King Abdullah Financial District (KAFD)

A new development near King Fahad Road in the Al Aqeeq area of Riyadh, Saudi Arabia

King Abdullah Financial District (KAFD) King Abdullah Financial District (KAFD) King Abdullah Financial District (KAFD)

Overview

Construction and site management for the King Abdullah Financial District (KAFD), a new development near King Fahad Road in the Al Aqeeq area of Riyadh, Saudi Arabia

Project Significance

The construction of the King Abdullah Financial District is one of the most ambitious projects in the region. The KAFD is the centerpiece of the government’s plan to transform Riyadh into a major regional—and eventually global—financial center. When complete, it will house the Saudi Stock Exchange and Capital Marketing Authority.

Almashrik is supporting the site-wide elements of the project, from the management of general site work and temporary traffic control to roadwork and paving, surface marking, and permanent signage and protection. Almashrik expects to deliver the project on time and within or under budget by June 2021.

PROJECT DETAILS

Project Category:
Building Construction
Client name:
King Abdullah Financial District
Location:
Riyadh
Completed:
June 2021
Value
78,132,374 Saudi Riyals
 

Al Mashrik: Core Values

Core Values

At Al Mashrik, we are only as good as the value we deliver and the relationships we build—it’s that simple. That’s why we live, breathe, and share the core company values that underlie our culture.

Vision

To be the country’s premier contractor and employer of choice by achieving unmatched results for the benefit of our customers, shareholders, employees, and the communities we serve.

Mission

To apply the highest standards in client services, operational excellence, reliability, and safety by staying true to our culture and core values, providing opportunities for career development for our people, and generating value for our stakeholders.

Project Construction Details

  • Prayer Hall, with a total area of 4,000m²
  • Outside Prayer Area, with a total of 2,200m² accommodating 3000 persons

Key Facts

  • Of great benefit to the community.
  • Fully functional and efficient.
  • Built in order to meet growing health need of the city of Arar.

Project Location

Arar Medical Tower Extention

Conclusion

Conclusion

More than 10 million man hours were spent on this important project, achieving an outstanding safe delivery with only few minor injuries.

As an additional government project within our portfolio, King Khalid Military Hospital confirms our long lasting relationship with various government bodies.

King Khalid Military Hospital continues Al Mashrik’s 40-year tradition as a trusted government contractor.