King Abdullah Financial District

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Under construction in 2012

The King Abdullah Financial District (KAFD) is being built in Riyadh, Saudi Arabia. It will have the Saudi Stock Exchange and Capital Market Authority. The KAFD will be an important financial center in the Middle East.[1] However, KAFD will not only be a financial center. It will have areas where people live, offices, and educational and recreational facilities. The King Abdullah Financial District is estimated to be worth about $7.8 billion (US). [2]

Facilities and attractions[change | change source]

There will be multiple educational and recreational attractions for residents and visitors of all ages in The KAFD. KAFD will feature museums, exhibitions, malls, hotels, restaurants, conference centers and auditoriums. Such as, the Aquarium, the Conference Center, the Built Environment Museum, the Earth's Climate Center, the Science Museum, the Relaxation Health Club, and the Interactive Children's Museum.[3] Also, there will be seven uniquely designed mosques spread throughout the KAFD.[4] Also, every building will have footbridges that will connect one building to another. That will make traveling through buildings easy.[5] Further, the monorail train that will travel through the whole district.[6]

Space and capacity[change | change source]

The King Abdullah Financial District will span an area of 1.6 million square meters that consists of 34 towers in total. The KAFD will cover over 3 million square meters of space for different purposes such as residential, parking, and office spaces. KAFD will house 12,000 residents and in addition, it will have 62,000 parking spaces.[7]

Banks and headquarters[change | change source]

The King Abdullah Financial District will have the headquarters of the Capital Market Authority (CMA) and the Saudi Stock Exchange (Tadwul).[8] Added to that, the KAFD will also accommodate a financial academy, and a number of banks, companies and other financial institutions.[9]

Architecture and design[change | change source]

Bombardier Inc has been given a SR904- million ($241-million) contract to build a monorail system for the King Abdullah Financial District.[10] KAFD’s architecture is designed and is being supervised by Henning Larsen Architects.[11] Moreover, Zaha Hadid Architects will design the KAFD’s metro station.[12]

References[change | change source]

  1. “King Abdullah Financial District Hotel, Riyadh, Saudi Arabia”, Hotelmanagement-network.com, accessed October 5, 2014
  2. “KAFD projects left hanging due to manpower shortage”, Rodolfo Estimo, ArabNews, July 23, 2014, accessed October 2, 2014
  3. ”Attraction Zones”, KAFD.com.sa, accessed October 4, 2014
  4. “Mosques”, KAFD.com.sa, accessed October 4, 2014
  5. “Footbridges”, KAFD.com.sa, accessed October 4, 2014
  6. “Monorail”, KAFD.com.sa, accessed October 4, 2014
  7. “KAFD projects left hanging due to manpower shortage”, Estimo, ArabNews
  8. “Riyadh King Abdullah Financial District”, Meed, accessed October 5, 2014
  9. “King Abdullah Financial District Hotel, Riyadh, Saudi Arabia”, Hotelmanagement-network.com, accessed October 5, 2014
  10. “Bombardier wins Saudi deal”, TheStar, May 31, 2010, accessed September 28, 2014
  11. “King Abdullah Financial District”, Henninglarsen, accessed September 30, 2014
  12. “King Abdullah Financial District Metro Station by Zaha Hadid Architects”, Miguel Rus, ILikeArchitecture, accessed October 1, 2014