According to MEED, the KAFD will provide more than 3 million square meters (around 9 million square feet) of space for various uses, along with 62,000 parking spaces and accommodation for 12,000 residents, with an overall goal of creating 44,000 new jobs and becoming the largest financial center in the Middle East.
Green features of the development include at least 50 percent of construction waste diverted from landfills, as well as 50 percent of all construction materials derived from recycled and/or regionally sourced options. Alternative transit systems will be available for those who work in the KAFD via a monorail system with six stations connected with public parking areas, as well as parking and facilities for those who choose to bike.
The Saudi Binladin Group is the principal design and build contractor on the project, and the client is the Rayadah Investment Company. The KAFD is expected to open in 2014.