CHANTILLY, Va. - Parsons Corporation (NYSE: NYSE:PSN) has been awarded a three-year project management consultancy contract by Soudah Development, a company owned by Saudi Arabia's Public Investment Fund (PIF). The contract involves overseeing the development of Soudah Peaks, a luxury mountain tourism destination in Saudi Arabia.
Soudah Development is constructing Soudah Peaks on the nation's highest peak, intending to offer a unique year-round luxury experience at 3,015 meters above sea level. The project includes six development zones named Tahlal, Sahab, Sabrah, Jareen, Rijal, and Red Rock. Parsons' role will encompass all project management and site supervision services for these zones.
Pierre Santoni, President of Infrastructure EMEA at Parsons, expressed the company's enthusiasm for the project, noting its alignment with Parsons' values of environmental integrity and precision in project management. Soudah Development's CEO, Eng. Saleh Aloraini, highlighted Parsons' extensive experience as a significant factor in their selection, and he anticipates the partnership will advance the PIF's goals in boosting the tourism and entertainment sectors of Saudi Arabia.
The Soudah Peaks project is part of the Saudi leadership's Vision 2030, a national transformation plan aimed at diversifying the economy and reducing dependence on oil. The masterplan for Soudah Peaks emphasizes sustainable environmental practices and aims to offer high-end hospitality services and ultra-luxury facilities.
Parsons, with a regional presence of over 65 years, brings a wealth of expertise in urban development, smart mobility, asset management, design, sustainability, and landscape architecture to the project.
Soudah Development's initiative is geared towards establishing a sustainable tourism infrastructure that respects nature, wellness, adventure, sports, culture, and heritage, while preserving the natural landscape and cultural heritage of the Aseer region.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.