King Abdullah Financial District
The King Abdullah Financial District (KAFD) is a new development under construction near King Fahad Road in the Asahafa area of Riyadh, Saudi Arabia[1][2] being undertaken by the Rayadah Investment Corporation[3] on behalf of the Pension Authority of the Kingdom of Saudi Arabia, consisting of 59 towers in an area of 1.6 million square metres. It will provide more than 3 million square metres of space for various uses, 62,000 parking spaces and accommodation for 12,000 residents. In 2011 it was the largest project in the world seeking green building accreditation.[4] Bombardier won a $241m USD contract to build an automated monorail for the development.[5][6][7] The design guidelines do not separate the sexes in the district.[7] The KAFD master plan was designed and overseen by Danish Architects Henning Larsen Henning Larsen Architects. Additional design work was provided by W Architecture and Landscape Architecture.The CEO of the development is Waleed Aleisa.[8]
The project is estimated to cost 29 billion Saudi riyals ($7.8 billion).[9]
References
- ↑ Saudis Plan Middle East Financial Center, New York Times, May 10, 2006.
- ↑ Saudi Mobile Operators End Free Global Roaming, Asharq Al-Awsat, April 27, 2013
- ↑ Riyadh King Abdullah Financial District: Phase 2: Towers, MEED, January 6, 2013.
- ↑ King Abdullah Financial District now the world's biggest green development, MEED, October 16, 2011.
- ↑ Bombardier wins Saudi deal, Toronto Star, May 31, 2010.
- ↑ Bombardier wins $241m Saudi monorail contract, Saudi Gazette, July 1, 2010.
- 1 2 Saudi Urban Projects Are a Window to Modernity, New York Times, December 12, 2010.
- ↑ "Saudi Arabia's financial hub". The Economist. 30 January 2016. Retrieved 31 January 2016.
- ↑ "Hill International Receives Contract Extension on the $7.8 Billion King Abdullah Financial District in Riyadh".