Bassam Majbeh, project manager with US-based Turner International, confirms that a decision is to be made imminently.
Piling work is 90 per cent complete, he adds, with a total of 1,500 piles in the foundations covering the 34,000 square metre site.
The firms prequalified for the work include the local/ Lebanon Saudi ACC, El Seif and Saudi Binladin Group, both local, South-Korea's Samwhan Corporation, Dubai-based Arabtec and Athens-based Consolidated Contractors International Company (CCC).
The UAE-based Cayan Investment & Development Company is the client.
The project is located on the Jeddah corniche and involves the construction of two towers on a common podium. The taller of the two towers will reach 310 metres (MEED 1:4:08).
A MEED Subscription...
Subscribe or upgrade your current MEED.com package to support your strategic planning with the MENA region’s best source of business information. Proceed to our online shop below to find out more about the features in each package.