Will Jeddah Tower really surpass the Burj Khalifa?

Reports show Jeddah Tower has crossed 80 floors and is targeting completion in 2028, which would position it to overtake the current tallest. Final height and schedule depend on execution, funding, and procurement. Investors should treat the target as credible but continue to monitor official updates and tender activity.

How could this affect GCC construction demand?

A steady push on Jeddah Tower can lift multi-year demand for cement, rebar, aluminum, glass, and MEP systems. It also pulls in engineering, logistics, and installation services. The effect would likely layer onto wider Saudi megaprojects, improving visibility for suppliers as milestones trigger phased procurement packages.

Which sectors in Germany might benefit most?

Building materials, industrial machinery, engineering services, and specialty chemicals are the clearest. Exporters of cranes, elevators, HVAC, and facade systems can also see opportunities. Focus on firms with Middle East references, strong after-sales support, and disciplined cash conversion, as these traits often win complex tower and infrastructure work.

What are the main risks for investors to consider?

Key risks include schedule slippage, design changes, and shifting funding priorities. Supply chain constraints or higher energy and freight costs can also erode margins. Diversification, careful position sizing, and tracking order intake versus backlog burn help manage downside if the 2028 target or procurement cadence changes.

Global Market Insights

January 12: Jeddah Tower to Surpass Burj Khalifa Puts GCC Builds in Focus

ByDanny Kontos January 12, 2026January 12, 2026

Jeddah Tower has crossed 80 floors and targets 2028 completion, setting up a challenge to the Burj Khalifa. For German investors, the signal is clear: Saudi megaprojects are back and could fuel multi‑year construction demand across the GCC. That means potential orders for materials, engineering, and equipment suppliers that export from Europe. We map the likely demand hotspots, the sectors to watch in Germany, and the risks to track as timelines firm and budgets move.