The King Abdullah Financial District (KAFD) is a new development under construction near King Fahad Road in the Asahafa area of Riyadh, Saudi Arabia. It is being undertaken by the Rayadah Investment Corporation on behalf of the Pension Authority of the Kingdom of Saudi Arabia. Consisting of 59 towers in an area of 1.6 million sq metres, it will provide more than 3 million sq metres of space for various uses, 62,000 parking spaces and accommodation for 12,000 residents.
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