The Jeddah Construction initiative has officially resumed full structural construction following a major $1.92 billion (SAR 7.2 billion) contract award to Saudi Binladin Group (SBG).
Developer Jeddah Economic Company (JEC) mobilized main contractor teams to complete the landmark supertall structure, which already stands past 120 floors and exceeds 482 meters in height.
This major real estate milestone complements large-scale regional urbanization programs across Saudi Arabia, expanding civil development momentum seen in the Ardara AlWadi Project Abha: Contractor Begins Early Works on $1B Development, which established early utility infrastructure works for major mixed-use hubs in the Aseer region.
Structural engineers designed the central spire to surpass 1,000 meters upon completion, reclaiming its status as the world’s tallest planned building.
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Jeddah Economic Company, backed by principal shareholders Kingdom Holding Company and Abrar Holding, structured the target timeline for full project completion by 2028. The remaining construction works focus on vertical concrete core extensions, complex facade installation, and MEP system integration.
In contrast, The Mukaab in Riyadh abandons the race for height in favor of immense volume and immersive technology.
January 27, 2025
According to Kingdom Holding Company, the Jeddah Tower will have a height that exceeds 1,000 meters. This building will become the tallest in the world surpassing the Burj Khalifa in UAE, Dubai.
With matters regarding the revival of this ambitious project ,in 2024, Kingdom Holding Co. made an announcement revealing that its associate Jeddah Economic Company has sealed the deal with Saudi Binladin Group to resume the construction of the Jeddah Tower is back in full motion after years of hiatus.
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The Jeddah Tower is poised to redefine the skyline of Jeddah and position the Kingdom of Saudi Arabia as a global hub of both architectural excellence and economic opportunities. This is in line with the Kingdom’s goals which seek to diversify the economy and also promote a sustainable urban development.
When was Jeddah Tower Construction Halted?
The construction works on the Jeddah Tower were paused in the year 2018. This ambitious project to construct the world’s tallest building was in limbo until 2023 when the development works resumed.
Other challenges that slowed down the Jeddah Tower Construction works were the Saudi Arabia political intrigue and also the several Covid-19 shutdowns experienced during the pandemic period.
Also read: Contractor Commences Works on Six Senses Residences Dubai Marina, World’s Tallest Residential Tower
Project Fact Sheet
Name: Jeddah Tower (formerly Kingdom Tower) – Jeddah Economic City Anchor.
Type: Supertall Mixed-Use Skyscraper, Luxury Hotel, Residential & Commercial Real Estate.
Location: Jeddah Economic City, Obhur, Jeddah, Kingdom of Saudi Arabia.
Total investment: $1.92 Billion USD (SAR 7.2 Billion) remaining construction contract / $20+ Billion wide-area master plan valuation.
Developer / Parent Company: Jeddah Economic Company (JEC) & Kingdom Holding Company (KHC).
Status: Construction Officially Resumed (Active Construction Past Floor 120 / 482+ Meters).
Construction employment: Over 10,000 direct civil, structural, facade, and MEP construction workers during peak buildout.
Permanent employment: Supports over 3,500 permanent hospitality, property management, retail, and observation deck operational jobs.
Timelines and production targets: Construction restarted Q4 2024; targeted final completion and commissioning by 2028; planned height exceeding 1,000 meters (3,281 ft).
Technology integration: Ultra-High-Pressure Concrete Pumping Systems, KONE UltraRope Double-Deck Elevators, Dynamic Wind Dampers, Automated Building Management Systems (BMS).
Raw material supply: 80,000 tonnes of structural steel, 500,000 cubic meters of high-durability reinforced concrete, specialized triple-glazed low-E glass facade panels.
Economic impact: Anchors the 5.3 million square meter Jeddah Economic City, drives high-end tourism, and strengthens commercial real estate expansion under Saudi Vision 2030.
Key infrastructure needs: Deep Foundation Piles (105m), High-Speed Elevator Shafts, Sky Lobbies, Helipads, Dedicated Electrical Substations, High-Altitude Concrete Pumps.
Delivery risks: Extreme-altitude material hoisting logistics, high-elevation wind forces, complex vertical MEP integration.
Primary target markets: Global Real Estate Investors, Luxury Hotel Guests (Four Seasons), High-Net-Worth Residential Buyers, Commercial Corporate Tenants.
Project Team
Developer & Master Owner: Jeddah Economic Company (JEC)
Lead Shareholders: Kingdom Holding Company (KHC), Abrar Holding, Saudi Binladin Group, Abdulrahman Hassan Sharbatly
Main EPC Contractor: Saudi Binladin Group (SBG)
Architect & Lead Designer: Adrian Smith + Gordon Gill Architecture (AS+GG)
Structural Engineers: Thornton Tomasetti
MEP & Environmental Engineers: Environmental Systems Design, Inc. (ESD)
Foundation & Geotechnical Engineer: Langan International
Project & Construction Manager: Mace Group / EC Harris Joint Venture
Vertical Transportation Contractor: KONE Corporation
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