Saudi Bauer Foundation Contractors has completed foundation construction for what will be the tallest building in the world, the Kingdom Tower in Jeddah, Saudi Arabia.
A Jeddah-based project to build the tallest tower in the world has been given the go-ahead after it received its final license, Chairman of Kingdom Holding Company (KHC) Prince Alwaleed bin Talal confirmed.
The US$1.2 billion (RM4 billion) project has been plagued by setbacks since it was first proposed in 2011, but above-ground work on the Jeddah super skyscraper will commence next month, Building reports.
The Saudi prince currently developing the world's tallest tower has invited the Dubai developer Emaar to help develop an even higher building - a mile high - in one of the world's largest cities.
Bauer has been appointed to construct the foundations for Saudi Arabia’s Kingdom Tower, which at 1,001m will be the first building in the world to be taller than 1km. The Kingdom Tower, which is being constructed by Saudi Binladin Group, will take the title of the world’s tallest building from the Burj Khalifa in Dubai.
Adrian Smith and Gordon Gill Architecture has unveiled plans for Imperial Tower, which would become Mumbai's tallest building and surely one of the world's most slender skyscrapers, should it come to be built.
The world’s tallest tower and Japan’s biggest new landmark, the Tokyo Skytree, opened to the public last Tuesday. It is only second to the world’s tallest structure, Dubai’s Burj Khalifa, which stands 828 metres. The Tokyo Skytree stands at 634m. These tall structures are classified under different categories – buildings or skyscrapers and towers, each required to meet a host of specifications to qualify.
Financing for the kilometre-high Kingdom Tower is complete, Talal Al Maiman, chief executive officer and managing director of Kingdom Real Estate Development Co., said in an interview in Shanghai on Friday. The Kingdom Tower in Jeddah will eclipse today’s highest skyscraper — the 828-metre Burj Khalifa in Dubai — when completed in 2018. The tower is expected to cost $1.2 billion to build, with construction expected to be concluded in about five- and-a-half years, the company has said.
Previously known as 'Mile-High Tower', the $1.23bn (SR4.6bn) will be the centrepiece and is the first phase of a $20bn (SR75bn) development known as Kingdom City, located along the Red Sea on the north side of Jeddah.
12Page 1 of 2