Saudi prince to build world's tallest tower

 


Saudi Prince - Alwaleed bin Talal says he is investigating locations to build a tower higher than 1,600 m. This will be the world's tallest tower when completed.


    He also invited the largest real estate companies Dubai - Emaar Properties cooperation with his Kingdom Holding implement this project. Alwaleed told Reuters: "We are discussing and evaluating the feasibility of the tower. Therefore, Kingdom Holding to trusted partners. Emaar I was invited to join and take a look at how to build This works in the world ".


    Alwaleed did not give details of capital projects will get bumped or completed on time. Even costs have not been estimated. This ambition is reflected billionaire confidence Gulf companies to expand overseas operations, due to regional economic boom and soaring property prices.

    
                           
 

   Tower Kingdom Tower is being built to a height of nearly 1,000 meters. Photo: Arabian Business

    

    "I was invited to the big cities like Shanghai, Moscow, New York, London and several locations in the Middle East commented," Alwaleed said. According to him, the countries agreed to build this tower will have funding policies, appropriate extension of tax and other support from the government.


    According to experts in the field of construction, the construction of more than 1,600 m high tower requires expertise and high design, such as how to get water to a height such that inexpensive. But they also rated it not so impossible.


    If it is started, it will be the world's tallest tower, surpassing the current tallest tower Burj Khalifa in Dubai (828 m) Kingdom Tower and Kingdom Holding is being built in Jeddah (Saudi Arabia) with 966 m. The investment cost of about U.S. $ 1.22 billion, Kingdom Tower is scheduled for completion in 2017.


    Alwaleed bin Talal Abdulaziz Al-Saud was born in 1955 and she Abdel Aziz, the Saudi monarch. He is currently Chairman of Kingdom Holdings, a major shareholder of Citigroup, Apple and News Corp. Middle East's richest billionaires has also sued Forbes magazine this assessment of his assets is $ 20 billion. While he claimed to have $ 29.6 billion.