RR Phantom
Location : Wasted Space Job/hobbies : Cayman Islands Actuary
| Subject: Saudi billionaire to build world's tallest tower Thu Aug 04, 2011 5:46 am | |
| Saudi billionaire Prince Alwaleed bin Talal has unveiled plans to build the world's tallest tower in the Red Sea port city of Jeddah, signing a 4.6 billion riyal (NZ$1.42b) contract with Bin Laden Group.
The proposed tower, which will rise more than 1000 metres and take just over five years to complete, is the centrepiece of the planned Kingdom City development being built outside Jeddah by Prince Alwaleed's Kingdom Holding.
"Building this tower in Jeddah sends a financial and economic message that should not be ignored," Prince Alwaleed told reporters.
"It has a political depth to it to tell the world that we Saudis invest in our country despite what is happening around us from events, turmoil and revolutions even."
When completed, the tower would replace Dubai's 828-metre Burj Khalifa as the tallest tower in the world. The Burj Khalifa was built by Emaar Properties for a total cost of NZ$1.73b.
http://www.stuff.co.nz/oddstuff/5381191/Saudi-billionaire-to-build-worlds-tallest-tower |
|
CovOps
Location : Ether-Sphere Job/hobbies : Irrationality Exterminator Humor : Über Serious
| Subject: Re: Saudi billionaire to build world's tallest tower Thu Aug 04, 2011 5:55 am | |
| - Quote :
- contract with Bin Laden Group.
|
|