The partnership supports KAFD's vision to emerge as Riyadh's prime business and lifestyle destination.
A partnership between King Abdullah Financial District Development Management Company (KAFD DMC) and architectural and engineering consultancy SSH will see the rise of a new entertainment hub and cinema in the King Abdullah Financial District.
SSH has been awarded several projects in KAFD through which the consultancy will deliver design and multi-disciplinary services for hotels, branded residences, retail units, food and beverage outlets, car parking facilities, and entertainment venues, including a multiplex cinema.
Commenting on the partnership, Matt Squires, CEO at SSH, said: “As Saudi Arabia’s flagship business center in the heart of Riyadh, we are thrilled to be a key partner of choice for KAFD. Developments like KAFD excite us as they allow us to work with our clients and contribute our expertise and passion for design and engineering to influence this vibrant, global business and leisure hub positively. We are confident KAFD will be one of the world’s most prominent business and lifestyle districts, and we look forward to supporting both KAFD’s and Saudi Arabia’s 2030 vision to bolster economic growth through infrastructure development, real estate and housing, tourism, and hospitality”.
Gautam Sashittal, CEO of KAFD DMC, stated: “From the outset, our vision at KAFD DMC has been to develop and operate the hub as a 24/7 living district where tenants, residents, employees, and visitors can work, live, and play. We expect the district workforce and inhabitants to reach 100,000 by the end of 2024. As a result, we expanded our mixed-use offering and are excited about working with SSH to deliver better infrastructure with increased parking spaces and more hospitality, retail, and entertainment venues for our customers”.
Set in the heart of the Saudi capital Riyadh, KAFD features 1.6 million sqmts of office space, luxury residences and contemporary amenities. It is a key driver of Riyadh’s economic ambitions and is the largest LEED certified mixed-use financial district in the world.