Saudi based Al-Fouzan General Contracting Co. was awarded the $165mn contract by Jeddah Economic Co., the consortium behind the project, according to local media, to start work on the infrastructure.
The work on the tower, which spans an area of over 5.3mn sqm, is to be finished within 12 months.
Once complete, there will be 439 apartments, 200 hotel rooms, 59 elevators and 2,205 parking spaces in the development.
No new dateline of completion was provided by the company.
Initially planned to be to be constructed by 2020 at a cost of $1.2bn, the Jeddah tower is expected to break a series of world records.
At over 1km long, the tower is projected to be the tallest building, with the highest occupied floor, the highest architectural top, the highest tip and the highest sky terrace in the world.
“The works are going according to the set timeframe and soon, plots of land will be available and ready for development by local and international investors with all support services and utilities that includes: state-of-the-art infrastructure, district cooling, gas networks, streets furnishing and finishing, generous public open spaces, gardens and other elements of an environmentally friendly smart city,” CEO of JEC, Mounib Hammoud said in a statement.
“Jeddah Economic City Project will anchor the growth of Jeddah and will offer thousands of job opportunities for young Saudis in various fields.”