Jeddah Tower cements region’s status as global high rise capital

2 October 2024

 

> This package also includes: Contractor appointed to complete world's tallest tower


The appointment of Saudi Binladin Group (SBG) on 2 October to complete the 1,000-metre-plus-tall Jeddah Tower in Saudi Arabia will cement the region's status as the global high-rise capital. Dubai's Burj Khalifa has been the world's tallest tower since 2009, and the completion of Jeddah Tower will mean the region's run as home to the world's tallest building will continue for many more years. Here is a list of the region's tallest buildings:

1. Burj Khalifa, UAE

The construction of the world’s tallest skyscraper, Burj Khalifa, began in 2006 and reached its pinnacle in 2009.

The 829.8-metre-tall tower was developed by Dubai’s Emaar Properties and designed by US-based Skidmore Owings & Merrill.

Construction was led by a consortium of South Korea’s Samsung C&T, the local/Belgian Bel Hasa Six Construct and the local Arabtec Construction. The $875m main construction contract was awarded in December 2004.

The 163-storey tower took 22 million man-hours to build. Overall, the project cost about $1.5bn to complete. 

2. Mecca Royal Clock Tower, Saudi Arabia

The 601-metre-tall Mecca Royal Clock Tower is the landmark feature of the Abraj al-Bayt complex.

The development comprises seven towers overlooking the holy site of Kaaba, with a total built-up area of more than 1.4 million square metres and 15,000 apartments.

Saudi Binladin Group was the main contractor for the project.

The $800m contract for the clock tower was awarded in 2003 and the complex completed in 2012.

3. Marina 101, UAE

Marina 101 is the second-tallest building in Dubai.

Construction began in 2007 when Turkish contractor TAV was awarded the estimated AED800m ($218m) main contract.

The project involved building a 101-floor tower with a height of 425 metres and a total built-up area of 144,000 sq m.

The project has witnessed several setbacks over the years and remains unoccupied. The construction works were partially completed in 2017.

4. Princess Tower, UAE

Princess Tower is the second-tallest residential building in the world.

The 107-storey tower stands 413 metres tall and is located in Dubai Marina.

The project was announced in 2005 and the foundation works were completed in 2007.

The main contractor for the project was the Lebanese Arabian Construction Company.

The Princess Tower was the world’s tallest residential building from 2012 to 2015, when it was overtaken by 432 Park Avenue in New York City.

5. Al-Hamra Tower, Kuwait

The 80-floor Al-Hamra Tower is the tallest building in Kuwait and the 36th tallest in the world, at 412 metres. It was built by the local Ahmadiah Contracting & Trading Company. Construction works started in 2005 and were completed in 2011. The project was designed by US-based architectural firms Skidmore, Owings & Merrill, Callison and the local Al-Jazirah Engineers & Consultants. 

6. 23 Marina, UAE

The 392-metre-tall 23 Marina is the fourth-tallest building in the UAE and the 40th tallest in the world. Dubai Civil Engineering constructed the 88-floor tower. The construction works started in 2005 and the project was completed in 2012. US-based KEO International and Indian Architect Hafeez Contractor designed the tower. 

Jeddah Tower restart is watershed moment

7. PIF Tower, Saudi Arabia

The Public Investment Fund (PIF) Tower is located within Riyadh’s King Abdullah Financial District. US-based HOK Architects, Canadian WSP, Hyder Consulting and the local Omrania Associates designed the 385-metre-tall, 80-storey tower. The construction works began in 2009 and were finally completed in 2022. Saudi Binladin Group was the main project contractor.

8. Iconic Tower, Egypt

The 385-metre-tall Iconic Tower is the centrepiece among the 20 buildings of the Central Business District in Egypt’s New Administrative Capital. The construction of this 80-storey tower started in 2019 when China State Construction Engineering Corporation was appointed as the main contractor. The construction works on Africa’s tallest skyscraper were completed in 2022. Lebanese engineering company Dar al-Handasah was the project consultant. 

9. Burj Mohammed bin Rashid, UAE

Completed in 2014, Abu Dhabi’s tallest building measures 381 metres and consists of 88 floors. The tower, part of the Abu Dhabi World Trade Centre, was announced in 2004. The construction works started in 2007 under the government’s redevelopment plan. The consultants involved in the development included Arup, Mott MacDonald, Foster & Partners, AtkinsRealis and Callison. Lebanese contractor Arabian Construction Company undertook the construction works.

10. Elite Residence, UAE

Dubai Marina’s Elite Residence, a 91-storey residential building, is the sixth-tallest building in the UAE. The 380-metre-tall tower was announced in 2006 and designed by Lebanese Khatib & Alami. The construction works began in 2007 when Arabian Construction Company was awarded the main construction contract. The tower has been operational since 2012.

