Site icon Times of Jerusalem

Tawadul Group awards $36.7m contract for fit-out works in new HQ in KAFD

Tadawul Group Holding Co. has awarded a SR137.98 million ($36.7 million) contract for fit-out works to its new headquarters in King Abdullah Financial District, according to a bourse statement.

The contract was given to Riyadh-based Construction & Planning Co., the statement said, and covers fit-out works for some designated floors in the new Riyadh HQ.

Tadawul Tower has been designed by Japan’s Nikken Sekkei and will host the Saudi stock exchange, major banks and financial institutions, according to the Nikken Sekkei website.

The construction and equipment works at the KAFD are nearing completion and have reached their final stages, Al Arabiya reported in May 2022.

The Public Investment Fund’s KAFD is located in the heart of Riyadh and covrs an area of more than 3 million sq. m..

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