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.
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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:
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Tallest towers in the world


Jeddah Tower image (top): Jeddah Economic Company
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Etihad Rail awards multibillion-dollar high-speed rail contracts5 February 2026

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The UAE’s Etihad Rail has awarded multibillion-dollar design-and-build contracts for the civil works and station packages of the high-speed railway (HSR) line connecting Abu Dhabi and Dubai.
The contract for the construction of the Abu Dhabi side of the railway was awarded to a consortium comprising Abu Dhabi's National Projects Construction (NPC), Trojan Tunnelling, Turkiye's Kalyon and Beijing-headquartered China State Construction Engineering Corporation.
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MEED understands that the whole scheme is worth $8bn-plus.
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French engineering firm Egis and Singapore’s Surbana Jurong are the designers for the L&T-led consortium.
Last month, MEED exclusively reported that Etihad Rail was preparing to award the contracts for the HSR.
The design speed of trains running on the UAE’s HSR network will be 350 kilometres an hour (km/h), and the operating speed will be 320km/h.
The proposed HSR programme will be constructed in four phases, gradually adding further connectivity to other areas within the UAE.
The first phase involves constructing a railway line connecting Abu Dhabi and Dubai, which is expected to be operational by 2030.
The second phase will develop an inner‑city railway network with 10 stations within the city of Abu Dhabi.
The third phase of the railway network involves constructing a connection between Abu Dhabi and Al-Ain.
The fourth phase involves developing an inter-emirate connection between Dubai and Sharjah.
The 150km first phase of the HSR will stretch from the Al-Zahiyah area of Abu Dhabi to Al-Jaddaf in Dubai.
The project’s civil works have been split into two packages – Abu Dhabi and Dubai – comprising four sections. The scope of these sections includes:
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The rail line will have five stations: Al-Zahiyah (ADT), Saadiyat Island (ADS), Yas Island (YAS), Abu Dhabi International airport (AUH) and Al-Jaddaf (DJD).
The ADT, AUH and DJD stations will be underground, while ADS will be elevated and YAS will be at grade.
The overall construction package also includes provisions for rolling stock, railway systems and two maintenance depots.
The high-speed project will slash journey times between the UAE’s two largest cities and economic centres. The journey time between the YAS and DJD stations will be 30 minutes.
Spanish engineering firms Sener and Ineco are the project’s engineering consultants.
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Aldar announces $18bn UAE contract awards in 20254 February 2026
Abu Dhabi-based real estate developer Aldar Properties has announced the award of construction contracts totalling over AED66bn ($18bn) in 2025.
These awards span a diverse portfolio of residential, commercial, infrastructure and logistics projects across the UAE.
The newly awarded contracts cover large-scale residential communities, strategic infrastructure, and Grade A commercial and logistics assets across key growth locations nationwide.
Collectively, the projects will deliver thousands of new homes, modern commercial and logistics facilities, and critical infrastructure that respond to evolving market demand and advance sustainable urban development.
In Abu Dhabi, contracts were awarded across a range of projects for Aldar and the local government. On Saadiyat Island, local contractor Fibrex Construction was appointed for Mamsha Gardens and Nobu Residences, while Dubai-based Dutco Construction Company was awarded the main contract for The Arthouse.
On Fahid Island, Indian firm Shapoorji Pallonji was awarded the main contract for Fahid Beach Residences.
Beijing-headquartered China State Construction Engineering Corporation and Abu Dhabi’s Western Bainoona Group, Nael & Bin Harmal Hydroexpert, Yas Projects, Said Bin Darwish and Noor Al-Sahara General Contracting were also awarded contracts across a number of national housing and infrastructure projects during 2025.
In Dubai, Aldar continued to deliver across major residential and logistics developments. Sharjah-based Ginco General Contracting was contracted to develop villas and townhouses at Athlon.
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In Ras Al-Khaimah, Shapoorji Pallonji was awarded contracts for the Al-Marjan Beachfront development.
Aldar said in a statement: “In line with the UAE’s National In-Country Value (ICV) programme, almost 45% of the total value of projects awarded in 2025 is expected to be recirculated into the local economy, supporting economic diversification, industrial development and job creation across the UAE.
“Aldar continues to embed ICV principles across its procurement processes by prioritising UAE-based contractors and suppliers and supporting the growth of domestic capabilities across the construction value chain,” the statement added.
READ THE FEBRUARY 2026 MEED BUSINESS REVIEW – click here to view PDFSpending on oil and gas production surges; Doha’s efforts support extraordinary growth in 2026; Water sector regains momentum in 2025.
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Kuwait signs 25-year offtake for Al-Zour North IWPP4 February 2026
Kuwait has signed a 25-year energy conversion and water purchase agreement for the Al-Zour North independent water and power plant (IWPP) phases two and three.
The deal was signed by Saudi Arabia’s Acwa and local financial institution Gulf Investment Corporation (GIC) with Kuwait’s Ministry of Electricity & Water, confirming the long-term offtake arrangements for the project.
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Kuwait recently established a new public shareholding company to manage the next stages of the project.
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Qatar’s Public Works Authority (Ashghal) has outlined plans to undertake 67 projects as part of its development strategy for 2026.
The majority of the upcoming projects cover sectors such as buildings, highways, roads, water and drainage.
The projects to be undertaken in the first quarter of this year include:
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- Carrying out all recommended work to ensure the necessary approvals from the Civil Defence Authority are obtained
- Remaining works of C/2020/60 RIW for junctions & RA in various areas of Greater Doha: phase 9
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- Consultancy services for MM building damages investigation and repairs recommendations
- Consultancy services for modernisation of tunnels on Lusail Expressway & Sabah Al-Ahmad corridor
- Consultancy services for survey works, GIS, CAD and BIM on a call-off basis
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- Design and build of a truck stop outside the wall of the medical quarry in Al-Ruwais
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- Framework contract for the road link works in several locations across Qatar
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- Modernisation of tunnels on Lusail Expressway & Sabah Al-Ahmad corridor
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- On-call contract for geotechnical, environmental & structural tests and evaluation services
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- PSA roads and infrastructure in Al-Kheesa North and East (Rawdat Al-Hamama District): package 3
- R&I in southwest of Al-Wukair (DW086 – DW092)
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Qatar market overview
Qatar’s next construction cycle is starting to take shape. In recent months, the country has made progress on several high-profile, large-scale infrastructure schemes that are set to inject fresh momentum into Qatar’s construction pipeline and, crucially, translate into years of contract flow for local contractors, suppliers and service firms.
The largest of these schemes includes the proposed high-speed rail line connecting Riyadh and Doha, the revived Friendship Bridge to Bahrain and a planned road corridor linking Qatar with the UAE.
For the construction industry, these moves signal that the state is ready to shift from post-World Cup consolidation to a new, longer-term buildout anchored in regional connectivity.
That longer-term view is especially important after a flat 2025, when contract awards slipped to just over $2bn — the weakest annual total in the past five years — and many in the industry felt a widening gap between plans and procurement.
The mood has now shifted. With about $64bn-worth of projects in the pipeline, Qatar is not short of project opportunities.
The next phase has the potential to sustain contractors and the wider supply chain in the near term, while bringing a more predictable rhythm back to the market as these programmes are broken into packages and move to tender.
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Dar Global seeks firms for Dubai Trump tower and hotel4 February 2026

