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Blue Chip Stocks in India Pro Stock Market Picks ✌️【Stay Away from Losses】✌️ Real-time India stock and global stock indices, futures prices, and data to help you make efficient investment decisions. At a ceremony held on the site Wednesday, the development consortium behind the project, Jeddah Economic Company (JEC), announced that the tower is now scheduled to finish in 2028.
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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.”
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Blue Chip Stocks in India Pro Stock Market Picks ✌️【Stay Away from Losses】✌️ Gain access to professional investment advice, free market trend analysis, and real-time stock market data. Make informed decisions and unlock the full potential of your investments with expert predictions and guidance. According to anannouncementpublished via the Saudi stock exchange, Saudi Binladen Group’s new contract is worth 7.2 billion riyal ($1.9 billion), of which around 1.1 billion riyal ($290 million) has been already paid for completed work. At present, 63 of the tower’s 157 stories have been built.
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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 Membership Group 】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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