Construction & Real Estate

Parsons awarded PMCM contract for mega project in Madinah

Parsons Corporation, a leading US engineering and construction group, said it has secured a major contract from Rua Al Madinah Holding Company to provide construction project management consultancy and contract administration services (PMCM) for a key development coming up in Madinah.
Spread over a 1.5 million sq m area, the Rua Al Madinah project will have 63% of open, green spaces as well as new modes of transportation and parking that will provide easy access to the main mosque, surrounding residences, and commercial spaces, said a statement from Parsons.
Also the key mixed-use project will boast 47,000 hotel rooms that can accommodate the 30 million pilgrims visiting the Saudi city in the coming years, it stated.
The Rua Al Madinah project represents the first phase of Madinah Central Area mega development and is projected to add $37 million to the GDP besides creating more than 93,000 new jobs, it added.
Parsons said as per the $15 million PMCM contract, it will manage the main infrastructure works including the tunnel, road and utility works for the key Madinah project.   
"The kingdom has several mega projects that are driving the economic and social transformation of the region while highlighting its hospitality and heritage. The Rua Al Madinah project is a key initiative towards the realization of Saudi Vision 2030," remarked Pierre Santoni, the President for Middle East and Africa at Parsons.
It is designed to elevate the city’s cultural and historical heritage, improve the quality of life for its residents, and enrich the visitor experience for Islamic pilgrims, observed Santoni. 
"We are dedicated to helping our client achieve their vision of reforming Madinah into a modern Islamic and cultural destination for pilgrims and a revitalized urban center for its residents," he added.
A leading disruptive technology provider in the national security and global infrastructure markets, Parsons also has interests in key sectors such as cyber, space and missile defence, transportation and urban development.  
Santoni said Parsons had been serving as a trusted project management firm in the Middle East for more than 60 years. 
"With a regional team of more than 5,000 employees, our professionals bring domain expertise across multiple disciplines, including smart mobility, asset management, critical infrastructure, master planning, urban planning, and landscape architecture," he added.-TradeArabia News Service