A SAR 620 Million Contract Has Been Signed For World’s Soon-To-Be Tallest Tower
A SAR 620 million deal has been signed in Jeddah for the infrastructure work at the site of the Jeddah Tower. The soon-to-be world’s tallest tower was initially set to complete by 2020, however; no recent updates by the Jeddah Economic Company state that this schedule will remain on track.
The Jeddah Tower will be taller than the Burj Khalifa
It is planned to stand at 1,000 meters (3,281 feet tall), according to Arab News. With the cost of the project totalling up to $1.2 Billion Dollars. The aforementioned contract was awarded to the Saudi-owned Al- Fouzan General Contracting Co. and plans to finish the work within a year.
An update on the tower so far…
“The tower will have residential apartments that will suit most budgets”
The works are going according to the set timeframe and soon, plots of land will be available and ready for development by local and international investors with all support services and utilities that includes: state-of-the-art infrastructure, district cooling, gas networks, streets furnishing and finishing, generous public open spaces, gardens and other elements of an environmentally friendly smart city.
The project offers the tallest tower in the world, a sustainable mixed-use environment, residential apartments for most budgets, a tourism retail and leisure destination and a business center. Jeddah Economic City Project will anchor the growth of Jeddah and will offer thousands of job opportunities for young Saudis in various fields.
Jeddah Economic Company CEO Mounib Hammoud (via Arab News)
Here are a couple photos of the project so far..
It’s coming through rather rapidly, floor by floor and their official Instagram page is there to update us along the way.
