We all have heard of the gigantic Burj-Khalifa. It stands out to be the world’s tallest building with an astonishing height of 828 metres. But now it seems that the Burj-Khalifa would be losing its record to the upcoming Kingdom Tower which is estimated to be completed by the middle of 2017. The overall estimated cost of the tower which will be standing at a height of 1000 metres is around US$1.23 billion!
The foundation of the tower was laid in the Kingdom City of Jeddah by a Chicago based firm headed by Adrian Smith & Gordon Gill. The tower is not coming alone, it will be surrounded by an entirely built urban community on more than 5 million square metres. The tower also includes a mixture of Four Seasons hotel, office spaces, luxury apartments and an observatory. The project is estimated to be completed within 63 months.
According to Prince Alwaleed bin Talal, the Chariman of Kingdom Holding Company, the green-light for the project has been officially given.
“The final license to construct the world’s tallest tower was formally received from the Jeddah municipality in February and it will be completed in 63 months,” he said. “The vision of constructing the tallest tower in the world in Jeddah belongs to Prince Alwaleed, who was closely involved in the selection of the scheme currently under design,” said Talal Al Maiman, Executive director, Development and Domestic Investments, a board member of both KHC and JEC.
The tower was initially planned to be 1600 metres high. But the plan was later dropped citing geographical reasons. Adrian Smith, who is the chief architect of the project was also one of the master brains behind the famous Burj Khalifa. The building will have a total of 59 elevators and 12 escalators. In addition to its status as an architectural landmark and economic symbol, Kingdom Tower will also be enjoying great cultural significance.