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Jeddah Tower
Overview
Establishing the world’s tallest skyscraper under the name “Jeddah Tower”, located at Obhour District, northern of Jeddah. The over 1,000-meter-tall tower is built on a land area of 500,000 square meters, and includes 170 storeys, seven of which accommodate a 500-room Four Seasons hotel, another seven storeys include offices and the remaining storeys include 121 hotel apartments, 318 condominiums equipped with services and facilities, including sports centers, a health club and restaurants, in addition to the world’s highest observation deck located on a 655-meter-height platform.
Jeddah Tower is part of Jeddah Economic City which is developed on a land area of 5 million square meters at a total cost of SAR 75 billion. The mixed-use city features residential complexes, hospitals, commercial offices, educational centers, a diplomatic area, malls, as well as entertainment and tourism facilities.
Project Information
- Real Estate > Landlords and developers
- The project is owned by Jeddah Economic Company (JEC), which is owned by Kingdom Holding Company (KHC) (40%), Bakhsh Group (40%), and Sharbatly Group (20%).
- The project’s construction contract was signed with Saudi Binladin Group in August 2011 at value of SAR 4.6 billion.
- In 2013, the company signed a SAR 162 million agreement with EC Harris to provide management services for the construction of the project, which includes supervising all contractors’ work and activities.
- Construction works above the ground started in September 2014.
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Jeddah Tower's completion was rescheduled to 2020 from 2018 due to financial difficulties at Saudi Binladin Group.
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In May 2017, the tower was 30% complete and the company expected the first phase to be completed by end of 2019.
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In January 2018, JEC signed the project’s infrastructure networks building with Al Fouzan Trading & General Construction, worth SAR 620 million.
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JEC signed the project’s electrical power contract with Saudi Electricity Company at a value of SAR 180 million.
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CEO of KHC announced that the project completion date was delayed because of the contractor, and expected the infrastructure works to be completed in July 2019.
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On September 14, 2023, the company announced the resumption of work on the project and invited contractors to submit their bids by the end of 2023.
Owners
Related Parties
Financing Sources
Project Developments
Local, global companies vie for Jeddah Tower tenderArgaam17/10/2023
Work resumes on Jeddah Tower, contractors invited to bid: ReportArgaam14/09/2023
Jeddah Tower progressing despite delay, says executiveArgaam Exclusive30/05/2016
Jeddah Economic City gets loan for world's tallest tower projectArgaam16/03/2016
Kone Middle East starts elevator assembly at Jeddah Kingdom Tower Argaam18/05/2015
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