Public Investment Fund Tower | |
Former Names: | Capital Market Authority Tower |
Status: | complete |
Building Type: | Supertall skyscraper |
Cost: | $1 billion |
Owner: | Al Ra'idah Investment Company |
Location Town: | Riyadh |
Location Country: | Saudi Arabia |
Coordinates: | 24.7628°N 46.6403°W |
Start Date: | 2010 |
Completion Date: | 2021 |
Height: | 385m (1,263feet) |
Floor Count: | 72 (above ground) |
Floor Area: | [1] |
Elevator Count: | 40 |
The Public Investment Fund (PIF) Tower (previously known as Capital Market Authority Tower) is a 385m (1,263feet) skyscraper in Riyadh, Saudi Arabia.[2] Construction started in 2010 and was topped-out in 2014. The building was finally completed in 2021, making it the tallest building in Riyadh, surpassing Burj Rafal, and the second-tallest in Saudi Arabia. Designed by HOK and Omrania, the 76-story PIF Tower is one of the most high-tech skyscrapers in the world and the centerpiece of the King Abdullah Financial District.[3]
The tower is aiming for LEED Gold certification and will feature an observation deck, two-story atrium as well as double-height sky lobbies, an innovative Twin elevator system with two cabs traveling in a single shaft, and amenities including a fitness center, pool, and cafeteria.[4] [5]