Innovest signs MoUs with industry partners to drive homeowner population in KSA

Innovest signs MoUs with industry partners to drive homeowner population in KSA

Careem, a leading multi-service platform in the region, has partnered with King Abdullah Financial District Development and Management Company, to upgrade and streamline the travel experience for residents and visitors of KAFD, the country’s prime business and lifestyle hub. The agreement was signed on Sept. 12 in a ceremony hosted at Cityscape Global Riyadh.

Set in the heart of the Saudi capital Riyadh, KAFD features 1.6 million square meters of state-of-the-art office space, world-class facilities and iconic luxury residences, designed to transform the way urban communities live, work, and play. A 22-kilometer drive from King Khalid Airport, KAFD is a key driver of Riyadh’s economic ambitions and is the largest LEED certified mixed-use financial district in the world. It is owned and managed by the KAFD DMC.

Home to the Kingdom’s first cinema, KAFD is recognized for its exclusive business and lifestyle offering and advanced smart city solutions. By 2025, it is expected that 100,000 people will live and work in the district whose five asset classes will include more than 70 F&B outlets, three hotels, and an array of entertainment options. 

Careem will launch more dedicated solutions to make travel smoother and more reliable at KAFD, such as special tools to manage