Saudi Binladin wins contract to build world’s tallest tower

03 August 2011

Local contractor will build 1 kilometre-high project in Jeddah

The local Saudi Binladin Group has been awarded an estimated SR4.6bn ($1.2bn) contract to build the world’s tallest tower on the outskirts of Jeddah.

The local Kingdom Holding Company signed the deal with the contractor on 2 August to build the 1 kilometre-high Kingdom Tower. MEED reported in April that Binladin was the low bidder and frontrunner to win the deal.

Dubai-based Emaar Properties is managing the development of Kingdom Tower, as well as the surrounding 23-square-kilometre Jeddah Kingdom City for the local Kingdom Holding Company.

The state-owned Kingdom Holding Company approved the plans for the tower project in early April. US-based Adrian Smith & Gordon Gill Architecture was selected to design the tower in March last year. The tower will contain hotels, offices, residential apartments and a shopping centre.

When completed, the Kingdom Tower will be almost 200 metres taller than Emaar’s 828m Burj Khalifa in Dubai (MEED 29:4:11).  

A MEED Subscription...

Subscribe or upgrade your current 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.