Abdullah Alawwad

Review of King Abdullah Financial Distri...

The King Abdullah Financial District (KAFD) is loc...

The King Abdullah Financial District (KAFD) is located in Riyadh, and is the only one of its kind in the Middle East, as Riyadh will become the economic capital of the Middle East. There are several sectors in the center and there are more than 59 skyscrapers.

The area of the center is 1.6 million square meters, and it is located north of Riyadh

The King Abdullah Financial Center will be able to accommodate many highly qualified employees working in the financial sectors and related sectors, and will include the headquarters of the Capital Market Authority, the financial market, banks, and financial institutions, in addition to the offices of other services institutions such as accountants, legal, and lawyers , Analysts, financial advisors, rating agencies, and technical service providers.

The King Abdullah Financial Center lays a foundation for development appropriate to the aspirations of future generations, which will ensure the continuity of the leadership role of the Kingdom of Saudi Arabia as the economy and largest financial center in the region.

The King Abdullah Financial Center will also include a mosque and a number of mosques, prepared to provide residents and visitors with an atmosphere of comfort and ease to perform their worship.

The financial academy that will be established in the King Abdullah Financial Center will be a pioneering educational institution concerned with financial specializations and offering training courses for workers in the financial sectors or who wish to work in the future, which will ensure the enhancement of their skills and the development of the capabilities available to them.
The King Abdullah Financial District (KAFD) is a new development under construction near King Fahad Road in the Al Aqeeq area of Riyadh, Saudi Arabia being undertaken by the Rayadah Investment Corporation on behalf of the Pension Authority of the Kingdom of Saudi Arabia, consisting of 59 towers in an area of 1.6 million square meters. It will provide more than 3 million square meters 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. Bombardier won a $ 241m contract to build an automated monorail for the development. The design guidelines do not separate the sexes in the district. The KAFD master plan was designed and overseen by Danish Architectural firm Henning Larsen Architects. Additional design work was provided by W Architecture and Landscape Architecture. The CEO of the development is Waleed Aleisa. The project is estimated to cost 29 billion