US-listed engineering firm Parsons Corporation has been appointed as project management consultant for a sports complex in Jeddah by Saudi Arabia’s Al Ittihad ClubUS-listed engineering firm Parsons Corporation has been appointed as project management consultant for a sports complex in Jeddah by Saudi Arabia’s Al Ittihad Club

Parsons selected for Al Ittihad Sports Village project in Jeddah

2026/04/03 11:39
2 min read
For feedback or concerns regarding this content, please contact us at crypto.news@mexc.com
  • Sports complex with training facilities
  • Will include Al Ittihad’s headquarters
  • Kingdom investing heavily in sport

US-listed engineering firm Parsons Corporation has been appointed as project management consultant for a sports complex in Jeddah by Saudi Arabia’s Al Ittihad Club, the company said.

Al Ittihad Sports Village, to be built near King Abdullah Sports City in the north of Jeddah, will include Al Ittihad Club’s headquarters, training facilities, performance centres and commercial assets. 

Financial details were not disclosed.

Al Ittihad is a leading Saudi football club which has won the Pro League multiple times. It was until recently captained by former Real Madrid star and French international Karim Benzema.

The club has been 75 percent owned by the Public Investment Fund since June 2023 as part of Saudi Arabia’s Vision 2030 sports privatisation initiative, with the remaining 25 percent held by the club’s non-profit foundation.

The award of the Jeddah project comes as the $1 trillion (PIF) faces mounting funding demands across giga-projects, forcing a reassessment of spending priorities. 

The kingdom has invested heavily in sport as part of its Vision 2030 diversification plan and preparations to host the 2034 Fifa World Cup, driving demand for stadiums, training facilities and related infrastructure.

While not listed as a tournament venue, the project adds to a broader pipeline of sports-related construction and domestic league development.

Further reading:

  • Mohamed Salah would mark new phase for Saudi Pro League
  • Ronaldo controversy shines light on Saudi football spending
  • Saudi Arabia lists two more football clubs for private investment

Riyadh has been reviewing project priorities since 2024 after rising costs, execution challenges and lower oil revenues led to sharp budget cuts of up to 60 percent, exposing contractors to delays and cancellations.

Saudi Arabia has in recent months cancelled contracts on major projects, including Neom, as capital is redirected towards projects with fixed timelines, such as the World Cup and Expo 2030.

Parsons has worked on infrastructure for major events including the 2022 World Cup in Qatar and the 1996 Atlanta Olympics.

It has operated in Saudi Arabia since 1958, when it designed and delivered Dhahran Airport, now known as King Abdulaziz Air Base.

Market Opportunity
ArchLoot Logo
ArchLoot Price(AL)
$0.0031
$0.0031$0.0031
-0.22%
USD
ArchLoot (AL) Live Price Chart
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact crypto.news@mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

Samsung Electronics Targets Record Q1 Profit as Memory Chip Supercycle Hits Full Stride

Samsung Electronics Targets Record Q1 Profit as Memory Chip Supercycle Hits Full Stride

TLDR Samsung Electronics is expected to report a six-fold jump in operating profit for Q1 2025, potentially hitting 40.5 trillion won ($26.9 billion). The expected
Share
Coincentral2026/04/03 16:49
One Of Frank Sinatra’s Most Famous Albums Is Back In The Spotlight

One Of Frank Sinatra’s Most Famous Albums Is Back In The Spotlight

The post One Of Frank Sinatra’s Most Famous Albums Is Back In The Spotlight appeared on BitcoinEthereumNews.com. Frank Sinatra’s The World We Knew returns to the Jazz Albums and Traditional Jazz Albums charts, showing continued demand for his timeless music. Frank Sinatra performs on his TV special Frank Sinatra: A Man and his Music Bettmann Archive These days on the Billboard charts, Frank Sinatra’s music can always be found on the jazz-specific rankings. While the art he created when he was still working was pop at the time, and later classified as traditional pop, there is no such list for the latter format in America, and so his throwback projects and cuts appear on jazz lists instead. It’s on those charts where Sinatra rebounds this week, and one of his popular projects returns not to one, but two tallies at the same time, helping him increase the total amount of real estate he owns at the moment. Frank Sinatra’s The World We Knew Returns Sinatra’s The World We Knew is a top performer again, if only on the jazz lists. That set rebounds to No. 15 on the Traditional Jazz Albums chart and comes in at No. 20 on the all-encompassing Jazz Albums ranking after not appearing on either roster just last frame. The World We Knew’s All-Time Highs The World We Knew returns close to its all-time peak on both of those rosters. Sinatra’s classic has peaked at No. 11 on the Traditional Jazz Albums chart, just missing out on becoming another top 10 for the crooner. The set climbed all the way to No. 15 on the Jazz Albums tally and has now spent just under two months on the rosters. Frank Sinatra’s Album With Classic Hits Sinatra released The World We Knew in the summer of 1967. The title track, which on the album is actually known as “The World We Knew (Over and…
Share
BitcoinEthereumNews2025/09/18 00:02
Ripple CTO Says Freeze-Proof Stablecoins Can’t Work As Circle Misses $285M Drift Hack

Ripple CTO Says Freeze-Proof Stablecoins Can’t Work As Circle Misses $285M Drift Hack

The post Ripple CTO Says Freeze-Proof Stablecoins Can’t Work As Circle Misses $285M Drift Hack appeared first on Coinpedia Fintech News Can a stablecoin choose
Share
CoinPedia2026/04/03 17:19

$30,000 in PRL + 15,000 USDT

$30,000 in PRL + 15,000 USDT$30,000 in PRL + 15,000 USDT

Deposit & trade PRL to boost your rewards!