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Already a Riyadh Centerpiece, KAFD CEO Gautam Sashittal Discusses Future Plans
- March 14,2024
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- SUSTG Team
Gautam Sashittal, CEO of King Abdullah Financial District Development and Management Company (KAFD DMC), sits with Imogene Lillywhite of Zawya for an extensive interview outlining what is next for the exciting city hub.
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Discussing Saudi Arabia’s growth and construction projects with Waleed Abdel-Fattah, President of the MENA Region at Hill International
- February 12,2024
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- SUSTG Team
Waleed Abdel-Fattah, President of the MENA Region at Hill International, joins The 966 to talk about Saudi Arabia’s building boom and Hill’s traction in KSA since entering the market to help build out what is now known as KAFD. Hill has 100 offices across 42 countries, and its main geographical areas are the US, Europe […]
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The CEO of Riyadh’s financial district, Gautam Sashittal, joins The 966 to talk about the Kingdom’s original giga-project and the city of the future
- September 22,2023
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- SUSTG Team
Gautam Sashittal, the CEO of Riyadh’s financial district that has redefined Riyadh’s skyline and is the city’s most sought-after business address and lifestyle destination, joins The 966 podcast. The district is home to many of Saudi Arabia’s largest companies and regional headquarters of international corporations doing business in the region, as well as the Kingdom’s […]
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The 966 exclusive interview with Bechtel Saudi Arabia Managing Director Jacob Mumm on the company’s active role at Neom, the Riyadh metro, and its storied history in the Kingdom
- January 27,2023
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- SUSTG Team
In Episode 73 this week, The 966 features an exclusive conversation with Jacob Mumm, Managing Director for Bechtel Saudi Arabia. Bechtel’s role in over 300 major projects throughout 80 years in Saudi Arabia, including the world’s largest single industrial development project at Jubail, the ambitious Riyadh Metro project, “The Spine” at Neom, Ras Al Khair, […]
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Saudi Arabia’s PIF Officially Takes Over Management of Riyadh’s King Abdullah Financial District
- November 22,2017
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- SUSTG Team
Saudi Arabia’s sovereign wealth fund finalized the take over of the management of Riyadh’s US$10 billion unfinished King Abdullah Financial District (KAFD), a large financial hub on the outskirts of the city, as the government attempts to revive the project. Bloomberg reports the project also has a new leader. KAFD’s final development will be run by real […]
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Report: $7.9 Billion Bid for KAFD by Saudi Arabia’s Public Investment Fund
- May 25,2016
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- SUSTG Team
Saudi Arabia’s Public Investment Fund (PIF) is reported to be prepared to make an offer for the King Abdullah Financial District (KAFD), situated between downtown Riyadh and the city’s King Khalid International Airport. The offer, reported by Bloomberg citing unnamed sources, is 30 billion riyals ($7.9 billion) — the amount already spent on KAFD by the Saudi Public […]
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How Riyadh’s King Abdullah Financial District’s Future Has Shifted
- May 11,2016
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- SUSTG Team
Riyadh’s unfinished King Abdullah Financial District (KAFD) located halfway between downtown Riyadh and King Fahd International Airport is headed for new ownership and a revised master plan. KAFD – the city within a city that was originally designed to be home to the Kingdom’s banks and international financial houses – will soon be owned by […]
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Video Released Shows Timelapse Construction on Riyadh’s Metro Project
- January 5,2016
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- SUSTG Team
A recently released video by the leading construction partners on Riyadh’s metro project highlighted the progress made on the mega-project that will change the way the city’s residents get around. In October, the Riyadh metro project hit a major milestone as a consortium led by Spanish construction giant FCC said it has completed the drilling […]
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KAFD: Saudi Arabia’s ‘City Within a City’ Slated for Soft Opening as Kingdom Gears Up To Be Financial Hub of the Gulf
- September 17,2014
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- Lucien Zeigler
A date has been set for a “soft opening” of Saudi Arabia’s King Abdullah Financial District, a mega project in Saudi Arabia’s capital city that has been under construction for years. Situated on the outskirts of Riyadh, the new development bears the name of a King who has steered a nation through a period of […]
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SMEs in Saudi Arabia: How the Supreme Economic Council Can Support SME Growth in the Kingdom
- May 20,2014
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- John Sfakianakis
SMEs (small and medium-sized enterprises) are key to an economy’s growth and account for 60% to 70% of jobs in most Organisation for Economic Cooperation and Development (OECD) countries, with a particularly large share in Italy and Japan, and a relatively smaller share in the US. The percentage contribution of SMEs to GDP/total value added […]
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MUST-READS
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A new exciting KAFD Ramadan tent is coming to Riyadh 2024
Looking to dine with skyscraper views? The new KAFD Ramadan tent has you sorted. KAFD is bringing a unique Ramadan tent experience from Tuesday March 12 to Thursday April 11 – and everyone’s welcome to join. What’s more, all your favourite Ramadan highlights – other than iftar and suhoor – will be taking place at the tent, too. Here’s everything you need to know about the KAFD Ramadan nights.
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JLL among global businesses moving their regional HQs to Riyadh, reveals KAFD CEO
Saudi Arabia’s program to attract regional headquarters of international companies is producing results, with the King Abdullah Financial District Development & Management Co. signing up some big names in business. Speaking to Arab News on the sidelines of the Future Investments Initiative, KAFD DMC CEO Gautam Sashittal confirmed that global real estate services firm Jones Lang LaSalle will be relocating its regional headquarters to the district. The announcement came close on the heels of global professional services firm Deloitte planning to open a new regional headquarters in Riyadh to widen its presence in the Kingdom and the Middle East.
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Honeywell and KAFD to collaborate on advanced sustainable city development
Honeywell and King Abdullah Financial District (KAFD) today signed a Memorandum of Understanding (MoU) to help create a sustainable smart city experience at the prime business and lifestyle destination in Saudi Arabia. The strategic MoU between Honeywell and KAFD supports Saudi Arabia’s Vision 2030 objectives related to smart city development and advances technology adoption to create energy efficient, intelligent buildings.
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KAFDVIDEO: Saudi tries to tame its costly white elephant in KAFD
Saudi Arabia plans a plans shakeup for its under-construction financial district, seen across the Gulf as a costly white elephant, to include more residential and leisure areas and to give it a special visa status. But in a country where stringent social rules and tough immigration procedures have traditionally constrained international business travel, are the new plans workable?
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KAFDCompletion uncertainty over Saudi Arabia’s KAFD
Saudi Arabia's King Abdullah Financial District (KAFD), a smart city development worth $11.6bn, is yet to be assigned a definitive completion date, it has been found.
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King Abdullah Financial DistrictCompletion uncertainty over Saudi Arabia’s KAFD
Contractors working on KAFD include some of Saudi Arabia's largest firm, such as Saudi Binladen Group, El Seif, Nesma, Al-Fanar, Saudi Systra, Cityscape (for landscaping), and Al-Bawani.
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