Parsons awarded five-year project and construction management contract to expand KAFD ...United Arab Emirates

Parsons says it has won a five-year contract with King Abdullah Financial District Development and Management Company (KAFD DMC) to lead the expansion of KAFD in “new, undeveloped land”. KAFD features 1.6 million square meters of state-of-the-art office space, world-class facilities, and luxury residences. Described as the first vertical city solution in Saudi Arabia, it comprises a 5-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”, said Parsons. Over the course of the next half-decade, the firm said it will provide comprehensive project and construction management services for developing

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