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King Abdullah Financial District
RIYADH | GCC Bank Headquarters | 240m | 787ft | 53 fl | U/C

Also positioned at the heart of the KAFD district, Parcel 1.14 is a new headquarters building that will offer state-of-the-art office and amenity space. Intended to be the home for the newly formed GCC Bank, the tower’s timeless architectural design has been specifically tailored for occupation by the Gulf region’s governing financial institution.

Pivotal to the scheme’s architectural expression is its highly contextual response to environmental requirements. It is clad in a distinctive copper/stainless steel shell, which protects the interior working environment from intense solar gain, significantly reducing energy loads whilst creating an elegant aesthetic response.

The buildings functional and spatial arrangements have been carefully considered to support the business activities of its occupier. The floor plates have been refined to effectively support contemporary working practices creating dynamic, collaborative areas adjacent to the Financial Plaza with discreet space for focus work and framed views of Riyadh’s cityscape..

Space highlights include double level lobby/skywalks, executive spaces at roof level with access to landscaped shaded roof terraces, the three sky-lobbies and amenity floors easily reached from any of the tower’s 53 stories.

Plot (Parcel 1.14) coloured in purple (Financial Plaza)

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Saudi Arabia chosen to host headquarters of GCC central bank

Riyadh - Leaders of the Gulf Cooperation Council (GCC) countries chose the Saudi capital of Riyadh to be the headquarters for their regional central bank, the GCC secretary-general said on Tuesday.

"An agreement was reached on the headquarters of the monetary council that it should be in the city of Riyadh," Abdul-Rahman al- Attiyah told a press conference after the meeting of GCC leaders.

He added that details of the agreement would be released later and that no timetable had been scheduled for monetary union.

Selecting the bank's headquarters is a step towards the region's plan that includes a unified currency, targeted to go into effect in 2010. Several GCC officials have expressed doubt the deadline will be met.

Al-Attiyah said the kingdom was chosen because it is the only Arab and Middle Eastern member in the G20. The country also has approximately one-fifth of the world's oil reserves and is the largest oil producer of the Organization of the Petroleum Exporting Countries (OPEC).

GCC (Gulf council countries) Members:

Saudi Arabia
United Arab Emirates

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