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.
Guinness World Records has officially recognized TAMEER's Princess Tower as the world's tallest residential building, towering over the Dubai Marina skyline at 414m from base to tip.
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.
Prince Alwaleed bin Talal, chairman of Kingdom Holding Company ( KHC ), headed the fifth board of directors meeting of Jeddah Economic Company (JEC) in Riyadh with the board members.
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.
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.
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.
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