Riyadh: The investment company headed by Saudi
billionaire Prince Alwaleed bin Talal says it plans to
complete the world`s tallest tower in just over five years
The Kingdom Holding Co. did not say today when work would
begin on the Kingdom Tower.
The USD 1.2 billion tower will be roughly two-thirds of a
mile (1 kilometer) high. It is part of a USD 20 billion mega
project on the outskirts of the Red Sea city of Jeddah.
The tower will be built by the Saudi Binladen Group
construction conglomerate. It will cost USD 400 million and
feature a Four Seasons hotel, luxury condominiums and offices
that encompass around 5.4 million square feet.
Currently, Burj Khalifa in Dubai is the world`s tallest
tower at 2,717 feet (828 meters).