AECOM (ACM) Win Design Contract for Saudi Arabia's NEOM

AECOM has clinched a contract to serve NEOM, a new model for urbanization and sustainability located in the northwest region of Saudi Arabia. Per the contract, AECOM will design the transport and utilities backbone infrastructure for NEOM. Additionally, its scope will include environmental and geotechnical support. As part of Saudi Vision 2030, NEOM is set to become one of the world’s leading destinations to attract talent and investment. It is envisioned to bring about economic changes in the Kingdom with a new model for urbanization and sustainability. AECOM’s diversified portfolio, which comprises designing and construction services, is spread across a number of key markets. In Saudi Arabia, AECOM has invested resources to take advantage of a robust set of opportunities that include the $500-billion NEOM development. During the fiscal third quarter, AECOM witnessed more than $100 million win, which demonstrates its commercial success and diversifies its work on projects. In July 2019, AECOM was appointed to provide project management consultancy services for Phase 1 construction activities in NEOM.