Trojan subsidiary wins work in Riyadh's KAFD

28 November 2023
The contract covers the construction of two new developments at King Abdullah Financial District in Riyadh

Saudi Arabia's King Abdullah Financial District Development & Management Company (KAFD DMC) has awarded Taj Dhabi, a subsidiary of UAE-based Trojan Construction Group, a contract to build two new developments at King Abdullah Financial District in Riyadh.

The design-and-build contract covers the construction of two commercial complexes of eight floors each.

The development will also include a retail podium covering a gross area of 167,763 square metres.

In August, KAFD DMC awarded a five-year contract to US-based Parsons Corporation for project and construction management services at KAFD. 

Under the agreement, Parsons will also support KAFD in its future expansion plans.

Located in Riyadh, KAFD is a mixed-use development managed by KAFD DMC, a wholly-owned subsidiary of the kingdom's Public Investment Fund (PIF).

The district was previously managed by Rayadah Investment Corporation.

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