/media/5c5f7c60-e59a-4432-ac4f-44eb3e8c85dc/small/parsons-questmark-logo-color-png.png" border="0" width="150" height="31" alt="Primary Logo"></img></a></p>

Parsons Corporation has been appointed project management consultant for Al Ittihad Sports Village in Saudi Arabia, enhancing its portfolio in a growing sports infrastructure market. The project aligns with FIFA standards and supports Saudi Vision 2030, positioning PSN for future growth and solidifying its established presence in the region.

Parsons Awarded Project Management Consultant Contract for Al Ittihad Sports Village in Saudi Arabia

AI Summary

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Market-Moving

Key Facts

Companies Mentioned

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