JOIN USJeddah Tower in Saudi Arabia, which is set to be the world’s tallest building, is more than 20 per cent complete, according to the developers, Jeddah Economic Company (JEC).
The planned one-kilometre-high tower has already reached the 37th floor and is on track for completion by 2018, according to an announcement by Saudi Arabian billionaire Prince Alwaleed bin Talal’s investment firm Kingdom Holding, which owns a third of JEC. The project, formerly known as Kingdom Tower, is set to overtake the 828-metre Burj Khalifa in Dubai as the world’s tallest tower.
Although the number of habitable floors has not yet been revealed by JEC, the Chicago-based Council on Tall Buildings and Urban Habitat (CTBUH) expects it to be around 167 floors upon completion.
According to architecture firm, Adrian Smith + Gordon Gill, the project is expected to cost $1.2 billion. The tower will have 65 elevators and 12 escalators. The development is also expected to have the world’s highest observatory on its sky terrace. With financing in place, the company is all set to complete building Jeddah Tower and the infrastructure of Jeddah Economic City as per the five-year plan developed by JEC.