16 Nov 2009 07:00
NEWS RELEASE
16 November 2009
Cyril Sweett Group plc
('Cyril Sweett' or the 'Group')
Cyril Sweett appointed on tallest building in Saudi Arabia
Cyril Sweett is delighted to announce it has been appointed by The Capital Market Authority to work on the iconic "crystalline" tower, in The King Abdullah Financial District in Riyadh.
The King Abdullah Financial District (KAFD) is a mega scale new development that will provide a new economic platform in the heart of the capital city. The focal point of the KAFD is the Financial Plaza which contains the five tallest towers in the scheme, of which the tallest is an iconic 'crystalline' tower which will be the Capital Market Authority (CMA) Tower . The CMA will occupy the upper section of the tower whilst the remainder of the floors are to be leased to other world leading financial organizations and banks. Cyril Sweett will be providing cost and project management services on the CMA Tower project, which is being designed jointly by HOK and Omrania & Associates.
The tower soars 385m above the surrounding cityscape and will provide an anchor for the district as a whole. The 'crystalline' tower will join the top-table of world tall towers(1). There will be a podium structure at the base of the Tower which integrates public circulation (via the district 'sky-bridge' system of the Masterplan) with the private amenity spaces (including the CMA Dining Facilities and a two storey state-of-the-art Auditorium) all within a breathtaking contemporary design. The project is due to complete beginning of 2012.
The building will incorporate energy efficient design to the very best Leadership in Energy and Environmental Design (LEED) credentials and it will make use of leading edge technologies such as photovoltaics.This premier 'Class A' office space integrates intelligent, cutting edge and adaptable services while adhering to the inherent principles of a 'Green Building' and at the same time creating an enjoyable working environment(2).
Dr. Said Rabiah, CMA Project Department Manager commented:- "We wanted to select consultants who have a proven track record of delivering tall buildings throughout the world and Cyril Sweett have excellent experience. The project needs to be delivered in a short timeframe, however we believe the team will deliver our project on time, to budget and to the highest appropriate level of quality."
Ramzi Nawfal, Regional Director, Saudi Arabia, commented: "This is an exciting yet complex project which will offer a series of challenges and risks. Given our experience in the successful delivery of project and cost management services across many major prestigious commercial development projects across the globe, particularly here in the Middle East, Cyril Sweett is well placed to manage these risks."
- Ends -
For further information and photography, call:
| Cyril Sweett Group plc Dean Webster, Chief Executive Officer | 020 7061 9000 |
| Caroline Covill, Head of Communications | 020 7061 9102 ; 07810 551 128 |
| Brewin Dolphin Investment Banking Andrew Kitchingman Sean Wyndham-Quin | 0845 270 8613 |
| Financial Dynamics Jonathon Brill Billy Clegg Georgina Bonham | 020 7831 3113 |
Notes to Editors:
(1) Top 15 list of tallest buildings and structures in the world (From Wikipedia 2/11/2009)
| Building | Country | City | Height (m) | Height (ft) | Built | |
| 1 | Burj Dubai | United Arab Emirates | Dubai | 818 | 2,684 | 2009 |
| 2 | KVLY-TV mast | United States | Blanchard, N.D. | 628.8 | 2,063 | 1963 |
| 3 | Guangzhou TV & Sightseeing Tower | China | Guangzhou | 610 | 2,001 | 2009 |
| 4 | CN Tower | Canada | Toronto | 553.3 | 1,815 | 1976 |
| 5 | Willis Tower | United States | Chicago | 527.3 | 1,730 | 1973 |
| 6 | Taipei 101 | Taiwan | Taipei | 509.2 | 1,671 | 2004 |
| 7 | Shanghai World Financial Center | People's Republic of China | Shanghai | 492 | 1,614 | 2008 |
| 8 | BREN Tower | United States | Nevada Test Site | 462 | 1,516 | 1962 |
| 9 | Petronas Twin Towers | Malaysia | Kuala Lumpur | 452 | 1,482 | 1998 |
| 10 | ||||||
| 11 | Kiev TV Tower | Ukraine | Kiev | 385 | 1,263 | 1973 |
| 12 | CMA Tower | Saudi Arabia | Riyadh | 385 | 1,263 |
(2) Environmental credentials
Whilst the architectural quality of the 'skin' of the building is highly visual, it is also a high performance solar control system, combining the technical efficiency of a triple glazed unitised panel that is further shaded by an external layer of fins, catwalks and perforated panels. The shading devices are oriented to minimise solar gain and internal cooling loads thereby saving on the size of the HVAC installation and reducing annual energy costs. Electrical energy will be re-claimed through the photo-voltaic installation on the roof of the Tower and also on the external fins.
Internal heat gains are further reduced by eliminating copper wire-based distribution systems for Data and Security, utilising instead the 'cool' technologies of wireless communication, air blown fibre strands and 'converged networks'. The intelligent infrastructure will merge voice, data and video networks to reduce costs, centralise management and boost productivity. Redundant capacity is built into all systems to accommodate for future expansion and upgraded technology.
About Cyril Sweett Group plc
Cyril Sweett is a leading international construction and property consultancy offering expertise in cost consultancy, project management, building surveying and a comprehensive range of specialist consulting services.
Cyril Sweett floated on the AIM market of the LSE in October 2007.
Founded in 1928, the Group has 30 offices throughout the United Kingdom, Australia, France, India, Ireland, Singapore, Spain and the United Arab Emirates.