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Old August 30th, 2016, 10:32 AM   #15681
GuitarAbuse
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An update possibly.

I met with some of the people working on the project (cant exactly name them) and they mentioned that they were working on the floors at the moment rather than vertically, hence why you haven't seen a jump for a while (I would take this with a pinch of salt). They do accept the fact that work has slowed down drastically.
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Old August 31st, 2016, 04:13 PM   #15682
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news regarding the project
bin laden group (the company working on this project) have paid wages for all their workers so i think this was the reason of the delay and why we see more activity now on the construction site

http://akhbaar24.argaam.com/article/...%D8%AF%D9%86/1
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Old August 31st, 2016, 11:21 PM   #15683
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Quote:
Originally Posted by xBraveHeartXx View Post
news regarding the project
bin laden group (the company working on this project) have paid wages for all their workers so i think this was the reason of the delay and why we see more activity now on the construction site

http://akhbaar24.argaam.com/article/...%D8%AF%D9%86/1
Yeah that is good news

It says it will be exactly on Monday 5/September/2016 when all of the wages will be already paid
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Old September 1st, 2016, 12:10 AM   #15684
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And here's bad news, to get you guys grounded:



Sorry for not being affected by the mass euphoria
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Old September 1st, 2016, 12:35 AM   #15685
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Oil is not related to this project
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Old September 1st, 2016, 12:56 AM   #15686
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Quote:
Originally Posted by fayzoon View Post
Oil is not related to this project
Many of your comments are unrelated. But the economy is in direct connection with the fact it is on hold now.
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Old September 1st, 2016, 01:00 AM   #15687
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Lol the moment I saw the chanel's name "Ahlulbayt" I turned it off.
Shite propaganda.
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Old September 1st, 2016, 02:35 AM   #15688
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JEDDAH | Jeddah Tower | 1000m+ | 3281ft+ | 167 fl | U/C

Quote:
Originally Posted by CopyLeft View Post
And here's bad news, to get you guys grounded:



Sorry for not being affected by the mass euphoria

Lol, in 1:07 they show an image for the Emirates Palace Hotel in Abu Dhabi and then an image of the Ritz Carlton Hotel in Riyadh.
Both are two stunning hotels built and funded by the governments of the KSA & UAE for the people and to host local and international conferences and to house tourists to the two capitals. They are two landmarks in our peaceful and prosperous countries. Down with you your ugly propaganda.
Fail!!
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Old September 1st, 2016, 05:25 AM   #15689
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Old September 1st, 2016, 08:16 AM   #15690
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Quote:
Originally Posted by CopyLeft View Post
Many of your comments are unrelated. But the economy is in direct connection with the fact it is on hold now.
It is not on hold don't you see the workers on the pictures nowadays?

BTW, the project is 100% private and the oil revenue 100% goes to the government

So oil is not related and please keep your comments related
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Old September 1st, 2016, 10:49 AM   #15691
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Old September 1st, 2016, 03:25 PM   #15692
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Old September 2nd, 2016, 06:31 AM   #15693
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but the buyers for apartments, or investors will (most likely) be backed by oil money. if the oil price keeps fluctuating, no one will be making mega purchases on apartments and leave the building a failure.

if i was the developer of this i'd cancel and try to keep losses as low as possible
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Old September 3rd, 2016, 05:12 PM   #15694
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The core pouring!!!
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Old September 3rd, 2016, 05:21 PM   #15695
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Old September 3rd, 2016, 05:48 PM   #15696
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4K 60p :
https://www.youtube.com/watch?v=WMzlj-mXSlY
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Old September 3rd, 2016, 09:05 PM   #15697
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It is really funny how insecure Saudis are about this project.
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Old September 3rd, 2016, 09:09 PM   #15698
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Quote:
Originally Posted by cmj2k2 View Post
It is really funny how insecure Saudis are about this project.
It's really funny that people like you think attacking Saudi Arabia, its culture, its economy is the same as criticizing this project.
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Old September 3rd, 2016, 09:13 PM   #15699
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Quote:
Originally Posted by bilbo214 View Post
but the buyers for apartments, or investors will (most likely) be backed by oil money. if the oil price keeps fluctuating, no one will be making mega purchases on apartments and leave the building a failure.

if i was the developer of this i'd cancel and try to keep losses as low as possible
Canceling the project would mean that everything that has been spent would be totally lost. Finishing it means that you will recover the monies that were spent. Recovery may be slower because sales will be slower but at least you will be able to recover money from the project.

Shortening the building and finishing it would probably be the absolute best for the developer but unfortunately the worst for those of us who like super tall buildings.
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Old September 4th, 2016, 07:25 AM   #15700
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Quote:
Originally Posted by Msradell View Post
Canceling the project would mean that everything that has been spent would be totally lost. Finishing it means that you will recover the monies that were spent. Recovery may be slower because sales will be slower but at least you will be able to recover money from the project.

Shortening the building and finishing it would probably be the absolute best for the developer but unfortunately the worst for those of us who like super tall buildings.
hmm yeah agreed, i feel like that might actually happen too. a shorter Jeddah Tower seems like the only realistic option.

And factoring in that Dubai is planning to come up to 928m+ just makes the Jeddah Tower even less appealing.
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