SOON TO JOIN

GCC countries’ quest to build tall towers is not over yet. Several upcoming developments are likely to overthrow some of the tall towers on our list. These schemes include:

  • The North Pole, 2kms (Saudi Arabia)
  • Burj Azizi, 725 metres (UAE)
  • Pentominium Tower, 516 metres (UAE)
  • Burj Binghatti, 500+ metres (UAE)

Tallest towers in the world

Jeddah Tower image (top): Jeddah Economic Company

https://image.digitalinsightresearch.in/uploads/NewsArticle/12641934/main.gif
Yasir Iqbal
Related Articles
  • Renewables projects in Oman near completion

    9 March 2026

    Three Oman-based renewable energy projects are nearing completion, according to OQ Alternative Energy (OQAE), part of Oman’s state-backed energy group OQ.

    The Riyah 1, Riyah 2 and North Solar projects have a combined capacity of 330MW and are expected to be operational by the end of the year, the renewable energy firm said in a statement.

    The Riyah 1 and Riyah 2 wind power plants are located in the Amin and West Nimr fields in southern Oman, while the North Solar project is located in northern Oman.

    OQAE owns a 51% share in the three projects, which are being developed in partnership with France’s TotalEnergies for state-backed firm Petroleum Development Oman (PDO).

    The schemes have a combined investment of more than $230m.

    Once commissioned, PDO will purchase the electricity from the plants through long-term power-purchase agreements with the developer team, whose 49% shares are owned by TotalEnergies.

    According to OQAE, the North Oman Solar project is approaching mechanical completion. About 95% of tracker and photovoltaic (PV) module installation has been completed, with full PV module installation expected by mid-March.

    Construction is also progressing on the Riyah wind projects. Seven wind turbines with a tip height of 200 metres have been erected and installation works are continuing on the remaining units.

    All 36 wind turbine generators have arrived in Oman and 19 have been transported from the port to the site. All wind turbine foundations have also been completed, allowing installation works to accelerate.

    OQAE said the projects have achieved about 30% in-country value, with several local companies involved in the supply chain.

    These include Voltamp, Oman Cables, Al-Kiyumi Switchgear and Al-Hassan Switchgear, which supplied electrical equipment and infrastructure components.

    Substation engineering design was carried out by Worley Oman. Muscat-based business conglomerate Khimji Ramdas handled logistics and customs management for turbine components.

    https://image.digitalinsightresearch.in/uploads/NewsArticle/15910036/main.jpg
    Mark Dowdall
  • Dubai’s real estate faces a hard test

    9 March 2026

    Commentary
    Yasir Iqbal
    Construction writer

    Register for MEED’s 14-day trial access 

    Dubai entered 2026 from a position of historic strength. Dubai Land Department figures show AED917bn ($250bn) in real estate transactions in 2025 across more than 270,000 deals, with residential prices up 60%-75% since 2021.

    In January 2026, the surge extended. Residential transaction values jumped 44% year-on-year to AED55bn. By most measures, it was Dubai’s strongest property cycle on record.

    Then the drones and missiles arrived.

    Iran has reportedly launched more than 1,000 drones and missiles towards UAE targets in recent days. Most of these attacks were neutralised, but debris struck its major assets, such as the Burj Al-Arab hotel and Dubai International airport. Explosions were also reported near the Fairmont the Palm hotel, the US Consulate and in Dubai Marina. These are not shocks that can be quietly absorbed by a market whose value proposition rests on being “safe”.

    Dubai property has been stress-tested before. In 2008, prices fell 50%-60% and took six years to recover. A 2014-19 correction knocked off another 25%-30%. Covid-19 was sharper but shorter, with the market stabilising within 12-18 months. Dubai tends to correct hard, then rebound quickly once confidence returns.

    What’s different now is the nature of the shock, which is the physical damage to the city itself. The core question is whether Dubai’s safe-harbour identity, which is what drew thousands of millionaires and billions in personal wealth last year, can survive missiles landing across the city for long.

    Markets have reacted negatively, as expected. Emaar and Aldar shares fell about 5% in a few days. Developer bond markets are largely shut to new issuance. Off-plan sales, which are about 65% of 2025 transactions, are most exposed because buyers must commit capital years ahead of planned delivery dates amid uncertainty.

    Fitch had already projected a correction of up to 15% in late 2025-26; UBS ranked Dubai fifth out of 21 cities for bubble risk.

    There are offsets, however. Regional capital flight has historically flowed into Dubai, and a large expatriate base provides steady demand. But it is unwise to assume past recovery patterns will repeat amid the unprecedented times, and a 2026 delivery pipeline of over 131,000 units, which is already running ahead of population growth.

    Dubai now faces two risks at once: a structural correction and a reputational shock. The outcome hinges less on the data than on one variable: how long the conflict lasts, and how close it stays.

    https://image.digitalinsightresearch.in/uploads/NewsArticle/15910169/main.jpg
    Yasir Iqbal
  • Bahrain’s Bapco Energies declares force majeure

    9 March 2026

    Register for MEED’s 14-day trial access 

    Bahrain’s state energy conglomerate Bapco Energies has declared force majeure on its group-wide operations following attacks on the Sitra oil refinery in the country.

    In a statement on 9 March, Bapco Energies said its decision to issue the force majeure notice follows “the recent attack on its refinery complex”, without providing details.

