Garuda Subsidiary Signs MoU for 93-Storey Tower Project in Jeddah, Saudi Arabia
Garuda Construction's subsidiary, Dream City Builders, has signed a Memorandum of Understanding with Almasarat Company to construct a 93-storey twisting tower in Jeddah, Saudi Arabia. The project includes a five-star hotel with about 350 rooms on the lower 14 floors and a diamond-shaped rooftop restaurant on the 93rd floor. Spanning 153,451 square meters, the project is expected to generate Rs 1,800 crore in revenue over five years, with Dream City Builders handling the full engineering, procurement, and construction scope.
First-hand measurement across 2 sources
We measured how 2 outlets covered this story. No outlet gave this story a measurable political slant — there is no left–right reading to report. Overall sentiment is positive (65/100). Lens Score 40/100.
Outlets measured: businessstandard, businessstandard. See how each one headlined and framed the same story in the source comparison below.
AI Analysis
Sentiment was consistent across outlets (55–75/100), indicating broadly factual reporting rather than editorialising.
Coverage timeline
businessstandard broke this story on 7 Sept, 12:27 pm. Other outlets followed.
- 1businessstandard7 Sept, 12:27 pmGaruda signs MoU for 93-storey landmark tower in Jeddah, KSA
- 2businessstandard8 Sept, 07:53 amGaruda Construction hits the roof after bagging tower construction project in Saudi Arabia
Who's involved
Institutions and figures named across source coverage.
Story context
- Category
- Business
- Location
- Jeddah, Saudi Arabia
- Sources analysed
- 2
- Last analysed
- 8 Sept 2026
- Key entities
- GarudaSaudi ArabiaIndian rupeeJeddahEngineering, procurement, and constructionSubsidiaryMemorandum of understandingHotel ratingCroreBSE SENSEXMishra Dhatu NigamNet income