Prince Alwaleed plans mile-high tower


June 20, 2013 | By RetailME Bureau

Saudi billionaire Prince Alwaleed Bin Talal is eying the world’s largest cities, including Shanghai, Moscow, London and New York, as possible locations to build a mile-high tower that would be the world’s tallest building.

Alwaleed, the founder and CEO of Saudi Arabia-based Kingdom Holding Company, is inviting Dubai-based Emaar Properties, the developer behind the Burj Khalifa, to partner with his investment firm Kingdom Holding on the project.

Alwaleed is currently discussing and evaluating the possibility of building a one-mile (1.6km) tower and is on the look out for good partners. He is likely to invite Emaar and its chairman Mohammed Alabbar to collaborate on the project.

Alwaleed is also inviting the major world cities like Shanghai, Moscow, New York, London as well as Middle Eastern cities make their offers.

If Alwaleed’s dream materialises, the mile-high tower would overtake the world’s current tallest tower, the 828 metre Burj Khalifa in Dubai, as well as the one-km-high Kingdom Tower now being built by Kingdom Holding in the Saudi Arabian city of Jeddah. The Kingdom Tower is expected to cost about $1.2 billion and will form part of a hotel, retail and luxury residential project.

Comments

comments

Previous Article Next Article

YOU MAY ALSO LIKE /



Jones the Grocer set to open its doors at Dubai’s newly launched 

Continue Reading

October 18, 2020 | By RetailME Bureau

Saudi-based operators of hypermarkets and supermarkets BinDawood Holding Company has completed the 

Continue Reading

October 16, 2020 | By RetailME Bureau

The regional food and grocery delivery app Talabat has announced the expansion 

Continue Reading

October 15, 2020 | By RetailME Bureau

Walmart is hiring 10,000 new employees in Canada for positions in stores 

Continue Reading

October 14, 2020 | By RetailME Bureau

British quality grocery retailer Waitrose & Partners launched its first e-commerce platform 

Continue Reading

October 11, 2020 | By RetailME Bureau

Saudi Arabia-based operator of hypermarkets and supermarkets BinDawood Holding has priced its 

Continue Reading

October 7, 2020 | By RetailME Bureau
Miguel Angel Povedano, chief commercial officer of Majid Al Futtaim – Retail

Majid Al Futtaim announces the launch of a customer insight platform, powered 

Continue Reading

October 7, 2020 | By RetailME Bureau
New Choithrams store opens at Emerald Court, Al Barsha

A new Choithrams store opens at Emerald Court, Al Barsha in Dubai 

Continue Reading

October 5, 2020 | By RetailME Bureau
Asda has new owners

Asda has new owners, as The Issa brothers and TDR Capital are 

Continue Reading

October 5, 2020 | By RetailME Bureau
Spinneys sees “dramatic changes” in shopping patterns

UAE-based supermarket chain Spinneys sees “dramatic changes” in shopping patterns since the 

Continue Reading

October 4, 2020 | By Rupkatha Bhowmick
Food Crowd is now delivering from farm to home

A new platform in the UAE, Food Crowd is now delivering from 

Continue Reading

October 1, 2020 | By RetailME Bureau
Eagle Hills Sharjah signs up Every Day Fresh Hypermarket

Eagle Hills Sharjah signs up Every Day Fresh Hypermarket to meet the 

Continue Reading

September 14, 2020 | By RetailME Bureau




Download Images RetailME Magazine