Tallest tower of the World to come up at Jeddah

                       The 1,000 meter and world’s tallest tower costing about approximately Rs 6,330 crore will be constructed in the Saudi Arabian city of Jeddah. This announcement has been made recently. Eventually the whole world is looking forward to this project.

                 Chairman of Kingdom Holding Company (KHC), Prince Alwaleed bin Talal bin Abdulaziz Alsaud, said the tower is expected to be completed in only 63 months at a cost of 4.6 billion riyals. So now it is confirmed that another feather is going to add in the Saudi Arab’s crown.

                  The Saudi Arabia based KHC is one of the world’s largest and also most diversified private investment companies with holdings in a large number of Saudi Arabian, Middle Eastern and International companies.

                    Prince Alwaleed bin Talal bin Abdulaziz Alsaud announced investment of Rs 2,065 crore (1.5 billion Saudi riyals) from the Saudi Bin Laden Group (SBG) for a 16.63 percent stake in Jeddah Economic Company (JEC) owner of the Jeddah mega project that also includes the most awaited world’s tallest tower “Kingdom Tower”.