Announced by Saudi billionaire Prince Alwaleed bin Talal, signed Tuesday in Riyadh with other partners to hold the tower height exceeds a meter in Jeddah, western Saudi Arabia, stressing that "the economic feasibility of the project."
Alwaleed said in a press conference that "the start of the project will see the light soon after the signing of a contract worth 4.6 billion riyals (1.226 billion dollars)," noting that "the height will be more than a thousand meters."
"I hope that the Bin Laden Group, the implementation of the project within a period of 63 months," adding that construction work will begin soon.
He said in response to a question that "The project is subject to study for four years, and economic returns and rewarding. The shareholders approved it (...) it is impossible to be a loser if it is not profitable to accept bin Laden and other partners involved."
Prince Alwaleed said that "Saudi Arabia safe, despite what is going on north and south, east and west as it is witnessing an economic boom, not only because of oil prices (...) Valberg political message, not just financial content that we believe in our country despite all what is happening around us."
The tower is the first stage in the "city of the Kingdom," which will cost about 75 billion riyals (20 billion dollars) and is located north of Jeddah on an area of 5.3 million square meters overlooking the Red Sea and Gulf of sail.
It will be the construction process, "Jeddah Economic" and will include the Four Seasons hotel tower and serviced apartments, offices and apartments total area of 500 thousand square meters.
The Jeddah Economic distributed to the Kingdom Holding Company (33.35 percent) of the Prince Alwaleed and Abrar International Holding (33.35 percent) of liability to the family Bakhsh, while the remainder is distributed equally between the two sets of bin Laden, Abd al-Rahman Sherbatly.
The prince had announced its intention to build the highest tower in the world is far opening of the "Burj Dubai" in Dubai, the highest in the world so that a height of 828 meters.
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tags:
Jeddah Economi,doubi, saoudi arabi ,bourg al 3alm
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