Saudi Arabia to build world's tallest tower, reaching 1 kilometer

48.65% credibility
 
Related

The schoolboy, 16, who will live with a Russian porn star in a hotel for a month

Stuff
1960 points

New Alzheimer s treatment fully restores memory function

Stuff
646 points



Most recent

Thousands of scientists warn about the next mass extinction

You have to know
162 points

Messages that a man sends only if he is in love

Health at home
38 points

Researchers create a brain implant that increases memory

Technology news
122 points

Facundo Moyano dice que quiere ser presidente de la Nación

sinfiltro
22 points

Facts of the nervous system that you probably you didn't know

Health at home
24 points

Letter from a mother to her son about the marks of her pregnancy

Health at home
116 points

Guillermo Moreno admite que el Indec media mal la inflación

sinfiltro
22 points
SHARE
TWEET
Dubai, long champion of all things biggest, longest and most expensive, will soon have some competition from neighboring Saudi Arabia.

Saudi Arabia to build world's tallest tower, reaching 1 kilometer

Dubai's iconic Burj Khalifa, the world's tallest building, could be stripped of its Guinness title if Saudi Arabia succeeds in its plans to construct the even larger Jeddah Tower -- a prospect looking more likely as funds for the $1.23 billion project have been secured.

A Saudi government press release on Sunday said Jeddah Economic Company and Saudi Arabia's Alinma Investment had signed a financing deal for 8.4 billion Saudi riyals (or $2.2 billion) to build Jeddah City, including the sky-piercing tower.

The project is currently built up to the 26th floor, it added. The 3,280-feet (1 kilometer) skyscraper is scheduled for completion in 2020. The Burj Khalifa, by comparison, stands at a meeker 2,716 feet, or 827 meters.

"With this deal, we will reach new, as yet unheard of highs in real estate development, and will fulfill the company's objective of creating a world-class urban center that offers an advanced lifestyle, so that Jeddah may have a new iconic landmark that attracts people from all walks of society with comprehensive services and a multitude of uses," said Mounib Hammoud, Chief Executive Officer of Jeddah Economic Company.

Fuente: edition.cnn.com
SHARE
TWEET
To comment you must log in with your account or sign up!
Featured content