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Old January 24th, 2016, 10:12 PM   #13841
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Old January 24th, 2016, 11:26 PM   #13842
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Quote:
Originally Posted by storms991 View Post
Serious question for my Saudi friends:

Is there a chance that funding for this building will be cut due to the current Saudi budget crisis?



No! It is privately funded, and pretty much already paid for.
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Old January 24th, 2016, 11:52 PM   #13843
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those floors are coming fast now
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Old January 25th, 2016, 05:53 AM   #13844
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What's the current height of the building now?
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Old January 25th, 2016, 10:08 AM   #13845
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Quote:
Originally Posted by 0095914 View Post
those floors are coming fast now
One floor per week, that's not that fast until now.
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Old January 25th, 2016, 10:13 AM   #13846
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core is rising now
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Old January 25th, 2016, 10:42 AM   #13847
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Quote:
Originally Posted by storms991 View Post
Serious question for my Saudi friends:

Is there a chance that funding for this building will be cut due to the current Saudi budget crisis?



No The project has been fully finance construction of a $ 8 billion It is a special project of the Saudi businessman Alwaleed bin Talal , one of the world's richest men Nothing to do with the budget Arabia Pettmol project.
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Old January 25th, 2016, 10:55 AM   #13848
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Quote:
Originally Posted by storms991 View Post
Serious question for my Saudi friends:

Is there a chance that funding for this building will be cut due to the current Saudi budget crisis?
First of all, it's really misleading to call it "Saudi budget crisis"..

with reserves that exceed $ 640 billion (while the current governmental expenses is around $ 225 Billion) not to mention the lowest public dept in the world ( around 5 % of the G.D.P), so basically the Saudi government could "borrow" another $ 200 Billion (As public dept) and it will still be fine.
on the other hand, the real deal lies here, the non-oil governmental income has grown 29% in 2015, expecting to grow 35% in 2016 (the plan is to make the non-oil income to represent 40 - 45% of total income by 2020 with the current oil prices.
Basically I would rather to see this as the golden chance to go ahead with the economical reforms were established in 2011 on a faster bases.
So, I would call it ( Economical Reforms)

Back on topic, this tower is a 100% private sector project, the government has nothing to with it ( except for giving permissions and licenses) and the funds were completely secured.

the owners of this project (Kingdom Tower and City) are 4 of the richest businessmen in the ME:
1- AL-Waleed Bin Talal (33 %) [ General investor worth around $ 30 Billion]
2- Abdul Rahman Shurbatly ( 33%) [ General investor, retailing, food industry, Cars (exclusive distributor for Audi, Porsche, VW, Ferrari, Maserati. worth around $ 7 Billion]
3- Samaual Bakhsh (16.5 %) [ owner of Traco Company- Real states business. worth around $ 2.75 Billion]
4- Bakr Bin Laden (16.5 %) [ G.M of the Bin Laden Group SBG -Contracting and General investor. worth around $ 7 Billion]

I wish this was helpful
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Old January 25th, 2016, 01:16 PM   #13849
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All the planes at Jeddah Airport fly under 1000 Meters next to the Jeddah Tower.. I hope the planes won't hit the building.


Jeddah Tower Top Left
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Old January 25th, 2016, 01:48 PM   #13850
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Quote:
Originally Posted by K.S.A View Post
core is rising now
Next pour already until wednesday or thursday, that would be perfect
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Old January 25th, 2016, 02:44 PM   #13851
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Old January 25th, 2016, 02:45 PM   #13852
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What floor the tower is now ?
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Old January 25th, 2016, 02:56 PM   #13853
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Quote:
Originally Posted by Hamcl View Post
What floor the tower is now ?
Floor 35 I believe!
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Old January 25th, 2016, 03:19 PM   #13854
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Quote:
Originally Posted by Hamcl View Post
What floor the tower is now ?
33 fl
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Old January 25th, 2016, 03:34 PM   #13855
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lol 35 or 33 xD
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Old January 25th, 2016, 04:07 PM   #13856
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Huge amount of scaffolding in this tower

But then again its a huge tower
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Old January 25th, 2016, 04:09 PM   #13857
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Quote:
Originally Posted by ZZ-II View Post
One floor per week, that's not that fast until now.
The modified time plan:

June 2016 ===> level 54

DEC 2016 ===> level 95

June 2017===> level 135

DEC 2017 ===> level 167

June 2018 ===> Level 210

DEC 2018 ===> level 240 + Steel Spire
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Old January 25th, 2016, 04:21 PM   #13858
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Quote:
Originally Posted by alsaif2012 View Post
21/01/2016
This is the latest from alsaif which is before the newest core jump. so its 35 floors.
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Old January 25th, 2016, 04:26 PM   #13859
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Quote:
Originally Posted by Rody69 View Post
The modified time plan:

June 2016 ===> level 54

DEC 2016 ===> level 95

June 2017===> level 135

DEC 2017 ===> level 167

June 2018 ===> Level 210

DEC 2018 ===> level 240 + Steel Spire
It's crazy to think that I'll have graduated from college and it'll be at Level 210.
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Old January 25th, 2016, 05:45 PM   #13860
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Spire doesnt count toward floor count.
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