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The Kingdom Tower will be the centerpiece and the first construction phase of Kingdom City Jeddah, a new urban development of more than 5.3 million sq m of land in the north of Jeddah, overlooking the Red Sea and Obhur Creek, as Arab News stated.
Chairman of Kingdom Holding Company (KHC), Prince Alwaleed bin Talal has said that the company’s Kingdom Tower, which set to become the world’s tallest building, is to be completed in 63 months.
He added that Saudi Binladin Group (SBG) has bought a 16.63% stake in the project for SR1.5bn.
The Kingdom Tower will be the centerpiece and the first construction phase of Kingdom City Jeddah, a new urban development of more than 5.3 million sq m of land in the north of Jeddah, overlooking the Red Sea and Obhur Creek, as Arab News stated.
