RIYADH, Saudi Arabia, 23 August 2023: Parsons Corporation announced that it has been awarded a five-year contract by the King Abdullah Financial District Development and Management Company (KAFD DMC) for project and construction management services in the King Abdullah Financial District (KAFD). Making the announcement through a Press release, Parsons Corporation said the contract will support the expansion of KAFD in the new undeveloped land.

Pierre Santoni, President, Infrastructure, EMEA, Parsons, said: ‘‘As one of the largest real estate projects globally with a ground floor area of five million square metres, KAFD is a physical manifestation of Saudi Vision 2030. Furthermore, the KAFD eco-system embodies the core values that underpin Saudi Arabia’s sovereign goals, and we are proud to support the government with this development and contribute to the growth and diversification of the district.’’

Parsons said that with a regional team of more than 6,000 employees, it will offer services across urban development, smart mobility, asset management, design, sustainability, and landscape architecture. The company further said it will provide comprehensive project and construction management services for developing commercial, hospitality, residential, municipal, and mixed-use buildings and the associated infrastructure to support the high-rise development.

Parsons also said it is working with KAFD DMC to ensure all new buildings being constructed obtain LEED certification, including the first municipal fire station in the region to receive LEED Platinum certification. Furthermore,  Parsons said it is jointly engaged to manage the design and construction of water recovery and reuse facilities to supplement scarce resources for development.

Gautam Sashittal, Chief Executive Officer, KAFD DMC, said: “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 decarbonisation.”