Saudi Arabia’s King Abdullah Financial District Development & Management Company (KAFD DMC) has awarded a design and build contract to Taj Dhabi, a UAE-based Trojan Construction Group subsidiary, for two new developments at King Abdullah Financial District (KAFD) in Riyadh.
The contract includes the construction of a multi-purpose complex in the business district, comprising two office towers of eight floors each.
In addition, the contract covers the development of a retail podium covering a gross area of 167,763 sqm, a retail development spanning 50,000 sqm and 1,900 parking spaces across five floors.
The value of the contract and construction timelines were not given.
In August, US-headquartered Parsons won a 5-year contract from KAFD DMC for project and construction management services in KAFD.
Located in Riyadh, KAFD is the world’s largest LEED-certified mixed-use financial district, with 1.6 million sqm of office space and residences and is owned and managed by KAFD DMC.
(Writing by D Madhura; Editing by Anoop Menon)
Subscribe to our Projects' PULSE newsletter that brings you trustworthy news, updates and insights on project activities, developments, and partnerships across sectors in the Middle East and Africa.