World’s tallest building delayed to 2019, says Saudi prince

Newsmaster
May 12, 2017
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The completion date for the world’s tallest tower has been pushed back to 2019, a Saudi Arabian billionaire said Thursday, almost six years after launching the record-breaking project.

Jeddah Tower is to rise more than a kilometre (almost 3,300 feet), placing it above Dubai’s Burj Khalifa.
“The project was delayed… but it’ll open (in) 2019,” Prince Alwaleed bin Talal told AFP during a visit to the site beside the Red Sea.

Alwaleed chairs Kingdom Holding Co whose affiliated Jeddah Economic Company is developing the spire-topped landmark.

The project contractor Saudi Binladin Group was among construction firms in the kingdom that suffered financially after a collapse in oil revenues from 2014.

The company, which developed other prominent buildings in Saudi Arabia, was founded more than 80 years ago by the father of deceased Al-Qaeda leader Osama bin Laden…. see more

source: arabianbusiness

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