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.
Exclusive from Meed
-
Egypt signs $420m Gabal El-Zeit wind agreements10 June 2026
-
-
Saudi Arabia and Turkiye sign railway agreements10 June 2026
-
-
All of this is only 1% of what MEED.com has to offer
Subscribe now and unlock all the 153,671 articles on MEED.com
- All the latest news, data, and market intelligence across MENA at your fingerprints
- First-hand updates and inside information on projects, clients and competitors that matter to you
- 20 years' archive of information, data, and news for you to access at your convenience
- Strategize to succeed and minimise risks with timely analysis of current and future market trends
Related Articles
-
Egypt signs $420m Gabal El-Zeit wind agreements10 June 2026
Egypt has signed agreements worth $420m for the investment, operation and power purchase of the 580MW Gabal El-Zeit wind power complex in the Red Sea region.
Gabal El-Zeit 1 has a capacity of 240MW, while Gabal El-Zeit 2 and 3 have capacities of 220MW and 120MW, respectively.
The agreements were signed between Egypt’s New and Renewable Energy Authority (NREA), the Egyptian Electricity Transmission Company (EETC) and Dubai-based Alcazar Energy.
Under the agreements, Alcazar Energy will invest in, operate and manage the farms through a project company established under Egyptian law.
The company will be responsible for technical operations, maintenance and efficiency upgrades while maintaining a minimum capacity of 580MW throughout the contract period.
The Egyptian Electricity Transmission Company will purchase the electricity generated by the plant.
The agreements follow earlier efforts to privatise the Gabal El-Zeit wind complex, involving a deal with UK-headquartered private equity firm Actis.
According to the Egyptian government, the project supports the country’s state ownership policy and national energy strategy, which aim to increase the share of renewable energy in the electricity mix to 45%.
The Gabal El-Zeit area on Egypt’s Red Sea coast is one of the country’s most established wind power development zones. The latest Gabal El-Zeit wind farm was completed in 2014, according to MEED Projects data. Germany’s Siemens Gamesa was the main contractor.
> Be recognised among the best in the industry at the MEED Projects Awards 2026 …
https://image.digitalinsightresearch.in/uploads/NewsArticle/17170360/main.jpg -
Majid Al-Futtaim awards $545m Ghaf Woods contract to ECC10 June 2026
Majid Al-Futtaim Properties has appointed Engineering Contracting Company (ECC) as the main contractor for the Capria East, Capria West and Maravelle Residences developments at its Ghaf Woods community in Dubai, in a deal valued at AED2bn ($545m).
The contract covers the construction of one-, two- and three-bedroom apartments and duplex residences across the two Capria clusters.
The award adds to a series of major construction contracts Majid Al-Futtaim has issued across its Dubai communities in recent years.
In May, local contractor Al-Sahel Contracting was awarded a AED700m contract for the Distrikt development, also at Ghaf Woods.
In 2024, Majid Al-Futtaim awarded AED3bn in contracts for its Tilal Al-Ghaf community, appointing Innovo Build to build 94 waterfront villas at Elysian Mansions and United Engineering Construction (Unec) to deliver 130 villas at the Alaya development.
> Be recognised among the best in the industry at the MEED Projects Awards 2026 …
https://image.digitalinsightresearch.in/uploads/NewsArticle/17170744/main.jpg -
Saudi Arabia and Turkiye sign railway agreements10 June 2026
Register for MEED’s 14-day trial access
Saudi Arabia and Turkiye have signed two memorandums of understanding (MoUs) to strengthen bilateral cooperation in the railway and logistics sectors, advancing Riyadh’s ambitions to become a global logistics hub.
Transport and Logistics Services Minister Saleh Al-Jasser and Turkish Transport and Infrastructure Minister Abdulkadir Uraloglu signed the agreements at the ministry’s headquarters in Riyadh on 9 June, following ministerial talks held with a high-level Turkish delegation. Transport General Authority president Fawaz Al-Sahli and officials from the kingdom’s transport and logistics sector were also present.
Agreement scope
The first MoU covers logistics services and operations, including the exchange of expertise, policies and regulations. The second focuses on railway technologies, signalling and communication systems, railway digitalisation, human capacity development, the localisation of the railway industry and measures to reduce the sector’s environmental impact.
More broadly, the agreements cover cooperation on railway standards and related innovations, the exchange of expertise on the design, operation and maintenance of rail projects, and engineering, infrastructure and safety standards.
