Arab Today, arab today alwaleed tallest tower \needs guts to do\
Last Updated : GMT 06:26:33
Arab Today, arab today
Arab Today, arab today

Alwaleed: Tallest tower \'needs guts to do\'

Arab Today, arab today

Arab Today, arab today Alwaleed: Tallest tower \'needs guts to do\'

Riyadh - Arabstoday

Building the world’s tallest tower – with a height over 1km – needs “strength and guts to do”, Saudi Arabia’s Prince Alwaleed said Tuesday.Speaking to Arabian Business just hours after signing a $1.2bn deal to construct Kingdom Tower, the prince said: “These are the kind of projects l like to do – they are transformational and have an impact. These big projects need vision, strength and guts to do.” He added: “It is about testing yourself, always pushing yourself to the limit, not sitting back and accepting the status quo.”Once completed, Kingdom Tower will easily surpass Dubai’s Burj Khalifa, which is currently the world’s tallest building with a height of 828m.Binladin Group, one of the kingdom’s biggest contractors, has won the contract for the tower. Foundation drawings for the structure are complete and piling work for the tower currently being tendered.Asked whether he was concerned the project was being undertaken amid global economic uncertainty, Prince Alwaleed said:  “Why this project now?  And in the period when much of the world is still coming out of recession, people say ‘why now?’ Because we have confidence in our Saudi economy, and our market. I believe in the future strength of the region, particularly in Saudi Arabia and its leadership.”With a total construction area of more than 500,000 sq m, Kingdom Tower will be a mixed-use building featuring a Four Seasons hotel, Four Seasons serviced apartments, office space, luxury condominiums and an observatory expected to take the title of the world’s highest observation deck.The complex will contain 59 elevators, including 54 single-deck and five double-deck elevators, along with 12 escalators. Elevators serving the observatory will travel at a rate of 10 meters per second in both directions.Media reports earlier this year had suggested that the tower could be as large as 1,600m tall, making it twice as high as its nearest competitor.The Tower will be the centerpiece and the first construction phase of Kingdom City. The urban development by Jeddah Economic Company’s (JEC) spans more than 5.3 million sq m in the north of Jeddah, overlooking the Red Sea and Obhur Creek.The Binladin deal to build the tower was signed Tuesday by Jeddah Economic Company (JEC), one of Kingdom’s associate firms. The contractor also takes a 16.63 percent ownership of JEC.Kingdom Holding holds 33.35 percent of JEC, alongside Abrar International Holding (33.35 percent) and Abdurrahman Sharbatly (16.67 percent). from / Arabian Business News

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today alwaleed tallest tower \needs guts to do\ Arab Today, arab today alwaleed tallest tower \needs guts to do\

 



Arab Today, arab today
Arab Today, arab today Accessories designer reveals her new collection

GMT 18:57 2017 Tuesday ,21 March

Accessories designer reveals her new collection
Arab Today, arab today Laptop ban sparks ire

GMT 09:02 2017 Thursday ,23 March

Laptop ban sparks ire
Arab Today, arab today Sheds light on major steps in 12-year career

GMT 06:07 2017 Monday ,27 February

Sheds light on major steps in 12-year career
Arab Today, arab today Dozens dead in US-led Syria strikes

GMT 08:35 2017 Thursday ,23 March

Dozens dead in US-led Syria strikes
Arab Today, arab today AT&T, Verizon join Google ad boycott

GMT 10:30 2017 Thursday ,23 March

AT&T, Verizon join Google ad boycott
View News in Arabic - Business: عقارات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Yemeni official warns education is under threat

GMT 12:03 2017 Tuesday ,14 March

Yemeni official warns education is under threat
Arab Today, arab today MP submits a petition to dismiss university head

GMT 06:21 2017 Friday ,24 March

MP submits a petition to dismiss university head
Arab Today, arab today Salvage of South Korea's Sewol ferry

GMT 04:51 2017 Friday ,24 March

Salvage of South Korea's Sewol ferry
Arab Today, arab today Prepares to give stargazers an eyeful

GMT 13:38 2017 Monday ,06 March

Prepares to give stargazers an eyeful
Arab Today, arab today Audi RS 5 Coupe acquires new design

GMT 13:22 2017 Thursday ,23 March

Audi RS 5 Coupe acquires new design
Arab Today, arab today Renault Trezor wins design award

GMT 11:56 2017 Tuesday ,21 March

Renault Trezor wins design award
Arab Today, arab today Merna Waleed praises her work with Soad Hosni

GMT 07:03 2017 Wednesday ,22 March

Merna Waleed praises her work with Soad Hosni
Arab Today, arab today 2017 already marked

GMT 15:25 2017 Tuesday ,21 March

2017 already marked

GMT 07:12 2017 Tuesday ,21 March

Donia Abdel Aziz participates in "Game of Silence"

GMT 22:00 2017 Thursday ,23 March

Number of unwedded girls amounts to 2.5m

GMT 19:27 2017 Saturday ,11 March

Boualsof launches "Priestess Kahina" collection

GMT 10:34 2017 Tuesday ,21 March

Mexico threatens to ditch US corn imports

GMT 19:45 2017 Monday ,20 February

Sarah Belamesh designs antiques of "ceramic"

GMT 13:11 2017 Tuesday ,21 March

Web-based counseling lowers blood pressure

GMT 10:18 2017 Tuesday ,21 March

Kuwait's tourism industry to be worth

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons

GMT 22:39 2017 Thursday ,09 March

Zuhair Murad presents his new collection "Resorts"
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday