Browse
related articles
Developer completes Kingdom Tower financing
- Saudi Arabia: Sunday, September 23 - 2012 at 09:36
Kingdom Real Estate Development Co has announced financing for the kilometre-high Kingdom Tower has been completed, Bloomberg has reported. "We have all the investors, all the finance, all the money we need," said Talal Al Maiman, CEO and managing director of Kingdom Real Estate. "It took us beyond 20 months to convince investors, working every detail and aspect of financing." The Kingdom Tower in Jeddah will eclipse today's highest skyscraper, the 828-metre Burj Khalifa in Dubai, when completed in 2018. The tower is expected to cost $1.2bn to build, with construction expected to be concluded in about five- and-a-half years, the developer said.
Related Content
Article Options
Disclaimer »
The information comprised in this section is not, nor is it held out to be, a solicitation of any person to take any form of investment decision. The content of the AMEinfo.com Web site does not constitute advice or a recommendation by AME Info FZ LLC / 4C and should not be relied upon in making (or refraining from making) any decision relating to investments or any other matter. You should consult your own independent financial adviser and obtain professional advice before exercising any investment decisions or choices based on information featured in this AMEinfo.com Web site.
AME Info FZ LLC / 4C can not be held liable or responsible in any way for any opinions, suggestions, recommendations or comments made by any of the contributors to the various columns on the AMEinfo.com Web site nor do opinions of contributors necessarily reflect those of AME Info FZ LLC / 4C.
In no event shall AME Info FZ LLC / 4C be liable for any damages whatsoever, including, without limitation, direct, special, indirect, consequential, or incidental damages, or damages for lost profits, loss of revenue, or loss of use, arising out of or related to the AMEinfo.com Web site or the information contained in it, whether such damages arise in contract, negligence, tort, under statute, in equity, at law or otherwise.
