How Investors Are Reacting To AECOM (ACM) Securing Design Role in Saudi Arabia’s Mukaab Project

• Jacobs, in joint venture with AECOM, announced their appointment by New Murabba Development Company to provide design services for The Mukaab, a landmark centerpiece of Riyadh's New Murabba development and part of Saudi Arabia's Vision 2030 initiative.
• This collaboration places AECOM at the forefront of one of the largest global urban development projects, reflecting increased demand for sustainable and innovative infrastructure solutions in international markets.
• We'll examine how AECOM's involvement in The Mukaab could enhance its role in transformative urban projects and long-term growth prospects.

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AECOM Investment Narrative Recap

To be a shareholder in AECOM, investors need confidence in the continued expansion of global infrastructure spending and demand for sustainable, high-value design and engineering solutions. The recent Mukaab win in Saudi Arabia further proves AECOM’s ability to secure major international projects, creating a visible near-term catalyst for growth, but does not eliminate ongoing risks tied to political shifts and government-funded contract volatility.

Of AECOM’s recent announcements, the appointment as Project Management Consultant for The Avenues - Riyadh stands out as most relevant, given both projects’ alignment with Saudi Arabia’s Vision 2030. This reflects AECOM’s growing presence in the region and supports its pipeline of large-scale, multi-year projects, reinforcing the near-term backlog and market positioning as immediate performance drivers.

But in contrast to these positives, investors should also be mindful of possible revenue swings if policy or budget priorities in core public sector markets suddenly shift...

Read the full narrative on AECOM (it's free!)

AECOM's narrative projects $18.8 billion in revenue and $955.0 million in earnings by 2028. This requires 5.4% annual revenue growth and a $280.3 million increase in earnings from the current $674.7 million.

Uncover how AECOM's forecasts yield a $141.75 fair value, a 6% upside to its current price.

Exploring Other Perspectives

Four user-generated fair value estimates from the Simply Wall St Community range from US$96.31 to US$151.14 per share. While opinions vary, strong global infrastructure trends create both opportunity and exposure to policy-driven swings, so assess these perspectives with care.

Explore 4 other fair value estimates on AECOM - why the stock might be worth 28% less than the current price!

Build Your Own AECOM Narrative

Disagree with existing narratives? Create your own in under 3 minutes - extraordinary investment returns rarely come from following the herd.

• A great starting point for your AECOM research is our analysis highlighting 3 key rewards that could impact your investment decision.
• Our free AECOM research report provides a comprehensive fundamental analysis summarized in a single visual - the Snowflake - making it easy to evaluate AECOM's overall financial health at a glance.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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