Article

2011-08-02 Arabia

Saudi Arabia plans world's tallest tower

Saudi Arabia's Prince Alwaleed bin Talal's investment vehicle, Kingdom Holding, has announced that an associate company will partner with the country's Bin Laden Group to build a tower near Jeddah that would replace Dubai's 828m Burj Khalifa as the world's tallest building.

The associate company, Jeddah Economic Co, signed the SR4.6bn ($1.23bn) contract with the Bin Laden Group, a construction company, that will also own a 16.63 per cent stake in the company. Kingdom Co will hold 33.35 per cent.

Better they spend their money on big buildings than jihadi groups...

Posted by Beavis 2011-08-02 08:43|| || Front Page|| [11130 views ] Top

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