{"id":851927,"date":"2025-05-16T10:03:32","date_gmt":"2025-05-16T14:03:32","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/parsons-portfolio-experience-and-strength-as-a-global-infrastructure-leader-shines-as-u-s-president-visits-middle-east\/"},"modified":"2025-05-16T10:03:32","modified_gmt":"2025-05-16T14:03:32","slug":"parsons-portfolio-experience-and-strength-as-a-global-infrastructure-leader-shines-as-u-s-president-visits-middle-east","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/parsons-portfolio-experience-and-strength-as-a-global-infrastructure-leader-shines-as-u-s-president-visits-middle-east\/","title":{"rendered":"Parsons\u2019 Portfolio, Experience, and Strength as a Global Infrastructure Leader Shines as U.S. President Visits Middle East"},"content":{"rendered":"

\nVisits to Parsons\u2019 three major countries in the Middle East and leadership engagements with the President and the Delegation highlight the company\u2019s regional strengths and alignment with Administration priorities
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CHANTILLY, Va., May 16, 2025 (GLOBE NEWSWIRE) — Parsons Corporation (NYSE: PSN) and its extensive Middle East portfolio were on full display during President Trump\u2019s visit to the region this week. The President’s itinerary included visits to Saudi Arabia, Qatar, and the United Arab Emirates; each of which represent significant existing work and future growth opportunities for the company. The visits underscored Parsons\u2019 pivotal role as a premier infrastructure leader in the region and its alignment with the administration\u2019s priorities, not just in infrastructure but also defense and security.\u00a0\u00a0 The company has operated in the Middle East for over six decades, with nearly 7,000 employees in the Gulf Cooperation Council (GCC) countries today and more than $1 billion in annual revenue in 2024.<\/p>\n

\u201cParsons is in the right markets, at the right time, and with the right people, as shown in the Middle East this week,\u201d said Carey Smith, Chair, President, and Chief Executive Officer of Parsons Corporation. \u201cOur continued success across the Middle East is built on the decades-long trust we\u2019ve established with our clients, an understanding of their goals, and our talented workforce\u2019s commitment to delivering results. Supporting our customers throughout the GCC, we are leading some of the most exciting and breakthrough projects in the world today, leveraging advanced technologies including artificial intelligence. I\u2019m excited about our strong and increasing presence in the region.\u201d<\/p>\n

The President visited the three countries throughout the week, meeting with government and industry leaders and highlighting the strong partnership with the United States. Parsons\u2019 portfolio was acknowledged during the events, including a signing ceremony for Parsons\u2019 selection as the Delivery Partner with two awards for the new King Salman International Airport at the Saudi-U.S. Investment Forum in Riyadh on Tuesday.<\/p>\n

Smith also attended private CEO roundtables with the President in multiple countries where she emphasized the company\u2019s global portfolio and its critical infrastructure and national security capabilities and met with U.S. and host country delegations and cabinet officials across the week.<\/p>\n

With a regional presence since the 1950s, Parsons brings deep domain expertise in the region across project and program management, urban development, transportation (including rail, metro, aviation, roads, and ports), smart mobility, asset management, and master planning. The company has completed thousands of projects in the region since its first work on Dhahran Airport (now known as King Abdulaziz Air Base), in Saudi Arabia in 1958.<\/p>\n