Saudi Prince and Bin Laden Group to build world's tallest towers

[GHOST RIDER]

Just as the financial markets were beginning to crash in October 2008, Saudi billionaire Prince Alwaleed bin Talal announced he would build the world’s tallest tower, but then failed to move forward on the project. Today at a press conference in Riyadh, Alwaleed restarted activity on the skyscraper. He signed a $1.2 billion contract to begin building what will be called Kingdom Tower in Jeddah, Saudi Arabia — a building that will be taller than 3,280 feet (1,000 meters). The contractor for the project is Saudi Binladen Group, which is contributing $400 million toward completion of the tower.

“This project will provide sustainable profits to Kingdom Holding shareholders,” Alwaleed said in a statement. Kingdom Holding, Alwaleed’s Saudi-listed investment vehicle, has several partners in the project, including the Bin Laden Group and several Saudi businessmen.

Kingdom Tower is to become the centerpiece of a 17.4 million square foot (5.3 mln sq meters) development overlooking the Red Sea north of Jeddah called Kingdom City. Alwaleed created an entity called Jeddah Economic Company in 2009 to develop Kingdom City.

Kingdom Tower will host a Four Seasons hotel, Four Seasons-serviced apartments, office space, luxury condominiums and an observatory that Alwaleed says will be higher than the world’s current highest observation deck.

Alwaleed was involved in building another Kingdom Tower in Riyadh, where his Kingdom Holding Co. offices are headquartered. Kingdom Tower Riyadh is a striking building that also contains a Four Seasons Hotel, office space and an observatory.

Alwaleed has a net worth estimated by Forbes at $19.6 billion. He is a co-owner with Bill Gates of the Four Seasons Hotel management company. Alwaleed, a diversified global investor, owns stakes through Kingdom Holding in Citigroup, News Corp., Apple and the Fairmont hotel management company, among other investments.

Saudi Prince Alwaleed To Build World’s Tallest Tower With Binladen Group - Kerry A. Dolan - Shades of Green - Forbes

 

[GHOST RIDER]

Comparison with other buildings

 

[Mosamania]

Even though this is not something to be proud of in this day and age but all rising economies of the world did that at some point. Dubai when its economy was going strong. Malaysia when its economy was in a boom.

Shanghai did this too when China was rising as a global economy. The US did this with its world trade centers. And now I guess it is our turn.

And now let the "people starving" and "they should help poor muslim countries those despicable Arabs" and "Those rich spoiled princes" discussions begin, Enjoy.

 

[harpoon]

And now let the "people starving" and "they should help poor muslim countries those despicable Arabs" and "Those rich spoiled princes" discussions begin, Enjoy.

Congratulations!! You have every right to build whatever you want in your country.Afterall its your money.

@Topic: Will the residents of top most floors get altitude sickness as the oxygen content at 1 km height will be less than the oxygen level at sea level.

 

[SpArK]

Comparison with other buildings

5 out 6 in Asia.. Asians do like heights.

 

[LetsGetRowdy]

5 out 6 in Asia.. Asians do like heights.

Saudi Arabians are as Asian as French and Italians.

 

[sur]

Sahih al-Bukhari, 1:2:47

One day while the Prophet was sitting in the company of some people, (The angel) Gabriel came and asked, “What is faith?” Allah’s Apostle replied, ‘Faith is to believe in Allah, His angels, (the) meeting with Him, His Apostles, and to believe in Resurrection.” Then he further asked, “What is Islam?” Allah’s Apostle replied, “To worship Allah Alone and none else, to offer prayers perfectly to pay the compulsory charity (Zakat) and to observe fasts during the month of Ramadan.” Then he further asked, “What is Ihsan (perfection)?” Allah’s Apostle replied, “To worship Allah as if you see Him, and if you cannot achieve this state of devotion then you must consider that He is looking at you.” Then he further asked, “When will the Hour be established?” Allah’s Apostle replied, “The answerer has no better knowledge than the questioner. But I will inform you about its portents.
1. When a slave (lady) gives birth to her master.
2. When the shepherds of black camels start boasting and competing with others in the construction of tall buildings. And the Hour is one of five things which nobody knows except Allah.
The Prophet then recited: “Verily, with Allah (Alone) is the knowledge of the Hour–.” (31. 34) Then that angel (Gabriel) left and the Prophet asked his companions to call him back, but they could not see him. Then the Prophet said, “That was Gabriel who came to teach the people their religion.” Abu ‘Abdullah said: He (the Prophet) considered all that as a part of faith.

 

[gambit]

Saudi Arabians are as Asian as French and Italians.

Do not say such nonsense. It may be technically accurate but do not say it nevertheless. I have been to SA. The Arabs consider us Asians little better than domesticated animals.

 

[TOPGUN]

Lol i don't seem to understand what are the arabs gone do with such tall buildings i mean really its just too show off to the world be put in the record books untill some other nations build a taller building then it will be back to square one again its what you call dumb with money.

 

[AgNoStiC MuSliM]

Are they naming it the 'Bin Laden Complex'?

 

[GHOST RIDER]

Are they naming it the 'Bin Laden Complex'?

Kingdom Tower

 

[harpoon]

Lol i don't seem to understand what are the arabs gone do with such tall buildings i mean really its just too show off to the world be put in the record books untill some other nations build a taller building then it will be back to square one again its what you call dumb with money.

The main purpose of building record breaking tall buildings is to show off the country's economic prowess. America tried it first in 1930s followed by other countries.KSA is also following this tradition.

 

[Naifov]

Alwaleed bin Talal

though I hate this guy's guts, I truly admire his steps to improve the country's economy
good luck

dumb with money

yeah yeah the Arabs are the dumbest people of this planet

 

[rameez ahmed]

Very true that we are living in that age..

Many other events that are stated in the Qur'an and Hadiths are being unfolded. I would recommend the Muslims on this forum to please study the Hadiths of Holy Prophet (SA) regarding the End Times and the Era of Tests and Trial (The Era of Fitan) ... The events are unfolding very fast and we are moving very fast towards the Arrival of Imam Al Mahdi, Hazrat Isa/Jesus (AS) and The False Messiah (Dajjal)...

 

[Shabz Nist]

^ Get a life......