Official announcement for building the worlds highest tower in KSA

It’s really amazing to see KSA announcing multibillion dollar projects in the middle of a world financial crisis. The Kingdom holding company owned by Waleed Bin Talal has officially got the license for building the worlds highest tower “The Kingdom tower”. The project will take 63 months to build. It is a mixed used tower for a hotel, apartments and offices. The tower is the first phase of building the Kingdom city which is located near Jeddah with a size of 5.3 million square meters. The Jeddah economic company signed the contract for building the Kingdom tower in late 2011 with Bin Laden Group for 4.6 billion SR. As they have also signed a partnership agreement to have Bin Laden group own 16.63% from the shares of Jeddah economic company.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s