Construction on Saudi Arabia’s Jeddah Tower reaches new heights

By Sophie Chapman
The construction work on one of Saudi Arabia’s tallest projects, Jeddah Tower, has reached the 63rd floor. The US$1.5bn project will be used for resi...

The construction work on one of Saudi Arabia’s tallest projects, Jeddah Tower, has reached the 63rd floor.

The US$1.5bn project will be used for residential, retail, and hotel purposes, and if predicted to be the tallest building in the world, standing at 1,000m on completion.

A consortium won the bid to develop the tower, with the Jeddah Economic Co (JEC) owning a 33% stake in the project, and the main contractor, Saudi Binladin Group, having a 16.6% stake.

Both firms were affected by the nation’s purge on corruption in 2017, which led to delays in progress.

SEE ALSO:

“We have faced delays. In projects of this magnitude you always have delays -- I hope we’ll recover the delays we’ve had. We will be open for business by 2020, hopefully,” Reuters reported Mounib Hammoud, CEO of JEC, stating.

Work on shelling and cladding the building is anticipated to be complete by next year, with Al Fouzan Trading and General Construction Company expected to finish the infrastructure after winning the $165.3mn bid.

An engineering company in Chicago is approving the concrete mix on a monthly basis due to Saudi Arabia’s unsuitable climate.

JEC will likely sign a deal with Saudi Electricity Co for a 134MW substation to be built, in order to supply the structure with electricity, Reuters reported.

Share

Featured Articles

Masdar works with African countries on renewable projects

Agreements with Angola, Uganda and Zambia will see development of renewable energy projects with a combined capacity of up to 5GW

Select Group awards US$816.7m in construction contracts

Contracts awarded cover more than 10 million square feet of development and are for development projects launched over the last year

Saipem awarded $1.2bn contracts for Guyana and Egypt project

Italian multinational say new contracts will be for ExxonMobil Guyana and Petrobel

Saudi Arabia dominates MENA construction sector in 2022

Facilities Management

WeBuild-led consortium signs €1.26bn Italian highway contrac

Construction Projects

Shaariq.com signs MoU with Pakistan’s JK&S Developers

Digital Construction