The King Abdullah Financial District Development & Management Company (KAFD DMC) announced in a statement that it has signed a landmark agreement to launch its groundbreaking Monorail, a key initiative that is set to redefine urban mobility and improve pedestrian movement within the district.
The agreement was signed with CRRC (Hong Kong) Co. Limited and CRRC Nanjing Puzhen Co. Ltd, alongside Hassan Allam Construction Saudi.
The agreement was signed on the sidelines of the eighth Future Investment Initiative (FII) held at the King Abdul Aziz International Conference Center in Riyadh,
The Monorail spans 3.6 kilometers and features a driverless autopilot operation, setting new standards in safety and efficiency. The sleek, elevated system will consist of six trains, traveling along a circular track with six stations strategically placed across the district to connect key areas, encompassing office buildings, retail spaces, and leisure facilities. The Monorail also offers seamless connectivity by integrating with the Riyadh Metro, making transfers smooth with enhanced accessibility throughout the city. Its design aligns with KAFD’s vision of a “10-Minute City”.
Located in the heart of the Saudi capital, Riyadh, KAFD is a transformative mixed-use development that merges the worlds of business and lifestyle and sets new benchmarks in urban living, smart city technologies, and sustainable development, designed to transform how urban communities live, work, and play. Spanning 1.6 million square meters, the Kingdom’s first vertical city is home to 95 buildings across five asset classes, featuring Grade A office spaces, upscale residences, diverse commercial and retail areas, luxury hospitality, and vibrant entertainment venues, all interconnected and walkable within 10 minutes.
The Monorail, expected to handle up to 3,500 passengers per hour during peak times, underscores KAFD’s commitment to pioneering urban solutions that improve residents’ quality of life while championing environmental responsibility. Once operational, the project will establish KAFD as a model for future urban mobility developments globally.
