JEC’s ownership structure consists of Kingdom Holding Company with a 40 per cent stake, Bakhsh Group holding another 40 per cent, and Sharbatly Group having a 20 per cent share. The architectural design is overseen by the US-based firm Adrian Smith and Gordon Gill, while Lebanon’s Dar al-Handasah (Shair & Partners) serves as the engineering consultant. Germany’s Bauer has concluded the piling work for the tower. The initial phase saw approximately one-third of the superstructure complete. The foundational and piling work for this groundbreaking tower is already complete, as per reports.Ĭonstruction commenced in the early 2010s with the Saudi Binladin Group (SBG) serving as the initial contractor for the superstructure. Current state of built structureīefore initiating the tender process, JEC commissioned an independent assessment of the tower’s current state. Kingdom Holding Company’s CEO, Talal Ibrahim Almaiman, has officially confirmed the issuance of the tender, reported MEED. The developer has initiated the process by inviting contractors to submit bids for completing this record-breaking structure.
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