Gensler, Mott MacDonald and DMAA are contributing planning, design and engineering services for the first 2.4 km of the planned 170-km-long urban megaproject in Saudi Arabia.
Engineer-contractor giant cited project impacts and less-than-expected energy business earnings, but market watchers see key areas of growth next year.
Narrow majorities in Congress and bipartisan support for existing infrastructure spending may complicate any broad shift in policy, ARTBA's Dave Bauer says.
The 30-year contract will enable new transmission infrastructure in a country that expects a peak load power demand spike of 21,075 MW by 2033 from 1,606 MW reported in 2013, with the first major project set near Nairobi.