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Sunday, 23 April 2017

Parsons chief remains upbeat on region despite payment issues | The National

Parsons chief remains upbeat on region despite payment issues | The National:

"The chief executive of Parsons has said that he sees "several good signs" in the Middle East market, despite the challenges that it has faced in getting payments from some clients over the past 12 months.

In an interview with The National, Chuck Harrington cites a stabilisation of the oil price, greater Arabian Gulf sovereign debt issuance, projects linked to Dubai Expo 2020, Qatar’s 2022 Fifa World Cup and Kuwait’s modernisation attempts as factors for optimism in the region.


The US engineering consultancy, which has about one-third (4,213) of its 13,000-plus global employees based in the Middle East, also envisages greater opportunities for providing defence and security consultancy, systems and services to regional governments."



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