World’s tallest building to be built in Jeddah by Saudi Prince Talal's Company

ISLAMABAD: The Saudi Prince Alwaleed Bin Talal has decided to build the tallest building in the world in Jeddah. Prince Alwalid is also chairman of Kingdom Holding Co. In his statement he said that his company has secured $ 2 billion to complete the highest tower project. The building will consist of 170- floors and its height will be more than 3,300 feet. Jeddah Economic Company will finance $ 2 billion to finish the Jeddah Tower . “Alinma Bank will finance the fund, to be managed by Alinma Investment, while Jeddah Economic Company will be the master developer of projects that will draw on the fund’s credit lines,” Talal said. The Chief executive officer of Jeddah Economic Company expressed his hope that the project will complete on time. Agreement has been signed between both companies.

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