HRH Prince Alwaleed Bin Talal Bin Abdulaziz Al Saud, chairman of Kingdom Holding Company (KHC) and board member of the Jeddah Economic Company (JEC), visited Kingdom Tower and The Kingdom City in Obhor, north of Jeddah, on Tuesday, to view work in progress on the project of World’s tallest tower to hit 6th floor by year end.
At a press conference, an overview was given as well as an update on the works already completed.
Prince Alwaleed said: “World’s tallest Tower construction work picking up pace and plans to reach 6th floor by end of 2014.” it is made
Eng. Talal Ibrahim Al Maiman, executive director development and domestic investments, chairman and CEO of Kingdom Real Estate Development Company (KRED), and a board member of Kingdom Holding Company, revealed that work on the Kingdom Tower project, which will be the highest in the world at more than 1,000 meters and is being built on an area of 85,000m2 at a total cost of $1.2bn, is moving at an accelerated pace. Construction of the world’s tallest tower will complete by end of 2016.
The masterplan of the Kingdom City and Kingdom Tower project is designed as a city on an area of land of 5,3oo,000 m2 supported by an advanced and comprehensive infrastructure.
The first phase, which is currently under development, consists of 1.5mn m2 which comprises 3.3mn m2 of modern multi-purpose buildings.
The Kingdom Tower features 170 stories, seven stories of which will be allocated for the five-star Four Seasons Hotel offering 200 rooms and 121 luxury serviced apartments, and seven stories for offices.
The tower will also have 61 stories encompassing 318 housing units of various types, along with amenities that include gyms, spas, cafes and restaurants, two sky lobbies and the world’s highest observation decks, located on the 644m-height.