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 /



“It sounds like this, Luh Pan Koh-ti-dyan and means ‘the daily bread’, 

Continue Reading

December 6, 2021 | By Zubina Ahmed

The long weekend might be over but the Etisalat Beach Canteen 2021 

Continue Reading

December 5, 2021 | By RetailME Bureau

UAE gears up to celebrate this year’s National Day celebrations in the 

Continue Reading

November 28, 2021 | By Zubina Ahmed

UAE-based Etisalat Group has signed an agreement with elGrocer, a leading online 

Continue Reading

November 18, 2021 | By RetailME Bureau

Amazon.ae announced that the 11.11 sale is back once again this year 

Continue Reading

November 8, 2021 | By RetailME Bureau

Abu Dhabi Cooperative Society’s COOP City store is now open in Lake 

Continue Reading

November 3, 2021 | By RetailME Bureau

Union Coop, a consumer cooperative in the UAE, revealed that 78% of 

Continue Reading

August 24, 2021 | By Jibran Chouguley

Union Coop has opened its 23rd branch within the UAE in Jumeirah 

Continue Reading

August 2, 2021 | By Jibran Chouguley

Nando’s has revealed their revamped Sheikh Zayed Road outlet where newcomers and 

Continue Reading

July 8, 2021 | By Jibran Chouguley

UAE-based Al Maya Group announced that it will be boosting import of 

Continue Reading

June 24, 2021 | By RetailME Bureau

UAE-based grocery retail chain, Grandiose has opened its first hypermarket in Abu 

Continue Reading

June 2, 2021 | By RetailME Bureau

UAE-based Carrefour announced its theme and plans for Ramadan 2021. The brand 

Continue Reading

March 31, 2021 | By RetailME Bureau




Download Images RetailME Magazine