King Abdullah Financial District facts for kids
The King Abdullah Financial District (KAFD) is a massive new city area being built in Riyadh, the capital of Saudi Arabia. It's designed to be a super important place for money and business in the Middle East. Think of it as a special zone where big banks and financial companies will have their main offices.
But KAFD isn't just for business! It will also have homes for people, lots of offices, and cool places for learning and fun. This huge project is expected to cost around $7.8 billion (US dollars) to build.
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What Can You Do at KAFD?
The King Abdullah Financial District will have many exciting places for both people who live there and visitors of all ages. You can find museums, art shows, shopping malls, hotels, and restaurants. There will also be special centers for meetings and big auditoriums for events.
Fun and Learning Spots
Some of the cool places planned include an Aquarium, a big Conference Center, and a museum about how cities are built. You can also visit the Earth's Climate Center to learn about our planet, or explore the Science Museum. For relaxing, there's a Health Club. Kids will love the Interactive Children's Museum, where they can play and learn.
Getting Around KAFD
To make moving around easy, every building in KAFD will have special walkways connecting them. This means you can walk from one building to another without going outside! There will also be a special monorail train system that travels all through the district. This train will make it simple and fun to explore the whole area.
How Big is KAFD?
The King Abdullah Financial District is a really big place! It covers an area of 1.6 million square meters. That's like 225 football fields!
Buildings and Space
In total, KAFD will have 34 tall towers. The entire district will offer over 3 million square meters of space. This space is used for homes, offices, and even 62,000 parking spots for cars. About 12,000 people are expected to live in KAFD once it's finished.
Who Will Be in KAFD?
The King Abdullah Financial District is designed to be a major hub for finance. This means it will be home to some very important financial organizations.
Main Financial Hubs
The main offices for the Capital Market Authority (CMA) will be in KAFD. This is the group that makes rules for money markets in Saudi Arabia. The Saudi Stock Exchange, called Tadawul, will also have its headquarters here. This is where companies buy and sell shares.
Other Important Organizations
KAFD will also have a special school called a financial academy. This is where people can learn all about money and banking. Many banks, companies, and other financial groups will also have their offices in this new district.
How KAFD Was Designed
Many talented people and companies are working together to design and build the King Abdullah Financial District.
Building the Monorail
A company called Bombardier Inc was chosen to build the monorail train system for KAFD. This big project cost about SR904 million, which is around $241 million (US dollars).
Architecture and Style
The overall look and design of KAFD are being created and watched over by a company called Henning Larsen Architects. Also, a famous architecture firm, Zaha Hadid Architects, is designing the KAFD's metro station.
Images for kids
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AMC Cinema (formally KAFD Conference Center)
