Parsons announced that the company was awarded a five-year contract by the King Abdullah Financial District Development and Management Company, or KAFD DMC, for project and construction management services in Saudi Arabia’s prime business and lifestyle destination, the King Abdullah Financial District, or KAFD. The contract supports the expansion of KAFD in new, undeveloped land. Located in the heart of Riyadh, the capital of Saudi Arabia, KAFD features 1.6M square meters of office space, facilities, and luxury residences designed to transform how urban communities live, work, and play. It is the first vertical city solution in Saudi Arabia, comprising a five-asset class mixed use living district, a key driver of Riyadh’s economic ambitions and the world’s largest LEED-certified mixed-use financial district. KAFD is owned and managed by the King Abdullah Financial District Development and Management Company.
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