KAFD is an integrated urban development located in northern Riyadh. It covers an area of 1.6 million square meters and includes over 59 skyscrapers, as well as commercial, residential, cultural, and entertainment facilities. The total project cost is approximately SAR 375 billion (USD 100 billion). The first phase was completed in 2017, and the second phase is scheduled to conclude in 2025.
KAFD aims to position Riyadh as a global financial hub. It hosts the headquarters of the Saudi Capital Market Authority, the Saudi Stock Exchange, and several other financial institutions. It also includes a financial academy offering specialized training.
Rawaq Najd provided engineering consultancy services, including design reviews, redesigns, as-built and shop drawings, and obtained operational and safety licenses for multiple towers in the district.