King Abdullah Financial District facts for kids
The King Abdullah Financial District (KAFD) is being built in Riyadh, Saudi Arabia. It will have the Saudi Stock Exchange and Capital Market Authority. The KAFD will be an important financial center in the Middle East. However, KAFD will not only be a financial center. It will have areas where people live, offices, and educational and recreational facilities. The King Abdullah Financial District is estimated to be worth about $7.8 billion (US).
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Facilities and attractions
There will be multiple educational and recreational attractions for residents and visitors of all ages in The KAFD. KAFD will feature museums, exhibitions, malls, hotels, restaurants, conference centers and auditoriums. Such as, the Aquarium, the Conference Center, the Built Environment Museum, the Earth's Climate Center, the Science Museum, the Relaxation Health Club, and the Interactive Children's Museum. Also, there will be seven uniquely designed mosques spread throughout the KAFD. Also, every building will have footbridges that will connect one building to another. That will make traveling through buildings easy. Further, the monorail train that will travel through the whole district.
Space and capacity
The King Abdullah Financial District will span an area of 1.6 million square meters that consists of 34 towers in total. The KAFD will cover over 3 million square meters of space for different purposes such as residential, parking, and office spaces. KAFD will house 12,000 residents and in addition, it will have 62,000 parking spaces.
Banks and headquarters
The King Abdullah Financial District will have the headquarters of the Capital Market Authority (CMA) and the Saudi Stock Exchange (Tadwul). Added to that, the KAFD will also accommodate a financial academy, and a number of banks, companies and other financial institutions.
Architecture and design
Bombardier Inc has been given a SR904- million ($241-million) contract to build a monorail system for the King Abdullah Financial District. KAFD’s architecture is designed and is being supervised by Henning Larsen Architects. Moreover, Zaha Hadid Architects will design the KAFD’s metro station.
Images for kids
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AMC Cinema (formally KAFD Conference Center)
