Tuwaiq Heritage Tower, one of the most watched projects under construction in Riyadh, is owned by the Al Muhaidib Group. The project was announced via the group's official X account, and multiple sources on the platform attribute the project to businessman Ibrahim Al Muhaidib as its driving force.
This guide lays out what is officially known about the tower's ownership, clearly separating what the group has announced from what has been circulated on social platforms — consistent with our standard of publishing only verifiable content.
The tower's profile page
| # | Tower | Height | Completed | Status |
|---|---|---|---|---|
| 1 | Tuwaiq Heritage Tower | 305 m | 2027 | Under construction |
Al Muhaidib Group: the officially announced owner
The Al Muhaidib Group is one of the oldest family business groups in Saudi Arabia, active across food, industry and real-estate investment. The group announced Tuwaiq Heritage Tower via its official X account as one of its flagship Riyadh real-estate projects.
That official announcement is the strongest source available today for the tower's ownership — any claim not backed by the group's official account should be treated with caution.
Ibrahim Al Muhaidib: the most prominent face behind the project
A large volume of posts on X attribute the project to businessman Ibrahim Al Muhaidib, one of the most prominent figures within the group. The group's official account has not published a detailed breakdown of individual roles specific to this project, so on our pages we distinguish between institutional ownership (Al Muhaidib Group) and popular attribution (Ibrahim Al Muhaidib).
If a later official announcement clarifies a different role for any individual, we will update this guide and the tower's main page as soon as it is published.
Frequently asked questions
Which company owns Tuwaiq Heritage Tower?
The Al Muhaidib Group, as announced by the group's official X account.
Is Ibrahim Al Muhaidib the owner of the tower?
A number of X posts attribute the project to businessman Ibrahim Al Muhaidib, but the institutional ownership of the project belongs to the Al Muhaidib Group.
What is the Al Muhaidib Group?
One of the oldest family business groups in Saudi Arabia, active across food, industry and real-estate investment.