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Parsons-led joint venture wins contract for Riyadh Metro Red Line Extension project

Market News
03 Nov 2026, 15:30 WIB
GlobeNewsWire
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Bullish
Parsons-led joint venture wins contract for Riyadh Metro Red Line Extension project

Parsons Corporation, leading a joint venture with Systra and Egis, was selected to provide project and construction management services for the Riyadh Metro Red Line Extension by the Royal Commission for Riyadh City. This extension will add 8.4 km to the metro, including five new stations, enhancing connectivity from King Saud University to Diriyah South. The project supports Saudi Vision 2030 by improving urban mobility, reducing traffic congestion, and promoting sustainability. Parsons brings extensive global and regional experience to this multi-year project, continuing its long-term partnership with Riyadh's transit development.

The Riyadh Metro Red Line Extension project is in focus, here is Pluang's Industrials sector market snapshot as of Nov 03, 2026 20:11 WIB: Out of 135 priced Industrials-sector US stocks tradable on Pluang, 75 rose and 53 fell today. Notable movers include SBLK (Star Bulk Carriers Corp) at USD 27.70 with a 1-day change of +2.18% and a typical hold time of 28 days, MTZ (MasTec Inc) at USD 197.87 with a 1-day change of +2.12% and Pluang order activity showing 100% Sell / 0% Buy, and FPS (Forgent Power Solutions Inc. Class A Common Stock) at USD 25.06 with a 1-day change of +2.04% and a typical hold time of 6 days.

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