

Jeddah Economic Co. (JEC) resumed works on this tower project that will exceed 1,000 meters tall. The developer has officially invited contractors to bid by the end of this year, 2023 for the completion of the tower’s work. Contractors invited for bidding are namely Almabani General Contractors, Al Bawani Co., China Harbour Engineering Co. (CHEC), Consolidated Contractors Co., El Seif Engineering Contracting (ESEC), Hyundai Engineering & Construction, Mohammed Abdulmohsin Al-Kharafi & Sons Co., Nesma & Partners Contracting Co., Power Construction Corporation of China (PowerChina), Samsung C&T Corp., Freyssinet Saudi Arabia Co. Ltd., Skanska AB and STRABAG International GmbH Co. These companies have three months to prepare their bids, expecting the companies to form joint ventures of local and international partners. JEC requested the SAR 653 million ($174m) worth of performance guarantees/bonds provided by the project former contractor, Saudi Binladin Group, noting that KHC, Bakhsh Group and Sharbatly Group own stakes in JEC of 40%, 40% and 20%, respectively. Before the tender was issued, JEC commissioned an independent assessment of the tower’s structure.
Project is currently on hold.
Project work is currently on hold stage.
It is understood that the project is still on hold.
Project is still on hold.
The project is on hold.
Project is still on hold.
It is understood that the project is still on hold indefinitely.
Project work is currently on hold.
Site Tel: (+966-12) 6165680.

- Kingdom Holding Company (Saudi Arabia)
- Address : 66th Floor, Kingdom Centre
- Pin : 1
- City : Riyadh 11321
- Telephone : (+966-11) 211 1111 / 1112
- Fax : (+966-11) 211 1112



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