Overview
Jeddah Tower is a skyscraper under construction in the city of Jeddah, standing more than 1,000 metres high and comprising luxury residential units, commercial spaces, a Four Seasons hotel and an observation deck overlooking the city and the Red Sea.[1]
On completion the tower will be the tallest building in the world, redefining the skyline of the city of Jeddah and presenting the Kingdom of Saudi Arabia as a showcase of architectural excellence and economic opportunity.[1]
Resumption of Construction Work
Kingdom Holding Company announced on 20 Rajab 1446 AH, corresponding to 20 January 2025, the resumption of construction work on Jeddah Tower and the pouring of concrete.[1] The announcement was made in the city of Jeddah in the presence of His Royal Highness Prince Alwaleed bin Talal, Chairman of the company, its Chief Executive Officer Eng. Talal Al Maiman, and representatives of a number of real-estate and architectural companies.[1]
Components of the Tower
Height and Global Standing
Jeddah Tower rises more than 1,000 metres and is set to become the tallest building in the world on completion.[1]
Economic and Urban Impact
The project aligns with the goals of the Kingdom of Saudi Arabia to diversify the economy and advance sustainable urban development, and it helps cement the Kingdom's standing as a showcase of economic opportunity.[1] Saudi Vision 2030 provides the national framework for these goals.[1]
Kingdom Holding Company
Kingdom Holding Company is a Saudi company listed on the financial market, and its share began trading within the services sector with the announcement of the Capital Market Authority.[2]
The authority set the entry of trading orders from ten in the morning, with trading starting at a quarter past ten and continuing until the close of the market through Saudi Tadawul.[2]
Frequently Asked Questions
Q: What is the height of Jeddah Tower and its global standing? A: It stands more than 1,000 metres high and will be the tallest building in the world on completion.[1]
Q: Where is Jeddah Tower located? A: In the city of Jeddah in the west of the Kingdom of Saudi Arabia.[1]
Q: What does the tower comprise? A: Luxury residential units, commercial spaces, a Four Seasons hotel and an observation deck overlooking the city of Jeddah and the Red Sea.[1]
Q: When was the resumption of the tower's construction announced? A: On 20 Rajab 1446 AH, corresponding to 20 January 2025.[1]
Q: Who owns the project? A: Kingdom Holding Company, a Saudi company listed on the financial market, whose share began trading within the services sector.[2]
Related topics
- RegionJeddah CityJeddah City is a Saudi city that is a gateway to the Two Holy Mosques and a station through which cultures have passed. Its history spans more than 1,400 years, and it is home to Historic Jeddah, inscribed on the World Heritage List in 2014, alongside modern development projects, most notably the Jeddah Central Project.
- HistoricJeddah WaterfrontJeddah Waterfront is a tourist destination on the Red Sea coast in Jeddah Governorate, made up of seven varied plazas extending 4500 metres from An-Nawras Roundabout to Jaber bin Al-Harith Street over an area of about 730,000 square metres. It opened in 2017 and took the name "Roshn Waterfront" in 2022, and more than 55 million visitors come to it each year.
- National visions and programmesSaudi Vision 2030: A Framework for TransformationAn introduction to Saudi Vision 2030, its social, economic and institutional themes, and the relationship between implementation programmes, long-term targets and measured results.
- Financial institutionsCapital Market Authority: Regulation and Investor ProtectionExplore the Saudi Capital Market Authority's role in securities regulation, disclosure and market oversight, and understand how the regulator differs from the exchange operator.
- TopicSaudi Tadawul GroupSaudi Tadawul Group is a Saudi holding company that forms the parent company of the Kingdom's capital market; the Saudi Stock Exchange (Tadawul) announced its conversion into it on 25 Sha'ban 1442 AH, corresponding to 7 April 2021. The Group comprises four subsidiaries, and its shares were listed on the Main Market after an initial public offering at which its market value reached SAR 12.6 billion.
- HistoricThe Red Sea ProjectThe Red Sea Project is a global tourism destination on the Red Sea coast in northwestern Saudi Arabia, developed by Red Sea Global within the Public Investment Fund's giga-projects. It spans more than 28,000 square kilometres, includes the world's fourth-largest flourishing coral reef, and aims to welcome one million visitors by 2030.