Who is funding the Jeddah Tower?
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Who is funding the Jeddah Tower?
King & Spalding advises Alinma Investment Company and Jeddah Economic Company (JEC) on the creation of a Shari’ah-compliant SAR8. 4 billion (US$2.23 billion) fund that will finance the completion of Jeddah Tower, which will be the world’s tallest tower, at over a kilometre high.
Will Jeddah Tower ever finish?
The Jeddah Tower in Saudi Arabia, the 3,280-feet-tall (1,000-meters-tall) is expected to open in 2020, it will knock Dubai’s iconic Burj Khalifa off its throne as the tallest skyscraper in the world by 236 feet (72 meters).
How many floors are there in Jeddah Tower?
A global landmark Boasting a gross floor area of 2.6 million square feet (243,866 square meters) over 252 stories, the tower will also feature the world’s highest observation deck at 2,178 feet (664 meters) off the ground, with a 5,382 square feet (500 square meter) outdoor platform.
How much money was the Jeddah tower?
| Jeddah Tower | |
|---|---|
| Cost | SR4.45 billion (US$1.23 billion) (preliminary) |
| Owner | Jeddah Economic Company; Kingdom Real Estate Development |
| Management | CBRE Group |
| Height |
Has the Jeddah tower been built?
April 1, 2013
Kingdom Tower/Construction started
Why did Jeddah tower stop?
There was steady progress, but in January 2018, building owner JEC halted structural concrete work with the tower about one-third completed due to labor issues with a contractor following the 2017–19 Saudi Arabian purge.
What is bigger than Jeddah tower?
With a structure that evokes a bundle of leaves shooting up from the ground, the Kingdom Jeddah Tower will surpass by nearly 200 metres the Burj Khalifa, which has held the title as the world’s tallest free-standing structure since it opened in Dubai in 2010.
What does Mohamed Alabbar own?
Emaar Properties
He is best known as the founder of Emaar Properties, the developer of assets such as the Burj Khalifa and the Dubai Mall, as well as the chairman of Eagle Hills, the Abu Dhabi-based private investment and real estate development company.
Who is Emaar owner?
Mohamed Alabbar
A global entrepreneur with active interests in high-value property development, retail, luxury hospitality, mining and commodities, Mohamed Alabbar is the founder and chairman of Emaar Properties PJSC.
Where will the Jeddah tower be built?
The Jeddah Tower in Saudi Arabia, is expected to be the tallest building in the world, knocking Dubai’s iconic Burj Khalifa off its throne. It is planned to be the world’s first 1km high building, and the centrepiece and first phase of a development and tourist attraction known as Jeddah Economic City.