Jotun Paints, one of the world's leading producers and suppliers of paints and coatings, announced that it has secured a massive contract to paint the major part of ‘King Abdullah Financial District’ (KAFD), a state-of-the-art and fully self contained centre for doing business and facilitating investment and enterprise currently under construction in Riyadh, Saudi Arabia. The high profile undertaking, which will involve paint work on 850,000 sq. metres-of the financial centre, is part of manufacturer’s aggressive growth strategy in the region.
Envisioned as part of the Kingdom’s overall economic diversification program, KAFD is being built by Hill International, with Omrania & Associates and Gensler & Associates acting as the project consultants, and will have a total built-up area of 1.6 million sq. metres. With aims to protect the structure from the elements and natural wear and tear, Jotun recommended its ’Fenomastic’ range for the structure’s interiors and ‘Jotashield’ for the exteriors, with solvent-free ‘Jotafloor’ coatings to be used for the floors.
“The ‘King Abdullah Financial District’ project stands to be one of our biggest achievements in terms of decorative projects we have undertaken in Riyadh till date, and we are very excited to complete this enormous task using our specially-formulated paints and coatings,” said Kjell Gundersen, Managing Director, Jotun Saudia. “Given the important role it will play in further strengthening the Kingdom’s position as the Middle East’s financial capital, we are committed to ensuring that the paint solutions we will deliver will provide maximum protection for this important icon of the Kingdom’s economic dominance.”
Upon its completion, KAFD will house the Capital Market Authority (CMA) and the Stock Exchange (Tadawul), as well as financial institutions and other service providers such as accountants, auditors, lawyers, analysts, rating agencies, consultants, and IT providers. In addition, the project will also accommodate a financial academy for 5,000 students, offices, hotels, shops, recreational facilities, waterways, squares, parks, sports arenas, restaurants and six mosques including. A monorail system will serve as the main means of transportation within the development, while skywalks bridges will connect all 30 buildings within the financial district.
