The world’s tallest building in Saudi Arabia is taking shape as the Public Investment Fund (PIF) evaluates current bids. Firms have submitted offers for a contract to provide project management consultancy (PMC) for a new central business district (CBD) on the outskirts of Riyadh. This also includes the proposed 2-kilometer megatall tower project. The PMC role covers both the tower and the surrounding district.
The request for proposals is understood to have been issued by a subsidiary of the PIF known as the Tower District Real Estate Development Company. The firms invited for the bid entail mostly international-based companies such as Aecom and Jacobs. Furthermore, Parsons and Turner and UK-based Mace are also in the bidding row. UK-based Foster & Partners is already working on the project as its architect. The company was issued this tender after winning a design competition launched in late 2022.
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The Significance of the World’s Tallest Building as a Record Breaker
The significance of the world’s tallest building in Saudi Arabia is one of monumental relevance and need. Once complete, the tower will be more than double the height on the current world’s tallest building. Standing at 828 meters, Dubai’s Burj Khalifa holds this record though several buildings are expected to surpass it. One of them is Saudi Arabia’s Jeddah Tower, which is expected to be taller than 1000-meters once completed. However, the tower in Riyadh, stretching up to 2-kilometers, is expected to surpass it by several hundred meters.
Contractors that have priced mega tall towers in the region say the structure could cost about $5 billion to construct. This though is dependent on the final design of the building. The world’s tallest building and the surrounding CBD, known as Project Rise, sits within a larger master planned development. Dubbed the North Pole, project Rise is part of this master planned development taking shape in the north of Riyadh.
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