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Old August 7th, 2011, 09:41 PM   #2361
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Quote:
Originally Posted by fayzoon View Post
the skyscraper with the biggest hole in the world (kingdom centre)
but not the tallest skyscraper with a hole
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Old August 7th, 2011, 09:49 PM   #2362
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Quote:
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but not the tallest skyscraper with a hole
yes 3rd tallest with a hole
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Old August 8th, 2011, 01:29 AM   #2363
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Kingdom aims to overtake Burj Khalifa as tallest tower in 5 years

Kingdom Tower will feature a Four Seasons hotel, luxury condominiums and offices

By APPublished Sunday, August 07, 2011



The investment company headed by Saudi billionaire Prince Alwaleed bin Talal says it plans to complete the world's tallest tower in just over five years time.

The Kingdom Holding Co did not say Sunday when work would begin on the Kingdom Tower.

The $1.2 billion tower will be roughly two-thirds of a mile (1 kilometer) high. It is part of a $20 billion mega project on the outskirts of the Red Sea city of Jiddah.

The tower will be built by the Saudi Binladen Group construction conglomerate. It will cost $400 million and feature a Four Seasons hotel, luxury condominiums and offices that encompass around 5.4 million square feet.

http://www.emirates247.com/news/emir...08-07-1.411790
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Old August 8th, 2011, 04:10 AM   #2364
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Am I the only who thinks they could've done better than the Four Seasons?
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Old August 8th, 2011, 04:37 AM   #2365
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This building is the new tower of babel.

Last edited by yankee fan for life; August 8th, 2011 at 04:45 AM.
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Old August 8th, 2011, 04:51 AM   #2366
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Quote:
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Am I the only who thinks they could've done better than the Four Seasons?
It's between them and Movenpick. I don't think al-Waleed will give the hotel management to anyone outside the Kingdom Holdings stable.
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Old August 8th, 2011, 06:41 AM   #2367
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Hi all.

I see this project will have as much secrecy, incorrect news articles, and outright bullshit from the developer as the BK ...

First the 1.23 billion cost claim (which is close to one quarter of reality) and now this ... - 5 years to completion ...

The foundation work is still being tendered. It could be a few months before it begins and it could take a year to do the piling, pour the raft and let it cure some.

That leaves less than 4 years to complete the project ...
It may not even be topped out 5 years from now and will take a few years after that to complete.


Ray.
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Old August 9th, 2011, 12:16 AM   #2368
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There is no way the cost will be 1,23 bln $. It will surely be over 4 bln $, it just too big and on too difficult terrain. Also I doubt they'll build it before 2017.
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Old August 9th, 2011, 01:09 AM   #2369
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I 1000% agree with you, those 1.23 billions are a lie. This will beat the Burj Khalifa both in the title of world's tallest building and in the title of world's most expensive trophy. But even though it is just a trophy dedicated to their wealth I, as a skyscraper lover, still love it
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Old August 9th, 2011, 01:46 AM   #2370
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the four seasons was a great decision. maybe its just me being bias, as four seasons originated in Toronto.
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Old August 9th, 2011, 02:11 AM   #2371
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well, it doesn't surprise me that alwaleed went with the four seasons, after all he owns it (much of it at least) .
I belive the only four seasons in the kingdom is the one in Riyadh in kingdom tower .
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Old August 9th, 2011, 02:39 AM   #2372
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it might be 1.23b $ cause the building is thin and has a fat base which is the only fat thing in the tower .So, it hasn't to be a surprise when you consider the design of the tower itself !! and don't forget about what happened at the soil testing and I think that this is the reason they didn't make it a mile tall
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Old August 9th, 2011, 05:18 AM   #2373
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Thanks very much for posting such a great interview! So much better than the typical how much $ and how tall only typical questions. The interviewer did a great job in getting right to the point and asked some indepth questions. Good job for Adrian and nice to see a video finally.
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Old August 9th, 2011, 08:14 AM   #2374
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The financial aspects of this deal are interesting:

SBG paid SR 1.5 bln in cash for a 16.63% share in JEC. The other investors contributed SR 7.3 bln in assets (ie land) , giving a total capital of SR 8.8 bln .

JEC signed a SR 4,6 bln contract with SBG to construct the tower. It intends to fund it with SR 1.5 bln in cash and the rest through bank loans and project income (ie strata sales / rental income).

Essentially then, SBG is building this tower on their own dime.

references:

http://www.kingdom.com.sa/ar/MC_PR_N...asp?p=3&ID=825
http://www.tadawul.com.sa/wps/portal...EMENT_NO=22541

Last edited by HiJazzey; August 9th, 2011 at 08:19 AM.
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Old August 9th, 2011, 01:29 PM   #2375
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Quote:
Originally Posted by fayzoon View Post
it might be 1.23b $ cause the building is thin and has a fat base which is the only fat thing in the tower .So, it hasn't to be a surprise when you consider the design of the tower itself !! and don't forget about what happened at the soil testing and I think that this is the reason they didn't make it a mile tall
Well, 1WTC isn't fat either and it's 3.1 billion. I know that workforce in Asia is a lot cheaper than in the US, but then again, 1100m is a lot more than 417m
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Old August 9th, 2011, 08:21 PM   #2376
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kingdom tower needs to be in a separate category this building is beyond a supertall.
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Old August 9th, 2011, 08:47 PM   #2377
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I personally would favor Megatall for 600-999m towers an Ultra or Hypertall for towers above 1000m . but that's just my small mind .

back to topic: i hope the current Financial Crisis won't stop this project
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Old August 9th, 2011, 09:32 PM   #2378
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yes, we need a new forum for 600+
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Old August 10th, 2011, 05:15 AM   #2379
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What will be the first stages in prep work for this tower?
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Old August 10th, 2011, 05:19 AM   #2380
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Making a sand castle replica on the site so all the workers can see what they have to build.
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