Saudi Arabia has multiple ambitious projects in the pipeline in a bid to become the new center of economic activity of the world.
After six years, the project will get a new lease of life and be known as the Jeddah Tower following its location inside Jeddah Economic City. While other consulting teams remain the same, local media reported that SBG is no longer involved with the project.
14 companies, both local and from countries such as China, South Korea, and Sweden, have now been invited to bid for the remainder of the project, with deadlines to sign the contract set for the end of the year. The JEC conducted an independent assessment of the project before issuing the tender.Standing a kilometer tall, the Jeddah Tower will dwarf Dubai's iconic building by more than 560 feet . This would be the equivalent of stacking three Eiffel Towers on top of each other.
Jeddah Economic City is designed to overlook the Pearl of the Red Sea, but the Jeddah Tower will provide views of more than what the eye has seen before. The Tower will feature the world's highest observation deck and aims to become a new world wonder.and offer an intelligent transportation matrix in the region.
The cost of the Jeddah Tower was $1.3 billion when it was announced in 2008. It remains to be seen how much it would cost to build the world's tallest building more than a decade later.
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