The estimated cost of the tower is expected to be $2 billion.
The oil-rich country of Azerbaijan is planning to steal the Kingdom Tower’s title of world’s tallest tower.
Developer Avesta Group says the Azerbaijan Tower will be 1,050m tall and have 189 floors. The project will be part of a larger mixed used development that will serve as the focal point of the Khazar Islands, a $100 billion city made up of 41 man-made islands on the Caspian Sea. Plans for the project also include shopping malls, university campuses and a race-track capable of supporting Formula One races.
The estimated cost of the tower is expected to be $2 billion with a completion date of 2019. With many GCC companies already supplying to the country it could also boost the region’s own construction industry.
CMME also understands that Kuwait is once again looking at building its own 1km-plus building. The project which was first announced in 2005 is currently undergoing viability studies.
When CMME recently approached AS+GG, the architect firm behind the Kingdom said that it was unable to share any more information on the project at the request of the ‘client”’
Could the world’s tallest tower be getting even taller?