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Following yesterday’s ceremony, Alwaleedposteda video to X showing a digital rendering of the gleaming tower with the caption: “We’re back.”
how abhishek finlease limited (538935) stock is performing today ✌️【Financial Planning】✌️ Free stock market strategies and analysis based on real-time data, empowering you to choose profitable investment options and avoid risks. Our expert predictions will help you stay in tune with the latest market trends. Another key figure embroiled in the anti-corruption drive was Bakr bin Laden, chairman of the skyscraper’s main contractor, Saudi Binladen Group. The construction mogul, who is the half-brother of Osama bin Laden, was reportedly released in 2021, three years after his arrest. His family’s firm, which also owns a stake in the Jeddah Tower project, has been rehired to complete the construction work.
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Formerly known as Kingdom Tower, the skyscraper broke ground in 2013 and was initially expected to be completed by 2020. It will stand more than 500 feet above Dubai’s Burj Khalifa, currently the world’s tallest building.
Overlooking the Red Sea in Saudi Arabia’s commercial capital, Jeddah, the skyscraper is expected to contain office, retail and residential space. Original plans, first unveiled in 2011, included a hotel, shopping mall and the world’s highest observation deck.
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Plans also include 59 different elevators, in what the firm called “one of the world’s most sophisticated elevator systems.”
Jeddah Tower will be the crown jewel of a wider 57-million-square-foot, $20-billion development dubbed Jeddah Economic City.Speaking to 【 - Free Long-Term Wealth Growth Plan 】in 2018, JEC’s then chief development officer Hisham Jomah said the project was “changing the mindset” of Jeddah, which has traditionally acted as a gateway to the holy cities of Medina and Mecca.
“Before (the tower) was here, this was not considered a place that people would live,” said Jomah, who has since passed away. “We are creating an independent city… so that you don’t have to leave here.”
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