Kingdom Holding Company made an announcement on Monday on resuming the Jeddah Tower Construction works and pouring of concrete. This information was announced in the presence of the company’s chairman, Prince Alwaleed bin Talal and the CEO Engineer Talal Al-Maiman. Furthermore, also present were representatives from several real estate and architectural companies.
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.
Jeddah Tower Factsheet
Location: Jeddah Economic City
Height: At least 1 kilometer
Architect: Adrian Smith
Contractor/Developer: Saudi Binladin Group
Cost: $1.23 Billion
Start date: April 1, 2013
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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.
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