According to Reuters, construction costs in the Kingdom of Saudi Arabia have since dropped as much as 15 percent per square meter. While this isn’t a shock considering the height of the building, the complexity of its design, and its remarkable features, part of the reason for the price tag was due to high material costs and bans at the time. Designed by the Lebanese architecture firm Dar Al-Handasah, the Abraj Al-Bait Clock Tower cost $15 billion to build. The world’s third-tallest building also happens to be the most expensive building in the world, at least in terms of the cost of its onstruction.
In contrast, One World Trade Center, which isn’t as tall as the Abraj Al-Bait Clock Tower, took 11 years to build. This is record time for a building of its size. All of these buildings were constructed in the 21st century.Ĭonstruction of the Abraj Al-Bait Clock Tower was initiated in 2004 and completed within six years. Other buildings in the top 10 for height include the Lotte World Tower (South Korea), One World Trade Center (USA), and Guangzhou CTF Finance Center (China). The Abraj Al-Bait Clock Tower is a mere 7 feet taller than the Ping An Finance Center in China, which ranks fourth worldwide. The 120-storey Abraj Al-Bait Clock Tower, at 1,972 feet tall, is the third-largest building in the world behind the Burj Khalifa and China’s Shanghai Tower (2,073 feet tall). The 77-storey Capital Market Authority Headquarters in Riyadh is 1,263 feet tall, but the kingdom’s most spectacular and tallest structure is the Abraj Al-Bait Clock Tower in Mecca. Saudi Arabia, meanwhile, also boasts some of the world’s tallest buildings. Dubai is also home to Marina 101, a 1,422-feet-tall residential skyscraper, and the 1,358-feet-tall Princess Tower, both of which are among the 25 tallest buildings in the world. The Burj Khalifa in Dubai, for instance, extends 2,722 feet into the sky and is the tallest building in the world.
The Middle East, particularly Saudi Arabia and the United Arab Emirates (UAE), has a booming construction sector buoyed by some of the tallest and most impressive structures in the world.
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