Built to inform

Sign up for the daily newsletters

No, Thank you

World's tallest building's piling works complete

Kingdom Tower milestone announced as new CEO of developer is unveiled

Kingdom Tower in Jeddah is set to become the world's tallest building at over 1,000m-high.
Kingdom Tower in Jeddah is set to become the world's tallest building at over 1,000m-high.

Piling works at Kingdom Tower in Jeddah, which is set to become the tallest building in the world, are now complete.

The announcement was made in conjunction with the unveiling of Mounib Hammoud as the new chief executive officer (CEO) of the project’s developer, Jeddah Economic Company (JEC).

Talal Al-Maiman, executive director development and domestic investments of JEC parent company Kingdom Holding Company (KHC), chairman and CEO of Kingdom Real Estate Development Company (KRED), a board member of KHC and a board member of JEC, announced the appointment of the new CEO.

Hammoud’s primary task in his new role is to develop an integrated modern city featuring the 1,000m-high Kingdom Tower, according to a statement.

The new CEO has more than 20 years of experience in urban planning and real estate development in the MENA region.

Hammoud has also held various executive positions at Solidere and Solidere International where he played a pivotal role in their success.

“Hammoud joins us at an important stage of the project where we trust that he will lead this stage and continue the journey in line with the vision of Prince Alwaleed and our partners in JEC,” said Almaiman.

”JEC will enter a new and thriving era and it will play a pre-eminent role in developing the real estate sector in Saudi Arabia and, more specifically, in Jeddah,” he added.

Most popular

Awards

Deadline approaches for CW Oman Awards 2020 in Muscat
You have until 20 January to submit your nominations for the ninth edition of the

Conferences

CW In Focus | Inside the Leaders in KSA Awards 2019 in Riyadh
Meet the winners in all 10 categories and learn more about Vision 2030 in this
CW In Focus | Leaders in Construction Summit UAE 2019
A roundup of Construction Week's annual summit that was held in Dubai this September

Latest Issue

Construction Week - Issue 761
Mar 21, 2020