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Megatalls Discussions of projects under construction at least 600m/2,000 ft tall.



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Old August 18th, 2016, 01:46 PM   #15581
droneriot
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Wow in places like Shenzen they get height restrictions for being somewhere miles away from the general vicinity of flight paths, Kingdom City/Jeddah Tower is like right in front of the runways. I never even knew that.
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Old August 19th, 2016, 06:01 PM   #15582
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It looks like suspended construction,no actions for a long time!
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Old August 19th, 2016, 06:43 PM   #15583
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On Hold.
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Old August 19th, 2016, 11:22 PM   #15584
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Yep. It looks like its time to rename the thread.
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Old August 19th, 2016, 11:51 PM   #15585
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The jinx of building the highest building in the world has brought every country economic headwinds till now.
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Old August 20th, 2016, 12:01 AM   #15586
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Some official information would be nice
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Old August 20th, 2016, 12:10 AM   #15587
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It is waayyy too early to brand this one as On Hold! The coming month will clear things up. The economy is very unpredictable and is affected by many factors, you never now what tomorrow will bring.

noir-dresses do you think the price of oil will keep on going up following the trend of the past days or is it only a hiccup and is forecasted to drop again?
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Old August 20th, 2016, 02:20 AM   #15588
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Quote:
Originally Posted by Gabriel900 View Post
It is waayyy too early to brand this one as On Hold! The coming month will clear things up. The economy is very unpredictable and is affected by many factors, you never now what tomorrow will bring.

noir-dresses do you think the price of oil will keep on going up following the trend of the past days or is it only a hiccup and is forecasted to drop again?
Price of oil could keep rising because of the hope/speculation of an OPEC oil freeze agreement that will take place in Algeria next month.

We could see utter disappointment in September again because what we're actually seeing is a oil pumping frenzy that is breaking records, and not a freeze. There is actually one million barrels a day being pumped more today than was during the Doha OPEC meeting four months ago which is just adding more pain to the glut.

Iranians will not agree to any freeze as long as they believe they have the capability of pumping more oil in the future which will lead the KSA pumping record amounts of oil leading to a possible downward spiral in oil prices into the twenties.

The Americans are also happy with the latest price so expect their taps open up.

All in all oil producing country's need to agree to cut production for the price of oil to rise, or the world economy has to rise fast enough for demand to out strip production.

Very simple low oil prices effect every aspect of the KSA economy.
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Old August 20th, 2016, 09:27 AM   #15589
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hahaha i knew this would end up on hold... you can't expect another city to rise out of the desert from building a tower. Dubai's already done that. think of something more original
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Old August 20th, 2016, 10:02 AM   #15590
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9 a.m. local time... you'd think there'd be workers there, but I don't see anyone working at all. Not good! Floor count still 44 on the core.


On hold? It looks that way...


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Old August 20th, 2016, 10:49 AM   #15591
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Quote:
Originally Posted by Dave-in-Toronto View Post
9 a.m. local time... you'd think there'd be workers there, but I don't see anyone working at all. Not good! Floor count still 44 on the core.


On hold? It looks that way...


Indeed,it's true..
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Old August 20th, 2016, 11:10 AM   #15592
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This will just add to the pain,

Shale Drillers Party Like It’s 2014 as Oil Finds Bull Market

Shale drillers are adding the most oil rigs since crude was worth $100 a barrel as confidence that OPEC may finally agree to freeze output pushed futures into a bull market.

U.S. producers have put 76 oil rigs back to work in eight weeks, the biggest and longest increases since 101 were added a couple months before the price crash started in mid-2014, Baker Hughes Inc. data released Friday show. The count rose by 10 this week, bringing the total oil rig count to 406.

http://www.bloomberg.com/news/articl...rs-bull-market

Now how does one raise oil prices in a significant manner? It's a glut out there.
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Old August 20th, 2016, 11:40 AM   #15593
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Quote:
Originally Posted by j-biz View Post
Not quite the middle of the desert, but definitely away from the city center.

https://www.google.com/maps/place/Ki...7!4d39.0828764
Whoa, is it just me or is all that marine development at the seafront and obhur creek as well as the subdivisions to the north of the tower site all new since about four years ago?

Wow perhaps so but the quality seems low...

https://www.google.com/maps/place/Ob...075087!6m1!1e1
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Old August 20th, 2016, 05:27 PM   #15594
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Saudi tries to diversify its economy but depends on oil prices to do so. Also with the builder is hot water seems like a perfect storm for this project to slowdown to a halt. The developer was dumb IMHO they focused too much on the tower and not on the surrounding projects first.
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Old August 20th, 2016, 05:57 PM   #15595
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I think you have a point .. checking google earth, I can see lots of empty plots around the center of the city where it is already dense! If this tower was located there it would have made alot of sense. But I think the prince intention was to build a new city that is fully his, and to do so he had to start from scratch, and not depending on what already was built. Well if only they started this project like 10 years ago, Saudi Arabia would've had 10 Jeddah towers by now!
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Last edited by Gabriel900; August 20th, 2016 at 06:14 PM.
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Old August 20th, 2016, 10:31 PM   #15596
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Did ANYONE really think this project would end up getting built? In the middle of the desert! It was doomed from the beginning, what were they thinking??
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Old August 20th, 2016, 10:42 PM   #15597
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Yes, people thought that, because of the success of Burj Khalifa. The plan behind Burj Khalifa was a hundred times smarter of course, and Dubai had been transforming its economy to suit that kind of project for decades already, but still, with all the Prince's money people thought that this could work. It still can.
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Old August 21st, 2016, 01:17 AM   #15598
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I think this'll end up being finished some way or another. Aside from no truly concrete statement that it's on hold yet or being kept as-is. There have been towers before that ran into unfavorable conditions to be completed when started yet eventually finished. While we all wish skyscraper construction would go smoothly without a hitch, the location, politics, and everything else can't always make that happen.

Again just my thoughts but this development seems too expensive and has already had enough work started in general that it'd seem odd for them to just stop it entirely.
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Old August 21st, 2016, 02:12 AM   #15599
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Guys, there is no need for all of this. The slowness is because of the governmental financial punishment on Bin Ladin Group and it had a clear reflection on this project (The government wouldn't care because it is a private project and that's why it is not related to the economy and oil price)

Everything will be fine and I really don't think it will be on hold at all. 2020 is very far away and the project is so huge. It needs a lot of patience and Bin Ladin Group should start moving or they might be in real trouble

By the way, they might be recovering now

http://meconstructionnews.com/15626/...ecovery-report
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Old August 21st, 2016, 07:12 AM   #15600
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