saudi billionaire to build 3,300 foot tall building

[SMKR]

Wow that is tall.

[SMKR]

http://www.reuters.com/article/2011/08/02/kingdom-tower-idUSL6E7J208320110802

[01vnms4v]

From link above....

Alwaleed's Kingdom in contract to build world's tallest tower

DUBAI, Aug 2 (Reuters) - Kingdom Holding , owned by Saudi billionaire Prince Alwaleed bin Talal, said on Tuesday an associate firm signed a contract worth 4.6 billion riyals ($1.23 billion) with Bin Laden Group to build the world's tallest tower in Jeddah.

The proposed tower will stretch a kilometre high and include a hotel, serviced apartments, luxury condominiums and offices, Kingdom said in a statement.

If completed, the tower will replace Dubai's Burj Khalifa, standing 828 metres tall, as the tallest tower in the world. The Burj Khalifa was built by Emaar Properties for a total cost of $1.5 billion.

The tower is part of the first phase of Kingdom City, which is being built north of the Red Sea port city.

Kingdom said the associate firm, Jeddah Economic Co., will be 16.63 percent-owned by the Bin Laden Group while Kingdom will hold a 33.35 percent stake in the venture.

Abrar International Holding Co. will also have a 33.35 percent stake while businessman Abdurrahman Sharbatly will own 16.67 percent.

Last month, Kingdom reported a 21-percent rise in second-quarter net profit helped by higher income from its investments. (Reporting by Dinesh Nair; Editing by Amran Abocar)

[ELVIS]

From link above....

Alwaleed's Kingdom in contract to build world's tallest tower

DUBAI, Aug 2 (Reuters) - Kingdom Holding , owned by Saudi billionaire Prince Alwaleed bin Talal, said on Tuesday an associate firm signed a contract worth 4.6 billion riyals ($1.23 billion) with Bin Laden Group to build the world's tallest tower in Jeddah.

The proposed tower will stretch a kilometre high and include a hotel, serviced apartments, luxury condominiums and offices, Kingdom said in a statement.

If completed, the tower will replace Dubai's Burj Khalifa, standing 828 metres tall, as the tallest tower in the world. The Burj Khalifa was built by Emaar Properties for a total cost of $1.5 billion.

The tower is part of the first phase of Kingdom City, which is being built north of the Red Sea port city.

Kingdom said the associate firm, Jeddah Economic Co., will be 16.63 percent-owned by the Bin Laden Group while Kingdom will hold a 33.35 percent stake in the venture.

Abrar International Holding Co. will also have a 33.35 percent stake while businessman Abdurrahman Sharbatly will own 16.67 percent.

Last month, Kingdom reported a 21-percent rise in second-quarter net profit helped by higher income from its investments. (Reporting by Dinesh Nair; Editing by Amran Abocar)

i will fly a plane into that bitch.

god bless.

[forbes]

i will fly a plane into that bitch.

god bless.

that made me laugh

[Denny]

I've been up the Burj Khalifa in Dubai and it was crazy high! It was higher than the dust haze over the city and you looked way down to see the tops of other buildings. This one is going to be nuts!

[forbes]

it's amazing the engineering on something that tall. sure would suck to have a fire and be on the top floor

[Denny]

Fi you flew a plane into it, it would withstand better than the WTC, that's for sure. This thing is massive and its base is wide, tapering off as it goes up. When I was on the tour, the guide said that Emaar Properties were working on plans for a mile-high building in the future. Actually, about 5500ft total.

[Captain Crawfish]

quit buying his oil and this shit wont happen anymore. 1 billion a day builds lots of sky scrapers wake up America

[mstng86]

Fi you flew a plane into it, it would withstand better than the WTC, that's for sure. This thing is massive and its base is wide, tapering off as it goes up. When I was on the tour, the guide said that Emaar Properties were working on plans for a mile-high building in the future. Actually, about 5500ft total.

You are right.


A nuke would be better suited for the job.

[Denny]

You are right.


A nuke would be better suited for the job.

Swine rockets FTW!!!!

[racrguy]

i will fly a plane into that bitch.

god bless.

I was thinking the same thing when unread that. DFWM never fails to deliver the goods. Lol

[mustangguy289]

Good.. now we have targets.

[01vnms4v]

that made me laugh

Me too and I almost choked on my coke

[32vfromhell]

Osama Bin Ladin's family was a famously rich Saudi family. They disowned his ass after he went radical, and cut off his money.