Hill set to build financial district
The US' Hill International has been chosen as project manager for the SR 29,000 million ($7.8 million) King Abdullah Financial District development in Riyadh. The project is expected to become the largest financial district in the region, covering 1.6 million square metres.It will be home to the Tadawul Stock Exchange and the Capital Market Authority. The client is the Public Pension Agency. The five-year contract to manage the design and construction of the project is worth SR 42.6 million ($11.4 million). It is the company's first foray into the country.'We are looking at four or five projects to take on in the near future. The next one will probably be in Makkah,' says a company source. 'We are in the process of setting up an office in Riyadh.'
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