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DALLAS - Global infrastructure leader AECOM (NYSE: ACM), a prominent player in the Construction & Engineering industry with a market capitalization of $14.44 billion, has announced its partnership with the Saudi Ministry of Sport to provide site supervision consultancy services for the renovation of King Fahd Sport City in Riyadh. According to InvestingPro data, AECOM has demonstrated strong performance with a 23% return over the past year. This collaboration is in line with Saudi Arabia’s preparation to host the AFC Asian Cup in 2027 and the FIFA World Cup in 2034.
The project aims to elevate the stadium, often referred to as the "Pearl of Stadiums," to meet the stringent standards set by FIFA and ensure its readiness for the upcoming international sports events. The stadium, which has been a pivotal part of Saudi Arabia’s sports culture since 1987, is set to undergo a transformation that aligns with the Kingdom’s Vision 2030 objectives. This vision includes using sports as a vehicle for economic growth, enhancing quality of life, and strengthening community ties.
Lara Poloni, President of AECOM, emphasized the company’s pride in deepening its collaboration with the Saudi Ministry of Sport, highlighting the role of strategic investments in infrastructure in driving growth and resilience. She also noted the potential of sports as a catalyst for creating opportunities and improving communities.
AECOM’s Middle East and Africa region CEO, Hamed Zaghw, expressed the company’s commitment to delivering world-class infrastructure. He pointed out AECOM’s valuable experience gained from involvement in major international events, such as the 2022 Qatar World Cup, the 2012 London Olympics, and the 2010 FIFA World Cup in South Africa. This expertise is expected to contribute significantly to the stadium’s transformation into a global benchmark for sports venues.
AECOM Hunt, known for its construction management experience on renowned sports facilities like the Intuit Dome and SoFi Stadium, will play a crucial role in the consultancy process, bringing over 140 stadium projects worth of insights to the redevelopment of King Fahd Sport City.
The announcement comes as AECOM continues to position itself as a Fortune 500 firm with deep technical capabilities across various sectors, including water, environment, energy, transportation, and buildings. The company reported revenue of $16.1 billion in fiscal year 2024 and aims to partner with clients in creating innovative, sustainable, and resilient solutions throughout the project lifecycle. Trading at $109.37, InvestingPro analysis indicates the stock is currently near Fair Value, with a moderate debt-to-equity ratio of 1.38 and a solid current ratio of 1.15. For deeper insights into AECOM’s financial health and growth prospects, investors can access the comprehensive Pro Research Report, available exclusively on InvestingPro, which covers over 1,400 US stocks with detailed analysis and actionable intelligence.
This news is based on a press release statement from AECOM. InvestingPro subscribers have access to additional insights, including 10+ ProTips and extensive financial metrics that can help investors make more informed decisions about AECOM’s market position and growth potential.
In other recent news, AECOM Technology reported its second-quarter 2025 financial results, surpassing earnings expectations with an adjusted earnings per share (EPS) of $1.25, higher than the anticipated $1.20. However, the company experienced a revenue shortfall, reporting $1.87 billion compared to the forecasted $1.91 billion. Despite this, AECOM raised its midpoints for EBITDA and EPS guidance for the year, indicating confidence in continued growth. RBC Capital Markets responded by increasing its price target for AECOM to $126, citing strong quarterly results and an increase in adjusted EBITDA and EPS guidance for fiscal year 2025. Additionally, Truist Securities maintained a Buy rating on AECOM with a price target of $121, highlighting the company’s earnings resilience and strategic market focus. AECOM’s backlog reached record levels, although there were some shifts in U.S. federal government contracts, with approximately $100 million removed from its backlog. The company continues to invest in AI, digital initiatives, and infrastructure projects, which are expected to support its future growth.
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