Announced

Rise Tower

Rise Tower is a proposed two-kilometre-tall skyscraper in north Riyadh, designed by Foster + Partners for Saudi Arabia's Public Investment Fund and set to stand roughly twice the height of the Burj Khalifa, the current world record holder at 828 metres.

TMW IntelligenceVerified Oct 14, 2026
AnnouncedBreaking GroundConstructionOpening SoonNow Open
678
Floors
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Details

678 floors.

The story so far
PIF opens bidding for the project-management role Mar 2025Saudi Arabia's Public Investment Fund invited international contractors to tender on the roughly $5 billion Rise Tower, drawing interest from Aecom, Bechtel, Jacobs, Parsons, Turner and Mace
globalconstructionreview.com
PMC bids received Jun 2025PIF received project-management consultancy offers covering the 2km tower and the surrounding Project Rise central business district (MEED)
guest.meed.com
Contractors sounded out 2026PIF subsidiary Tower District Real Estate Development Company began market-sounding with Aecom, Jacobs, Parsons, Turner, Mace and leading Saudi contractors for the roughly $5 billion 2km tower, ahead of formal construction tenders (MEED)
guest.meed.com
Contractors sounded for 2km tower Oct 2026PIF subsidiary Tower District Real Estate Development Company has begun a market-sounding exercise with international and local contractors ahead of a construction award; cost estimated around $5bn.
guest.meed.com
Announced Late 2022Foster + Partners wins the design competition for the 2km-tall, 678-storey Rise Tower north of Riyadh, the centrepiece of an 18-square-kilometre PIF masterplan near King Khalid International Airport
globalconstructionreview.com
Expected opening date TBD
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The outlook for Rise Tower

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The Riyadh market 99 · Saturated supplyNorth Pole 26-project pipeline · 117,710 residences and keys · peak Late ’27 Explore the market →
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About the project

Rise Tower is a proposed two-kilometre-tall skyscraper in north Riyadh, designed by Foster + Partners for Saudi Arabia's Public Investment Fund and set to stand roughly twice the height of the Burj Khalifa, the current world record holder at 828 metres. Planned at some 678 floors and carrying an estimated five-billion-dollar price tag, it is conceived as the centrepiece of the North Pole masterplan, a new district spanning roughly 306 square kilometres in the northern reaches of the capital. The tower is intended as a vertical destination rather than a single-use high-rise, stacking hospitality, workplace, observation and leisure levels through a structure that would push the engineering of tall buildings into genuinely untested territory, requiring new answers on lift strategy, wind behaviour and structural systems at a height no building has approached. PIF has opened bidding for the project-management role, the first formal procurement step on a scheme that would redraw the global skyline.

Developer & design
Common questions

Frequently asked

Where is Rise Tower located?

Rise Tower is located in Riyadh.

When will Rise Tower be built?

Rise Tower is an announced development that has not yet started construction.

Who is developing Rise Tower?

Public Investment Fund is the developer behind Rise Tower.

Who designed Rise Tower?

Rise Tower was designed by Foster + Partners.

How big is Rise Tower?

Rise Tower rises 678 stories.