Jeddah Tower's Comeback: Is Saudi Arabia's Kilometer-High Skyscraper an Engineering Triumph or a $26 Billion Vanity Project?

In April 2026, construction crews topped out the 100th floor of Jeddah Tower on Saudi Arabia's Red Sea coast, a milestone in the race to complete what will be the world's first building to reach one kilometer in height, surpassing Dubai's Burj Khalifa. Designed by Adrian Smith, who also designed the Burj Khalifa, the planned 157-floor tower is being developed by Prince Al-Waleed bin Talal's Kingdom Holding Company. The project sat frozen for roughly seven years after 2018, when its original contractor Saudi Binladin Group lost its chairman and Prince Al-Waleed himself was detained during a Saudi anti-corruption purge; construction resumed only in January 2025, jumping from 63 to 100 floors within about 16 months. It now carries a price tag of roughly $26 billion with completion targeted for 2028, and will include a Four Seasons hotel, luxury apartments, offices, 56 elevators moving at 12 meters per second, and a 30-meter cantilevered observation balcony, ultimately housing an estimated 100,000 people. It's a flashpoint for debate because it embodies both a genuine structural engineering feat and the wider controversy swirling around Saudi Arabia's Vision 2030 giga-projects, which Human Rights Watch's December 2024 report and other investigations have linked to systemic migrant-worker abuses and debt-fueled spending.

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