The King Abdullah Financial District (KAFD) is a spectacular urban development situated in Riyadh, Saudi Arabia. Spanning more than five million square meters and designed by leading global architects, the city within a city is a thriving business and lifestyle hub.
Created with sustainability in mind, KAFD is one of the world’s largest real estate projects to achieve LEED Platinum certification for green neighborhood development, the highest accreditation from the U.S. Green Building Council. KAFD is owned and managed by King Abdullah Financial District Development & Management Company (KAFD DMC), established in 2018 as a subsidiary of the Public Investment Fund.
KAFD’s 94 buildings define the skyline of the capital and include Riyadh’s tallest skyscraper. The site was designed as an interconnected vertical city, and its residents, visitors and tenants are within 15 minutes of multiple services using integrated transportation—from skywalks to dedicated shuttles and a monorail. Alongside government entities, premier tenants include Saudi Aramco, Goldman Sachs, BNP Paribas, PepsiCo and Pfizer Saudi.
“As a prime business and lifestyle destination, our mission is to offer a competitive business ecosystem, a vibrant lifestyle experience and exceptional customer service,” says Gautam Sashittal, CEO at KAFD DMC.
To fulfill this mission, KAFD DMC must ensure that the district’s mechanical and electrical assets operate at the highest levels of performance and reliability. The organization manages tens of thousands of assets, including generators, transformers, HVAC systems, elevators, plumbing, lighting and safety controls. And these numbers increase regularly as the district grows.
“A 24x7 operational uptime of critical assets is essential, and we must provide for efficient maintenance of all assets and facilities to serve KAFD’s tenants and visitors,” notes Sashittal. In addition, KAFD DMC must manage the supply and storage of frequently needed maintenance spare parts and supplies. And if an issue occurs, maintenance contractors must be dispatched to resolve the problem.
The district’s many tenants, residents and expansive facilities create a considerable maintenance workload, including predictive, preventive, corrective and emergency maintenance. Orchestrating such work requires a robust enterprise asset management (EAM) solution, which brought the KAFD DMC team to a critical decision: which EAM solution would best meet the KAFD’s needs?