King Abdullah Financial District Development & Management Company (KAFD DMC) has won the Procurement Excellence Program from the Chartered Institute of Procurement & Supply (CIPS) for its prime development King Abdullah Financial District (KAFD).
King Abdullah Financial District is a major business and lifestyle destination with hi-tech digital infrastructure located in Riyadh.
Set in the heart of the capital, KAFD is home to 1.6 million sqm of state-of-the-art office space, world-class entertainment venues, and iconic luxury residences. Its 94 towers, designed by 25 world-leading architectural firms, are reshaping the skyline of Riyadh.
The Procurement Excellence Program (PEP) is a globally-recognized award presented to those organizations demonstrating excellence in their procurement and supply chain activities.
The award drives regular improvements, and value across supply chains as well as highlights procurement’s role as a fundamental part of an organization’s strategy and effectiveness.
“The award is a testament to our commitment to making sustainable practices central to KAFD’s supply and management,” remarked KAFD DMC’s CEO Mr. Gautam Sashittal.
“As the world’s largest Leed-certified neighborhood, KAFD is committed to maintaining high standards of energy efficiency and reducing water use, as well as ensuring sustainable practices across procurement processes. This award from CIPS is yet another stamp of global credibility on KAFD’s international reputation in this regard. We are immensely proud of our team for achieving this award in record time,” Mr. Sashittal added.
Mr. Sam Achampong, Managing Director at CIPS, said that, “This award recognizes the hard work of talented professionals in the industry, and increases their credibility. The subject of sustainability is gradually being integrated into every segment of industries, which has helped strike meaningful collaborations, and attract excellent vendors.”