The UK entity of the multinational infrastructure, design and consultancy firm’s accounts for the year ending 3 October 2025 show a turnover largely similar to the previous year’s total of £777 million.
But fees from the Middle East fell by around 42 per cent, from £109 million in 2024 to £63 million in 2025.
A report accompanying the AJ100 practice’s numbers said: ‘The company’s turnover has remained stable year on year due to higher turnover per project average in the UK and Europe, which has been offset by declining revenues in the Middle East.’
In the UK region, AECOM – which employs about 130 architects – recorded income rising from £626 to £661 between 2024 and 2025. In Europe, turnover remained stable with £32 million in 2024 and £33 million last year.
The results come in the wake of several major cancellations, suspensions and financial viability reviews into Saudi Arabian mega projects kick-started under crown prince Mohammed bin Salman’s 2030 development drive.
The AJ has previously reported on the scaling down of NEOM’s the Line and Zaha Hadid Architects’ Trojena ski resort, which Asia winter Olympics organisers confirmed last week would not host the 2029 Asian Winter Games. Almaty, Kazakhstan, will now host the games. Last week, the Atkins-designed Mukaab cube-shaped skyscraper in Riyadh, the Saudi capital, was reportedly suspended.
In November, AECOM and Jacobs were appointed to detail design work and delivery on the major 2030 Vision project.
AECOM has also been working on NEOM’s ‘backbone infrastructure design’ and NEOM Bay Phase 1 since 2019, its website confirms, as well as NEOM’s airport since 2023.
Elsewhere, the cancellation of a Red Sea resort in Saudi Arabia is believed to have prompted proposed mass redundancies at Bjarke Ingels Group (BIG). Staff held a demonstration outside the architect’s London offices last week over the planned cuts.
The number of employees at AECOM declined by six per cent to 4,144 between 2024 and 2025.