Parsons wins 5-year construction service contract in Saudi KAFD

Parsons wins 5-year construction service contract in Saudi KAFD

The King Abdullah Financial District Development and Management Company (KAFD DMC) has awarded a 5-year contract to Parsons Corporation for project and construction management services in Saudi Arabia’s prime business and lifestyle destination, the King Abdullah Financial District (KAFD).

Located in the heart of 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 how urban communities live, work, and play. It is the first vertical city solution in Saudi Arabia, comprising 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.

With a regional team of more than 6,000 employees, Parsons brings deep domain expertise across urban development, smart mobility, asset management, design, sustainability, and landscape architecture.

Gautam Sashittal

CEO – KAFD DMC, “While we are excited about the new construction and new buildings planned in KAFD, we remain steadfastly committed to reducing our carbon emissions. To date, over 40 of our buildings, ranging from office towers to residential and landmark buildings, have received Silver and Gold LEED certifications. And we look forward to this next chapter with Parsons ensuring the sustainability of our built environment and its decarbonization.”

Mr. Pierre Santoni,