    Earlier in the day, Bahrain’s National Communication Centre announced that “the facility in Ma’ameer” – an apparent reference to the refining facility in near Sitra – had been targeted in an Iranian attack, causing a fire to break out. The fire was contained, and “the incident resulted in material damage but caused no injuries or fatalities”, said the statement carried by the official Bahrain News Agency.

    “The company clarified that all local market needs are fully secured according to the proactive plans in place, ensuring the continuity of supplies and meeting local demand without impact,” Bapco Energies said in its statement.

    “Bapco Energies values its relationships with all of its stakeholders and will continue to communicate the latest available information,” it said.

    The Monday morning attack on the Sitra refinery was the second strike on the complex in days. Iranian missiles hit the facility on 5 March, resulting in parts of the refinery being engulfed in flames, although that fire was also put out quickly.

    ALSO READ: Oil prices soar above $100 a barrel as conflict intensifies

    QatarEnergy has also issued force majeure to customers that have been affected by its decision to stop production and shipments of liquefied natural gas (LNG) and associated products.

    “QatarEnergy values its relationships with all of its stakeholders and will continue to communicate the latest available information,” the state enterprise said in a statement on 4 March.

    QatarEnergy announced its decision to halt production of LNG and associated products on 2 March due to military attacks on the company’s operating facilities in Ras Laffan Industrial City and Mesaieed Industrial City in Qatar.

    The following day, the company said it was stopping output of products in the downstream energy value chain, including urea, polymers, methanol, aluminium and other products.

    The state enterprise did not blame Iran for the attacks in either of its statements, but it is understood that its facilities have been hit by drones or missiles launched by Tehran, as it retaliates against Israel, the US and their military bases in the GCC states, further escalating the ongoing conflict.

    ALSO READ:
    https://image.digitalinsightresearch.in/uploads/NewsArticle/15910429/main.jpeg
    Indrajit Sen
  • Wade Adams wins more work in Dubai

    9 March 2026

    Dubai-based Wade Adams Contracting has been awarded two contracts covering infrastructure works in the Nad Al-Sheba and Villanova communities in Dubai.

    The first contract, which was awarded by local real estate developer Dubai Holding, covers roads and infrastructure works for the spine road at its Nad Al-Sheba residential development.

    The scope of work includes the development of the road network, service reservation, storm water drainage, street lighting, traffic control, potable water system and sewage collection system.

    The work also covers the main irrigation system, fire-fighting system, electrical power ducts, telecommunications, spare ducts, irrigation pump station, storm pump station and all utility tie-in connections to adjacent packages.

    The project area covers 2,800 square metres (sq m).

    The other contract covers the infrastructure works for the La Tilia cluster at the Villanova development.

    The scope of work includes ground investigation, demolition and site clearance, earthworks, road network, Dubai Electricity & Water Authority-related works, street lighting, telecommunications, irrigation, drainage, sewerage and spare ducts.

    In August last year, Wade Adams Contracting was awarded a contract to carry out infrastructure works within the Nad Al-Sheba Gardens development in Dubai, as MEED reported.

    The contract includes enabling works, roads and utility services in Zones C, D and H of the development.

    The project spans an area of over 550,000 sq m within Nad Al-Sheba Gardens.

    This latest contract adds to the work awarded to Wade Adams in January, which included two contracts for grading and enabling works in clusters D and H of Nad Al-Sheba Gardens, as well as infrastructure works in Zone E.

    https://image.digitalinsightresearch.in/uploads/NewsArticle/15909803/main.jpg
    Yasir Iqbal
  • Firms submit Qiddiya staff accommodation bids

    9 March 2026

     

    Saudi gigaproject developer Qiddiya Investment Company (QIC) received bids from contractors on 23 February for a SR980m ($261m) contract covering the construction of staff accommodation at Qiddiya Entertainment City.

    The tender was issued in October last year. 

    The project will cover an area of more than 105,000 square metres (sq m).

    QIC is accelerating plans to develop additional assets at Qiddiya City. Last month, QIC started the main construction works on its performing arts centre at Qiddiya Entertainment City.

    The groundbreaking ceremony was attended by Abdullah Aldawood, managing director of QIC.

    The project site is located near the Tuwaiq Mountains in Qiddiya.

    The Qiddiya City performing arts centre is one of several major projects within the greater Qiddiya development. Other projects include an e-games arena, Prince Mohammed Bin Salman Stadium, a motorsports track, the Dragon Ball and Six Flags theme parks and Aquarabia.

    In December last year, QIC officially opened the Six Flags theme park to the public.

    The theme park covers an area of 320,000 sq m and features 28 rides and attractions, 10 of which are thrill rides and 18 designed for families and young children.

    The Qiddiya project is a key part of Riyadh’s strategy to boost leisure tourism in the kingdom. According to UK analytics firm GlobalData, leisure tourism in Saudi Arabia has experienced significant growth in recent years.

    The kingdom's tourism sector posted record-breaking numbers last year, as over 130 million domestic and international visitors entered the kingdom, representing a 6% increase in visitor numbers compared to 2024.

    https://image.digitalinsightresearch.in/uploads/NewsArticle/15909416/main.gif
    Yasir Iqbal