The two sides will also cooperate on research and development, with provision for joint workforce training through specialist railway academies.
Riyadh said the agreements will help support its National Strategy for Transport and Logistics Services and Saudi Vision 2030, which seeks to position the kingdom as a logistics bridge connecting three continents.
Turkish projects
Turkish contractors have already established themselves as key players in the region’s rail sector. In 2012, Yapi Merkezi secured a $2.1bn contract for work on the Haramain high-speed rail network in Saudi Arabia, while Turkish firms Mapa and Limak are leading the ongoing civil works on Dubai’s $5.5bn Metro Blue Line project as part of a China Railway Rolling Stock Corporation (CRRC) consortium. Turkish consultancy Proyapi Muhendislik ve Musavirlik Anonim Sirketi has also won design contracts for the 111km Kuwait National Rail Road project.
The agreements signed by Saudi Arabia and Turkiye may also give momentum to longstanding discussions around a rail corridor linking the GCC with Turkiye. The route, which has been discussed for years, has gained renewed impetus in recent months as the effective closure of the Strait of Hormuz has pushed regional governments to accelerate the development of overland trade alternatives.
READ THE JUNE 2026 MEED BUSINESS REVIEW – click here to view PDFGCC looks beyond the Strait; Iraq’s reform window narrows as fiscal assumptions shatter; MEED Top 100 companies.
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/17169958/main.gif -
Joint venture tenders Algeria field development contract10 June 2026

Register for MEED’s 14-day trial access
Hassi Bir Rekaiz Group (GHBR), which operates Algeria’s Hassi Bir Rekaiz field, has issued a tender for phase 2A of the asset’s field development project.
GHBR is a joint venture of Algeria’s national oil and gas company Sonatrach and Thailand’s national exploration and production company PTTEP.
The scope of the contract focuses on the “provision of engineering and supervision services”, according to documents published by Sonatrach.
The tender has been issued with a bid deadline of 16 June 2026.
In May, GHBR signed a $1.1bn contract for phase two of the Hassi Bir Rekaiz development project.
The contract was won by a consortium of Egypt’s Petrojet and Italian engineering and contracting company Arkad.
Petrojet’s portion of the project was estimated to be worth around $600m, and Arkad’s portion was estimated to be worth $500m.
The contract used the engineering, procurement, construction and commissioning model.
The scope of the project contract is focused on the construction of a central processing facility (CPF) capable of processing crude oil and associated gas.
It also includes developing off-plot pipelines, as well as related utilities and infrastructure.
The CPF will have the capacity to process 32,000 barrels a day (b/d) and will be designed to support future expansions.
The related infrastructure will include an extensive pipeline network spanning approximately 217 kilometres, as well as a road network.
READ THE JUNE 2026 MEED BUSINESS REVIEW – click here to view PDFGCC looks beyond the Strait; Iraq’s reform window narrows as fiscal assumptions shatter; MEED Top 100 companies.
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/17163750/main3325.jpg -
Algeria extends deadline for urea-formaldehyde project10 June 2026

Algeria’s national oil and gas company Sonatrach has extended the bid deadline for a project to develop a new concentrated urea-formaldehyde unit in its Arzew industrial zone.
The latest bid deadline is 15 June.
The contract uses the engineering, procurement, construction and commissioning model, and the bid deadline for technical tender submissions was originally set for early April.
The condensed urea-formaldehyde unit will be located at the CP1-Z facility.
The CP1-Z facility began operations in 1975 and has a capacity of 152,000 tonnes a year. It produces products including methanol, resin and formol.
It is a two-phase tender. The first phase is a technical bid submission, and the second phase is a commercial bid submission.
To be eligible to win this contract, companies must specialise in petrochemical industrial installation projects.
They also need to have a share capital of at least $7m and more than 15 years of relevant experience.
The new unit, UFC85, will have the capacity to produce 40,000 metric tonnes of concentrated and condensed urea-formaldehyde annually.
The project’s scope also includes the development of auxiliary equipment and installations.
Urea-formaldehyde has a wide range of uses, including the production of laminates, textiles and paper.
In the wood industry, it is used as a thermosetting adhesive to bond wood to create plywood and particleboard. In agriculture, urea-formaldehyde is widely used as a slow-release fertiliser.
READ THE JUNE 2026 MEED BUSINESS REVIEW – click here to view PDFGCC looks beyond the Strait; Iraq’s reform window narrows as fiscal assumptions shatter; MEED Top 100 companies.
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/17163657/main.jpg

