• HSBC

Alwaleed seeks bids for mile-high tower

  • Saudi Arabia: Sunday, February 24 - 2008 at 08:48

Kingdom Holding Company, controlled by Saudi billionaire Prince Alwaleed bin Talal, plans to invite contractors to submit bids before July to build the world's tallest tower in Saudi Arabia, reported our sister publication Meed. The Mile High Tower, which could reach 1,600 metres in height, is to be built in the Red Sea port city of Jeddah and may cost up to $10bn. The Mile High tower could be twice as tall as the Burj Dubai, Meed said.

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