Saudi approves Kingdom Tower project

Kingdom_Tower_1The 161-storey Kingdom Tower, which will be the world's tallest building, has been approved by the Jeddah authorities.

Jeddah's Mayor Dr. Hani Abu Ras announced that the mayoralty issued a license for constructing the tower in North Obhur. He said that the Jeddah Economic Company has received the permit, reported the Saudi Gazette.

Over 1,000 meters high

The tower will be over 1,000 meters high and the project will cover an area of 5mn sqm. The work on the project is expected to begin soon and is projected to be completed in 63 months.

Contract for US$1.23 billion

Kingdom Holding Company (KHC) had earlier announced its signing of a contract with Jeddah Economic Company and Saudi Binladin Group to carry out the tower project at a cost of US$1.23 billion.

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