The world’s second tallest Burj Azizi tower steel contract has been awarded to Malaysian-headquartered Eversendai. The contract was awarded by the client company Dubai-based Azizi. The $1.5 billion Azizi Tower is among the most high-profile developments currently under construction in Dubai.

Furthermore, once complete, the tower is expected to become the world’s second tallest tower standing at 725-meters. The 131-plus story tower is scheduled for completion by 2028. Moreover, it will feature a mix of residential, hospitality, retail and entertainment spaces including a 7-star hotel.

Earlier in April, Azizi Developments announced the appointment of formwork and scaffolding company Doka for the 14-storey Burj Azizi Car Park Building 1 project. The firm also already announced the launch of global sales for the project with apartments available from $1.35 million.

Other Projects

The Burj Azizi rivals other buildings aspiring to reach for the skies such as the Jeddah Tower, which is deemed will be the world’s tallest standing at 1,000 meters+.

Jeddah Tower was first proposed to be built to a height of a mile. However, a soil test taken in late May 2008 on the project site revealed that the land was not suitable for a building that high. The exact height of the tower is yet to be made public. Nonetheless, it is said that the tower will be more than 1000 meters. The tower will thus be the world’s tallest surpassing the current record holder, Burj Khalifa, by 180 meters.

Scope on the World’s Second Tallest Burj Azizi Tower

The world’s second tallest Burj Azizi Tower is expected to have the world’s highest observation deck on level 130. This is according to past statements by the development company, Azizi. Furthermore, it is expected to have the highest hotel lobby on level 111 and the highest nightclub on level 128. It will also have the highest restaurant on level 122, and the highest hotel room on level 118.

Additionally, it will be the only freehold property on Sheikh Zayed Road. The structural steel contract to Eversendai comes as a reprieve from their earlier contract termination from NEOM. Last month, Eversendai Corporation had announced that it received a notice of termination for the structural steel contract awarded to its consortium with Al Bawani Co.

The works were for the Trojena desert ski village development as part of a broader restructuring of the project scope. However, Eversendai were not the only ones affected as NEOM cancelled contracts for Webuild on the same project.

Project Overview

• Project Name: Burj Azizi Tower
• Project Type: Mixed-use supertall skyscraper
• Value: ~$1.5 billion (overall project)
• Steel Contract: ~$300 million
• Height / Scale: ~725 m, 131+ floors
• Status: Under construction; completion targeted 2028

Key Stakeholders

• Developer: Azizi Developments
• Steel Contractor: Eversendai Corporation
• Additional Contractor: Doka

Location

• City: Dubai
• Road: Sheikh Zayed Road
• Country: United Arab Emirates

Scope

• 725 m tower (world’s second tallest upon completion)
• Mixed-use: residential, hotel, retail, entertainment
• Includes 7-star hotel and luxury apartments

Funding / Delivery Model

• Privately developed project (Azizi)
• Multiple contract packages (steel, formwork, etc.)
• Global property sales (units from ~$1.35M)

Status

• Steel contract awarded to Eversendai
• Moreover, aditional packages (car park) awarded
• Also construction ongoing toward 2028 completion

Key Risks & Challenges

• Extreme high-rise engineering complexity
• Coordination across multiple contractors
• Market and delivery risks for luxury developments

Strategic Significance

• Positioned as world’s second tallest tower
• Major addition to Dubai skyline
• It also enhances luxury real estate and tourism offering

Notable Features

• Observation deck (Level 130)
• High-altitude amenities (hotel, restaurant, nightclub)
• Also only freehold tower on Sheikh Zayed Road Bottom of Form