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Projects Monitor 

Covering major construction projects in the Middle East
Updated: 20Dec11
 
PPA - King Abdullah Financial District - Capital Market Authority Tower
Also Known As : CMA Tower
Country : Saudi Arabia
Project Value : USD 300,000,000 Estimated
Sector : Real Estate | Commercial
Consultant : Jv of Omrania and Associates Architecture and Engineering Consultants, Hyder Consulting Middle East Limited and HOK International (Design)
PMC : Cyril Sweett
Contractor : Saudi Binladin Group (Construction & MEP works)
Profile Type :  Contract Project
Associated Projects : Contract (9)
Phase:
Construction - Execution
Completion: Mar 2013
 
 
Owner : Public Pension AgencyPublic Pension AgencyLoading... - Saudi Arabia
Developer : Capital Market Authority - Saudi ArabiaCapital Market Authority - Saudi ArabiaLoading... - Saudi Arabia
Location :
South of Riyadh , Saudi Arabia
Contract Type : Construction
Facility Type : Commercial Tower
Capacity : Built up area: 185,000 sq. m. 
77 floors
Main Usage :  Office  
Background The Capital Market Authority plans to build its headquarter at King Abdullah Financial District (KAFD), south of Riyadh Saudi Arabia.

The project will cover an area of 185,000 sq.m. and will reach 385 m. high with 77 floors.

The project is part of phase 2 of King Abdullah Financial District (KAFD).

The JV of Omrania and AssociatedOmrania and AssociatedLoading..., HOKHOKLoading... and Hyder is the design consultant and Cyrill Sweet is the cost consultant and PMC.
Expected Events
Schedule Contract Phase/Phase Description
Mar 2013 CompletionProject expected to be completed
Latest Events In December 2011, the construction of the towers was still ongoing.

In March 2013, the project is expected to be completed (delayed from H1 2012).
Previous Events In May 2010, construction started.

In January 2010, the main construction contract including MEP works was awarded to Saudi Binladin Group.

In November 2009, the design was completed.

In September 2009, the Capital Market Authority (CMA) was under pre-qualification.

In January 2009, the conceptual design was completed and the preliminary design started.

In October 2008, the project was launched.
Scope of Work Construction of a 185,000 sq.m. tower with 380 m. height, 77 storeys including 3 basements.
Contract Packages
Type Project Name Contract Value
PPA - King Abdullah Financial District USD 7,800,000,000
PPA - King Abdullah Financial District - Crystal Towers USD 166,000,000
PPA - King Abdullah Financial District - GCC Bank Headquarters USD 55,120,000
PPA - King Abdullah Financial District - Hotel and Office Towers USD 375,000,000
PPA - King Abdullah Financial District - Infrastructure Package 1 -
PPA - King Abdullah Financial District - Infrastructure Package 2 USD 73,000,000
PPA - King Abdullah Financial District - Monorail Network USD 241,000,000
PPA - King Abdullah Financial District - Saudi Stock Exchange Headquarters USD 266,000,000
PPA - King Abdullah Financial District - Science Museum and Geo-Climate Centre -
PPA - King Abdullah Financial District - World Trade Center USD 68,240,000
Project News
23-Nov-2010 Saudi Readymix Announces The Successful Completion Of One Of The Largest Concrete Pours In Saudi Arabia - Press Release

Project Schedule

ScheduleContract Phase/PhaseDescription
Oct 2008 AnnouncementProject announced
Jan 2009 DesignConceptual design completed and preliminary design started
Sep 2009 ConstructionCMA under prequalification
Q4 2009 CompletionDesign completed
Jan 2010 ConstructionMain construction contract including MEP works awarded to Saudi Binladin Group
May 2010 ConstructionConstruction started
Mar 2013 CompletionProject expected to be completed

Project News

23-Nov-2010 Saudi Readymix Announces The Successful Completion Of One Of The Largest Concrete Pours In Saudi Arabia - Press Release
 
Public Pension Agency Building, King Fahed Abdullah Street, P.O. Box 18364, Riyadh 11168, Saudi Arabia, Riyadh
Tel: +966 1-402-5100 | Fax: +966 1-405-3918,+966 1-405-3645 | Website: http://www.pension.gov.sa
 
Jv of Omrania and Associates Architecture and Engineering Consultants, Hyder Consulting Middle East Limited and HOK International
Consultant - Design
API World Tower, 15th Floor , Office 1501 A, Sheikh Zayed Road, P.O. Box 26437, Dubai, United Arab Emirates
Tel: +971 4-382-6800 | Fax: +971 4-332-9117 | Email: dubai@hok.com
Building 54, 1st Floor, Oud Al Metha Road, Dubai Healthcare City, P.O. Box 52750, Dubai, United Arab Emirates
Tel: +971 4-324-2532 | Fax: +971 4-324-2531
Sulaimania Building, 1st Floor, Prince Turki Bin Abdullah Al Saud Street, P.O. Box 2600, Riyadh 11461, 11461, Saudi Arabia
Tel: +966 1-462-2888 | Fax: +966 1-462-0354 | Email: omrania@omrania.com.sa | Website: www.omrania.com
 
Saudi Binladin Group
Contractor - Construction & MEP works
Binladin Group Building, Al Rawda Street, Al Rawdah District, P.O. Box 9887, Jeddah 21423, Saudi Arabia, Makkah
Tel: +966 2-664-3033 | Fax: +966 2-664-3225 | Email: mail@sbg.com.sa | Website: www.sbg.com.sa
  • Name: Farih Haddad
    Position: Project Manager
    Tel: +966 2-640-0004
    Fax: +966 2-640-5776
 
Cyril Sweett
PMC 
Al Jumaiah Centre Building, Prince Mohammed Bin AbdulAziz Road, Riyadh, P.O. Box 9629, Riyadh 11432, Saudi Arabia
Tel: +966 1-288-5400 | Fax: +966 1-288-5409 | Website: http://www.cyrilsweett.com
 
Al Faisaliah Towers, 10th, 12th, 21st, 23rd and 24th Floor, King Fahed Road, P.O. Box 220022, Riyadh 11311, Saudi Arabia, Riyadh
Tel: +966 1-279-7777 | Fax: +966 1-279-7770 | Email: info@cma.org.sa | Website: http://www.cma.org.sa
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