News / International
Osama bin Laden's family company to build a 1km tall tower in Saudi Arabia
02 Aug 2011 at 19:37hrs | Views
Riyadh - Kingdom Holding Co, the investment firm headed by the billionaire Prince Alwaleed bin Talal, said it has signed a $1.2 billion deal with the Binladen Group to build the 1,000-metre Kingdom Tower,the world's tallest tower, on the outskirts of the Red Sea city of Jeddah. The Saudi construction group is owned by the family of Osama bin Laden, which disowned the former al-Qaida leader years before the 9/11 attacks.
The proposed skyscraper would break the record of Dubai's 828-metre Burj Khalifa, which opened in January 2010 as the world's tallest building with 160 livable floors and a boutique Armani hotel.
Kingdom Holding Co said on Tuesday the Kingdom Tower, to be built in the Red Sea city of Jiddah, is part of the first phase of Kingdom City.
Kingdom Tower, designed by Chicago-based Adrian Smith + Gordon Gill Architecture, is the first phase of the planned Kingdom City, the urban development first announced in 2008 as the financial crisis squeezed world markets and is slated to cover a 8.6km².
Kingdom Tower is to be over 1 000m tall. It will include a hotel, serviced apartments, luxury condominiums and offices, occupying roughly 1.6 million m².
The deal was signed between Jeddah Economic Co, a KHC affiliate, and the Binladen Group, a construction giant that will also take a 16.6% stake in JEC.
The proposed skyscraper would break the record of Dubai's 828-metre Burj Khalifa, which opened in January 2010 as the world's tallest building with 160 livable floors and a boutique Armani hotel.
Kingdom Holding Co said on Tuesday the Kingdom Tower, to be built in the Red Sea city of Jiddah, is part of the first phase of Kingdom City.
Kingdom Tower, designed by Chicago-based Adrian Smith + Gordon Gill Architecture, is the first phase of the planned Kingdom City, the urban development first announced in 2008 as the financial crisis squeezed world markets and is slated to cover a 8.6km².
Kingdom Tower is to be over 1 000m tall. It will include a hotel, serviced apartments, luxury condominiums and offices, occupying roughly 1.6 million m².
The deal was signed between Jeddah Economic Co, a KHC affiliate, and the Binladen Group, a construction giant that will also take a 16.6% stake in JEC.
Source - Sapa