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Saudi Arabia-headquartered real estate developer Dar Global has asked contractors to express interest in a contract to build the Trump International Hotel and Tower project in Dubai.
Dar Global is developing the project in collaboration with the US-based Trump Organisation.
The 80-floor tower will be built next to the Shangri-La Hotel on Sheikh Zayed Road.
The tower will be among the tallest in Dubai, with an estimated height of approximately 350 metres.
In December last year, Dar Global appointed Dubai-based Edrafor Emirates to undertake the foundation works on the project.
Dar Global is also developing the estimated $1bn Trump Plaza Jeddah project in Saudi Arabia.
In November last year, Abu Dhabi-based contractor Arabian Construction Company won the estimated SR2bn ($532m) main contract to build the Trump Tower Jeddah.
The project comprises a mixed-use development of apartments, townhouses, offices, retail, food and beverage offerings, and a 4,000-square-metre club.
Dar Global, a subsidiary of Dar Al-Arkan, was one of the first Saudi brands to list on the London Stock Exchange.
According to an official statement, the project is the region’s first Trump International Hotel & Tower and represents the fifth collaboration between Dar Global and the Trump Organisation.
Dar Al-Arkan established Dar Global in 2017 to focus on developing projects in the Middle East and Europe. It has $12bn-worth of projects under development in six countries: the UAE, Oman, Qatar, Saudi Arabia, the UK and Spain.
It completed three developments – the Urban Oasis and Da Vinci towers in Dubai and the Sidra gated community in Bosnia – in 2023.
The company collaborates with global brands including Missoni, W Hotels, Versace, Elie Saab, Automobili Pagani and Automobili Lamborghini.
READ THE FEBRUARY 2026 MEED BUSINESS REVIEW – click here to view PDFSpending on oil and gas production surges; Doha’s efforts support extraordinary growth in 2026; Water sector regains momentum in 2025.
Distributed to senior decision-makers in the region and around the world, the February 2026 edition of MEED Business Review includes:
> AGENDA: Mena upstream spending set to soar> INDUSTRY REPORT: MEED’s GCC water developer ranking> INDUSTRY REPORT: Pipeline boom lifts Mena water awards> MARKET FOCUS: Qatar’s strategy falls into place> CURRENT AFFAIRS: Iran protests elevate regional uncertainty> CONTRACT AWARDS: Contract awards decline in 2025> LEADERSHIP: Tomorrow’s communities must heal us, not just house us> INTERVIEW: AtkinsRealis on building faster> LEADERSHIP: Energy security starts with rethinking wasteTo see previous issues of MEED Business Review, please click herehttps://image.digitalinsightresearch.in/uploads/NewsArticle/15564796/main.jpg
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