DALLAS--(BUSINESS WIRE)--AECOM (NYSE: ACM), the trusted global infrastructure leader, today announced it has been appointed by Shomoul Holding Company as the Project Management Consultant (PMC) and engineer for Phase II of The Avenues - Riyadh, a transformative mixed-use development in North Riyadh City, Saudi Arabia, following the successful delivery of The Avenues Phase I. The Avenues aims to be one of the most prominent commercial and investment destinations in the Middle East, elevating Sau
Related Questions
How does this project impact AECOM’s competitive positioning relative to peers such as Jacobs, WSP and Stantec in the global infrastructure market?
How will AECOM's involvement in The Avenues – Riyadh Phase II affect its revenue outlook and earnings guidance?
What is the expected financial impact (e.g., contract value, margin contribution) of the Phase II project for AECOM?
Will this project increase AECOM's exposure to the Saudi Arabian market and how does that compare to its existing regional exposure?
How does this contract compare in size and scope to recent AECOM wins in the Middle East and globally?
What are the risks associated with the project (political, regulatory, execution) that could affect AECOM’s profitability?
Will the Phase II win drive further follow‑on work or additional phases for AECOM in the region?
How might this announcement influence AECOM’s stock price in the short‑term (intraday/overnight) and medium‑term (quarterly) outlook?
Are there any expected changes to AECOM’s capital allocation, cash flow or balance sheet from this project?
What market sentiment and analyst coverage updates are likely to follow the press release?