Public Investment Fund Tower

Public Investment Fund Tower
برج صندوق الاستثمارات العامة
The Public Investment Fund Tower in 2024
Map
Interactive map of the Public Investment Fund Tower area
Former namesCapital Market Authority Tower
General information
StatusCompleted
TypeSupertall skyscraper
LocationRiyadh, King Abdullah Financial District, Saudi Arabia
Coordinates24°45′46″N 46°38′25″E / 24.7628°N 46.6403°E / 24.7628; 46.6403
Construction started2010
Topped-out2014
Completed2021
CostSAR3.7 billion (US$1 billion)
OwnerPublic Investment Fund
Height
Height385 m (1,263 ft)[1]
Technical details
Floor count80
Floor area182,137 m2 (1,960,510 sq ft)[2]
Lifts/elevators40
Design and construction
Architecture firm
Main contractorSaudi Binladin Group
Other information
Public transit accessMetro interchange  1   4   6  KAFD metro station

The Public Investment Fund Tower is a 385 m (1,263 ft) supertall skyscraper in Riyadh, Saudi Arabia.[3][4] Completed in 2021, the 80-story tower is the tallest building in Riyadh and the second-tallest in Saudi Arabia, surpassing the Burj Rafal. Designed by the architectural firms HOK and Omrania, it serves as the centerpiece of the King Abdullah Financial District.

The Tower is headquarters of the Public Investment Fund, the sovereign wealth fund of Saudi Arabia.

Overview

Construction of the PIF Tower began in 2010 and reached its full height in 2014, with final completion occurring in 2021. The tower is recognized as one of the most technologically advanced skyscrapers in the world and plays a central role in Riyadh’s emerging financial district.

The building is aiming for LEED Gold certification and includes an observation deck, a two-story atrium, and double-height sky lobbies. It features an innovative Twin elevator system with two cabs operating within a single shaft, as well as amenities such as a fitness center, swimming pool, and cafeteria.[5][6]

See also

References

  1. ^ "Public Investment Fund Tower". CTBUH Skyscraper Center.
  2. ^ "Capital Market Authority Tower | HOK". Archilovers. Retrieved 2021-08-12.
  3. ^ "PIF Tower". The Skyscraper Center. Council on Tall Buildings and Urban Habitat. Retrieved 2021-12-19.
  4. ^ "HOK's CMA tower nears completion in riyadh, saudi arabia". designboom. 2015-11-07. Retrieved 2025-12-19.
  5. ^ "Up-and-Coming Tall Buildings". www.architecturalrecord.com. Retrieved 2019-05-21.
  6. ^ CityLab, Emily Nonko (2017-07-13). "Can a Sideways Elevator Help Designers Build Taller Skyscrapers?". The Atlantic. Retrieved 2019-05-21.