King Abdullah Financial District

10 September 2013

The district will have the capacity to accommodate 12,000 residents

Value: $7bn

Client

Rayadah Investment Company

Tel: (+966) 11 207 5969

Consultant

Henning Larsen Architects

Tel: (+45) 8 233 3000

The King Abdullah Financial District is a major development in Riyadh that will house the Saudi Stock Exchange (Tadawul), the Capital Market Authority and the Commodity Market. Launched in 2007 by the local Rayadah Investment Corporation on behalf of the Pension Authority of Saudi Arabia, the district will also include a financial academy, offices, hotels, recreational facilities, parks, sports arenas and mosques.

Key dates
Apr 2008Denmark’s Henning Larsen Architects named master consultant for King Abdullah Financial District (KAFD)
May 2010Group of three local banks agree to finance loan for Saudi Binladin Group to help fund construction of KAFD 
May 2010Canada’s Bombardier wins $241m contract to build automated monorail for district 
Oct 2015Expected completion date for KAFD
Source: MEED 

The district will comprise 34 towers within an area of 1.6 million square metres and will have the capacity to accommodate 12,000 residents. In 2011, the financial district was the largest project in the world seeking green building accreditation.

The district will house the Saudi Stock Exchange, the Capital Market Authority and the Commodity Market

A MEED Subscription...

Subscribe or upgrade your current MEED.com package to support your strategic planning with the MENA region’s best source of business information. Proceed to our online shop below to find out more about the features in each package.

Get Notifications