EXCLUSIVE: Saudi Arabia plans 2km megatall tower in Riyadh
7 December 2022

Saudi Arabia’s Public Investment Fund (PIF) is considering plans for a 2-kilometre megatall tower as part of an 18-square-kilometre masterplanned development to the north of Riyadh.
The proposed tower will be more than double the height of the world’s tallest building – Dubai’s Burj Khalifa, which is 828 metres tall. Contractors that have priced megatall towers in the region say that depending on the final design, a 2km-tall structure could cost about $5bn to construct.
A design competition with a participation fee of $1m is underway for the record-breaking tower, according to multiple sources close to the contest.
The sources add that about eight firms have been invited to participate in the competition. The firms involved include some of the world’s leading names in architecture, which have been selected based on their experience working on other megatall towers and iconic designs around the world.
The prospective participants include US-based firms Skidmore, Owings & Merrill (SOM), Adrian Smith & Gordon Gill Architecture, Kohn Pedersen Fox (KPF) and Gensler; 10Design, which is part of France’s Egis; and Dubai-based Killa Design.
The project site is located west of the existing King Khalid International airport, and EY conducted the feasibility study for the development.
For the Burj Khalifa in Dubai, the cost of the tower was justified because it enhanced the land values of the surrounding Downtown district.
The developer of the Burj Khalifa, Dubai-based Emaar, used the strategy again when it launched The Tower at Dubai Creek Harbour in April 2016 to boost property sales of the surrounding Dubai Creek Harbour development. That tower, planned to be at least 928 metres tall, has not progressed beyond the raft foundation.
Riyadh’s proposed tall tower is just one major project planned for the northern outskirts of Riyadh. On 28 November, a masterplan for an expansion to the airport was announced.
It will be known as King Salman International airport, and if completed on time in 2030, it will become the largest airport in the world in terms of passenger capacity. It will cover an area of about 57 square kilometres, allowing for six parallel runways, and will include the existing terminals at King Khalid International airport.
Other tall buildings are planned elsewhere in Saudi Arabia, and the scale of the structures reflects Riyadh’s confidence as it moves to deliver the objectives set out by Vision 2030 with a series of self-styled gigaprojects.
WATCH: Saudi Arabia gigaprojects market outlook
At Neom, the first modules of the 170km-long buildings known as The Line are 500 metres tall. Other structures, such as the two hotel towers for the Gas Station Hotel at the Gulf of Aqaba, are planned to be 500 metres tall.
Saudi Arabia has planned tall buildings before. PIF was considering plans for a tower of up to 1.2km in height at King Abdullah Financial District (KAFD) on a plot known as KAFD X. Consultants were preparing designs for the project in 2019.
Another tall tower planned for Saudi Arabia is the 1,008-metre Jeddah Tower Scheme. Construction work on that tower began about 10 years ago and subsequently stalled after the structure reached about 70 storeys.
Attempts to revive the project have not proceeded as companies are reluctant to take on any liabilities from contractors and consultants that had previously worked on the scheme.
According to the Council on Tall Buildings and Urban Habitat (CTBUH), a supertall building is over 300 metres tall, while one that measures over 600 metres is considered megatall. Currently, there are 173 supertalls and only three megatalls completed globally, says the CTBUH.
According to tall building database Emporis, only two completed structures in the Middle East are megatall: the Burj Khalifa and the 601-metre-tall Mecca clock tower.
The PIF did not respond to a request to comment on the 2km-tall tower plans.
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> AGENDA: Gulf races to reroute trade> EXPORT ROUTES: Regional war boosts oil and gas pipeline project activity> CURRENT AFFAIRS: UAE’s Opec departure fulfils multiple ends> MEED TOP 100: Middle East stocks recover unevenly> LEADERSHIP: Building the infrastructure that makes net zero possible> TRADE DEAL: UK-GCC trade deal talks concludeTo see previous issues of MEED Business Review, please click herehttps://image.digitalinsightresearch.in/uploads/NewsArticle/17106014/main.jpg -
Building around the strait4 June 2026
Commentary
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The closure of the Strait of Hormuz has turned a lingering, and previously unlikely, threat into reality in 2026. The shutdown of the maritime chokepoint, which is about 33 kilometres wide at its narrowest point, has plunged the global economy into crisis, with fuel prices spiking and fears of energy shortages growing. While diplomatic efforts are under way to resolve the disruption, the GCC’s geographic Achilles heel remains.The closure has also highlighted the importance of alternative logistics and energy corridors. Saudi Arabia’s East-West pipeline has enabled the export of 7 million barrels a day of oil from the Gulf coast across the kingdom to the Red Sea, while the UAE has rapidly scaled up operations at Fujairah and directed Adnoc to accelerate development of its 520km West-East pipeline.
