Prince Alwaleed's Kingdom Tower to be world's tallest building
The Jeddah skyline showing the future Kingdom Tower
Price Alwaleed, the billionaire businessman, one of the richest men in the world, the largest shareholder in Citigroup, owner of the Georges V in Paris, stakeholder in Saks Fifth Ave, Disney Corp and dozens of other companies, has decided to add one more feather in his cap. The Prince is reported to have embarked on a $40BN quest to build the world’s tallest building, and to focus more attention on the Middle East as a rising economic powerhouse.
The Prince is known for his penchant for the biggest and the best. Earlier, he also ordered the world’s largest private aircraft, an Airbus A380 refitted to carry him and an entourage around the world.
Prince Alwaleed will be partnering with Nakheel, which along with Emaar, is one of the leading construction companies in the Middle East. The building will have more than 200 floors, and will be over a kilometer high. It will be built in the Saudi Arabian city of Jeddah.
For more on the story, have a look at The Telegraph.
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