A close-door 'design competition' with selected global construction companies is underway.
"Contractors that have priced megatall towers in the region say that depending on the final design, a 2km-tall structure could cost about $5bn to construct," said the report.
The feasibility assessment for the development was carried out by EY, a global consultant, which falls under the masterplan of the Kingdom, stated the report.A master proposal for an airport expansion was unveiled on November 28. Other buildings, like the two hotel towers for the Gas Station Hotel near the Gulf of Aqaba, are anticipated to reach a height of 500 meters.
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