British firm wins contract to manage construction of world's tallest building
Jeddah Economic Company (JEC) chaired by Prince Alwaleed Bin Talal, Chairman of Kingdom Holding Company (KHC), appointed a British company EC Harris Mace to provide project management services for the Kingdom Tower project in Jeddah world’s tallest tower which will be more than 1000 meters high with value of USD 1.2 billion. The contract value is USD 43 million and includes the management of all aspects of the project’s delivery with specific emphasis on the management of program and cost.
Prince Alwaleed was quoted in Saudi Gazette as saying: “This contract further confirms that the Jeddah project continues on its strategic path.”
Eng. Talal Al Maiman added: “The selection of the working team has been completed to realize the vision of the investors and the city of Jeddah for this world-class standard national project. Also, I would like to add that 80 percent of Jeddah Kingdom Tower piling works has been completed by Saudi Bauer Company and will be fully completed at the end of this year.”
In June 2013, Alwaleed visited JEC project site that will include the highest tower in the world. His visit came within the framework of supporting the planned work in progress, as His Highness observed the piling works being done by Saudi Bauer Company. He was briefed the on construction plans and phases. He commended the project team and urged everyone to continue the diligent work.
Also in June 2013, Alwaleed headed the 4th board of directors meeting of Jeddah Economic Company in Riyadh with the board members – Abdulrahman Hassan Sharbatly, Saleh Bin Laden, Samaual Bakhsh and Eng. Talal Almaiman.
In the meeting, Al Maiman, Executive Director Development and Domestic Investments, Chairman and CEO of Kingdom Real Estate Development Company (KRED), a board member of KHC and JEC, updated the board about the final agreement with the Four Seasons relating to operating the luxury designed hotel in the world’s tallest tower.
The board of JEC was briefed about the status of the project and presented them with the progress of the piling works being done by Saudi Bauer Company and Main contractor works Saudi Bin Laden Company. The board also reviewed Memoranda of Understanding relating to infrastructure and services for the project including electricity, water and district cooling.
Arch. Hassan Abdulrahman Sharbatly updated the board about the negotiation with the project management companies additional to the existing project engineers Dar Alhandasah.
The board also expressed satisfaction on how the project is progressing and the piling works taking place as the first stage of starting the tower works.
- The reality of realty: inbound property investments in GCC 'far less' than outbound
- Dubai's hospitality sector is a sound investment
- Quiet and wise: How Oman is transforming itself into a major logistics hub
- Revealed: the top real estate tycoons in the ME
- Why did no one invest in the Suez Canal during the Economic Summit?