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Fitch Ratings has revised its global airport sector outlook to ‘deteriorating’ from ‘neutral’, warning that disruption linked to the Iran conflict is creating a more challenging operating environment for airports and airlines and clouding traffic visibility into 2026.
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Hub exposure
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READ THE JUNE 2026 MEED BUSINESS REVIEW – click here to view PDFGlobal energy sector forced to recalibrate; Conflict hits debt issuance and listings activity; UAE’s non-oil sector faces unclear recovery period amid disruption.
Distributed to senior decision-makers in the region and around the world, the June 2026 edition of MEED Business Review includes:
> AGENDA: Gulf races to reroute trade> EXPORT ROUTES: Regional war boosts oil and gas pipeline project activity> CURRENT AFFAIRS: UAE’s Opec departure fulfils multiple ends> MEED TOP 100: Middle East stocks recover unevenly> LEADERSHIP: Building the infrastructure that makes net zero possible> TRADE DEAL: UK-GCC trade deal talks concludeTo see previous issues of MEED Business Review, please click herehttps://image.digitalinsightresearch.in/uploads/NewsArticle/17105894/main.gif -
Read the June 2026 MEED Business Review4 June 2026
Download / Subscribe / 14-day trial access For decades, the Strait of Hormuz has served as a critical artery of the global energy system. Despite being only 33 kilometres wide at its narrowest point, this strategic maritime passage has traditionally handled around one-sixth of global oil consumption and nearly one-third of worldwide liquefied natural gas trade.
Following Iran’s effective closure of the strait in 2026, Gulf states have been compelled to rapidly identify and develop alternative transport corridors. This effort extends beyond safeguarding oil exports from the region to ensuring the continued flow of food, consumer products and industrial supplies that underpin the Gulf’s economies. Read more here. June’s market focus is on Iraq, which is entering mid-2026 with the largest project pipeline in its post-2003 history, encompassing more than $420bn in planned and ongoing investments. However, the country faces an exports collapse that could challenge its ability to deliver this ambitious programme.
This edition also includes our Top 100 report – an annual ranking published by MEED that identifies the 100 largest publicly listed companies in the Middle East and North Africa based on their market capitalisation.
In the latest issue, we explore why the UAE’s Opec departure fulfils multiple ends; investigate why insurers will only cover a fraction of war damage to oil and gas facilities; analyse Saudi Arabia’s real estate ownership reforms; and examine the first trade deal between the GCC and a G7 nation.
We hope our valued subscribers enjoy the June 2026 issue of MEED Business Review.

Must-read sections in the June 2026 issue of MEED Business Review include:
> AGENDA: Gulf races to reroute trade
> EXPORT ROUTES: Regional war boosts oil and gas pipeline project activity
> CURRENT AFFAIRS: UAE’s Opec departure fulfils multiple endsINDUSTRY REPORT:
MEED Top 100
> Middle East stocks recover unevenly> OIL & GAS: Insurers will only cover a fraction of war damage to oil and gas facilities
> LEADERSHIP: Building the infrastructure that makes net zero possible
> LEGAL: Saudi Arabia’s foreign property ownership milestone
> TRADE TALKS: UK-GCC trade deal talks conclude
> IRAQ MARKET FOCUS:
> COMMENT: Iraq’s reform window narrows
> GOVERNMENT: Al-Zaidi takes Iraq’s premiership under US shadow
> BANKING: Financial challenge tests Iraq’s resolve
> ECONOMY: Iraq enters era of resilience, reform and rising risks
> OIL & GAS: Iraqi oil and gas sector in crisis
> POWER & WATER: Focus shifts to delivery of Iraq utilities expansion
> CONSTRUCTION: Momentum builds in Iraq’s post-war construction sector> MEED COMMENTS:
> Institutional capital sees past conflict risk
> Gulf conflict fails to slow Dubai’s projects push
> Oman steps up hydrogen plans
> Bidders assess partnership strategy for utilities projects> GULF PROJECTS INDEX: Gulf Projects Index resumes growth trajectory
> APRIL 2026 CONTRACTS: Middle East contract awards
> ECONOMIC DATA: Data drives regional projects
> OPINION: Hoping for a long, cool summer
> BUSINESS OUTLOOK: Finance, oil and gas, construction, power and water contracts
To see previous issues of MEED Business Review, please click herehttps://image.digitalinsightresearch.in/uploads/NewsArticle/17088038/main.gif

