Jeddah Tower construction restarts
Developer Kingdom Holding Company has confirmed that construction of the Jeddah Tower, soon to be the world's tallest skyscraper, has officially restarted. The announcement follows a long delay, with work on the tower having been paused in 2018 after reaching the 63rd floor.
A ceremony last week marked the resumption, as concrete was poured on the 64th floor.
“Construction of the Jeddah Tower, a global symbol of ambition and progress, has officially restarted,” Kingdom Holding Company said in a statement.
The tower, designed by Adrian Smith + Gill Gordon Architecture, is set to reach a height of at least 1,001 metres, surpassing the current tallest building, the Burj Khalifa in Dubai, by 173 metres.
Originally planned for completion in 2020, the project was delayed multiple times. However, Kingdom Holding now expects the tower to be finished by 2028, with one floor being completed every four days. When completed, Jeddah Tower will feature a Four Seasons hotel, apartments, offices, and the world’s highest observation deck on its 157th floor.
The total cost of the project is reported to be SAR 7.2 billion (approximately £1.55 billion), with SAR 1.1 billion (£238 million) already spent on earlier work. Construction will be funded through a combination of internal financing and bank loans.
Located in a new district to the north of Jeddah, the Jeddah Tower is part of a larger development covering 5.3 million square metres. The infrastructure for the first phase, which covers 1.3 million square metres, has already been completed, with essential services such as water, electricity, and high-speed internet being installed.
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