Kingdom Holding: Jeddah Tower reaches 120th floor

Kingdom Holding Co. (KHC) said Jeddah Tower has reached the 120th floor, with a height of approximately 482 meters.

More than 322,000 cubic meters of concrete have been poured, representing around 72% of the total targeted volume, the company said in its financial results statement.

More than 3,900 façade panels have been installed, equivalent to about 14% of the total.

Initial installation work for the tower's mechanical, electrical, and plumbing (MEP) systems is also underway, while the subcontractor responsible for the steel works on the Sky Terrace project has begun work on site.

Meanwhile, the company’s CEO Talal Ibrahim Al Maiman expects Jeddah Tower to reach a height of around half a kilometer before the end of this year.

He noted that KHC’s affiliate, Jeddah Economic Co. (JEC), continues to show promising long-term prospects, alongside progress on the construction of Jeddah Tower.

According to data available on Argaam, Kingdom Holding announced in January 2025 the official resumption of construction works and concrete pouring for Jeddah Tower.

Meanwhile, JEC signed an agreement in October 2024 with Saudi Binladin Group to complete construction works on the tower project, which is expected to exceed 1,000 meters in height.

Kingdom Holding noted that the total contract value is SAR 7.2 billion, adding that about SAR 1.1 billion has been paid as partial payment for the completed construction works, with an execution period of 42 months.

Al Maiman expects completion of Jeddah Tower in 2028.