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Sun June 26 2022

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Riyadh contract extension for Hill International

13 Nov 13 Hill International has won a contract extension to continue providing project management services for the $7.8bn (£4.9m) King Abdullah Financial District in Riyadh, Saudi Arabia.

The one-year contract extension, which was awarded by the country’s Public Pension Agency, has an estimated value to Hill of approximately $6.6m (£4.1m).

The King Abdullah Financial District is anticipated to be the biggest financial district in the Middle East and a strategic development for the city of Riyadh.  The site is approximately 17.2 million square feet and the development is expected to have floor space of over 32.3 million square feet.  The Financial District is expected to be the headquarters for the Capital Market Authority, the Tadawul Stock Exchange and other major financial institutions, as well as a location for service providers such as accountants and lawyers.

"We are honored to be part of this state-of-the-art development for doing business and facilitating investment both within the Kingdom and throughout the Middle East," said Mohammed Al Rais, senior vice president and managing director (Middle East) for Hill's project management group. 

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