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Saudi Arabia’s Jeddah Economic Company (JEC) has awarded a US$43.2mn contract to a British joint venture comprising EC Harris and Mace Group, to manage its Kingdom Tower project
JEC’s US$1.23bn Kingdom Tower skyscraper project in Jeddah, which began in 2008, is expected to be more than 1,000 meters high when completed. It is touted to become the world’s tallest tower. The skyscraper would house a Four Seasons luxury hotel, apartments, office spaces, luxury condominiums and an observatory, according to JEC.
The Kingdom Tower is the first phase of development of an upcoming US$20bn district, the Kingdom City in Jeddah. JEC has announced that the Kingdom Tower is scheduled for completion in 2019.
In 2011, the Saudi Binladen Group was appointed as main contractor for the project.
JEC is partly owned by Prince Alwaleed’s Kingdom Holding Company, Abrar Holding Company, Qila’a Jeddah Company and the Saudi Binladen Group.
JEC chairman Prince Alwaleed said, “This contract further confirms that the Jeddah project continues on its strategic path.”
The company’s executive director of development and domestic investments, Eng Talal Al Maiman, announced that 80 per cent of the skyscraper’s piling works have been completed by Germany’s Bauer. Bauer has a US$32mn contract to develop the initial infrastructure for the Kingdom Tower. The remainder piling works are expected to be completed by the end of this year.