The developer of the Kingdom Tower is aimar Real Estate Company. The idea of building the Kingdom Tower was first put forward in 2003. Prince Alwaleed bin Talal of Saudi Arabia and Talal, 54 years old (2009), are nephews of King Abdullah bin Abdulaziz of Saudi Arabia. In the 1990s, Talal was once among the five richest people in the world because of his decisive investment in Citigroup. According to Forbes magazine, Nakheel, Enal's main competitor, also plans to build a building as high as the Kingdom Center in Dubai, which is also scheduled to be completed in 2020.
Break the earth
On April 27th, 20 14, the ground was broken for the center building of the Kingdom of Saudi Arabia. The building height of the Kingdom Tower will reach 3,280 feet. Metrically, Burj Khalifa in Dubai will be slightly longer than one kilometer, far ahead of the height of 828 meters. When completed, it will become the tallest building in the world, and the Saudi crown princes hope it will become a new symbol of the Arab world.
On the construction site of the Kingdom Tower, the workers have begun to lay the foundation. In order to obtain stable support, the foundation pile of the Kingdom Building will go 330 feet (100.6 meters) underground, and the whole project will cost more than1200 million US dollars.
The project of the Kingdom Center Tower has attracted wide attention from all walks of life on 20 1 1. The construction period of the Kingdom Center Tower is not long-the main building is expected to be completed within 63 months, only a little more than five years.
Underground partial completion
20 14 1 1, Prince Walid, President of the Saudi Kingdom Holding Company, held a press conference and said that the foundation work of the Kingdom Center Tower Project in the Kingdom City of Jeddah has been completed. It is expected to be completed in 20 18 years, when the Kingdom City will accommodate 180,000 residents. Walid did not announce the final height of the Kingdom Tower. It is speculated that it may reach 1, 200- 1, 300m m. The Kingdom Center Tower will cost 4.6 billion rials, and the total cost of the whole Kingdom City will reach 75 billion rials.
Recent progress
As of June 7th, 20 15, the height of the Kingdom Center Building has reached 66m.