Al Fouzan Wins Jeddah Tower Contract

By Davis Thattil | Feb 27, 2018
Al Fouzan Trading and General Construction Company has been awarded the contract for finishing the infrastructure work of Jeddah Economic City and Jeddah Tower by the Kingdom Holding Company. The SR620 million ($165.3 million) contract was signed by Eng. Talal Almaiman, chief executive officer of Kingdom Holding Company (KHC), and board member of Jeddah Economic City. The infra works will be completed within 12 months by Al-Fouzan.

Jeddah Tower, which is projected to be over 1,000 meters (3,281 feet) tall, eclipsing Dubai’s Burj Khalifa, which is over 828 meters, will cover an area of 5.3 million square meters and include 439 apartments, 200 hotel rooms, 59 elevators and 2,205 parking spaces. It is set to break new world records for tallest building, highest occupied floor, highest architectural top, highest tip and highest sky terrace.

“The works are going according to the set timeframe and soon, plots of land will be available and ready for development by local and international investors with all support services and utilities that includes: state-of-the-art infrastructure, district cooling, gas networks, streets furnishing and finishing, generous public open spaces, gardens and other elements of an environmentally friendly smart city,” Mounib Hammoud, chief executive officer of JEC said in the statement.

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