KAFD inks deal to launch monorail project

King Abdullah Financial District Development & Management Co. (KAFD DMC)

King Abdullah Financial District Development & Management Co. (KAFD DMC) inked an agreement with CRRC (Hong Kong) Co. Ltd. and CRRC Nanjing Puzhen Co. Ltd., alongside Hassan Allam Construction Saudi, to launch its groundbreaking monorail project.

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The signing came on the sidelines of the eighth edition of Future Investment Initiative (FII8) conference held in Riyadh.

The monorail is planned to span 3.6 kilometers in length, featuring a driverless autopilot operation, setting new standards in safety and efficiency. It 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, streamlining commutes while enhancing accessibility throughout the city. It is also expected to accommodate up to 3,500 passengers per hour during peak times.