JEC Board Holds a Press Conference at Jeddah’s Kingdom Tower Location

439HRH Prince Alwaleed Bin Talal Bin Abdulaziz Alsaud, Chairman of Kingdom Holding Company (KHC) and board members of the Jeddah Economic Company (JEC), paid a visit to the location of the Kingdom Tower and The Kingdom City in Obhor north of Jeddah, to view work in progress on the project and observe at first hand the achievements made so far.

Prince Alwaleed commented: “World’s tallest Tower construction work picking up pace and plans to reach 6th floor by end of 2014.”

Prince Alwaleed expressed his satisfaction with the progress made in accordance with the project schedule and praised the efforts made by the project team to finalize works within the specified deadline while maintaining the highest standards of quality.

At a press conference held on the occasion of the visit, guests were given an overview of the project and shown the progress that has been made in the implementation stages. Commenting, Eng. Talal Ibrahim Al Maiman, Executive Director Development and Domestic Investments, Chairman and CEO of Kingdom Real Estate Development Company (KRED), a board member of Kingdom Holding Company stated that work on the Kingdom Tower project, which will be the highest in the world at more than 1,000 meters and is being built on an area of 85,000 sqm at a total cost of SR 4.6 billion, is moving at an accelerated pace using the best and most advanced techniques.

Earlier, Prince Alwaleed headed the board of directors meeting of Jeddah Economic Company in Jeddah with the board members; Mr. Abdulrahman Hassan Sharbatly, Mr. Saleh Bin Laden, Mr. Samaual Bakhsh, Eng. Talal Almaiman and Architect Hasan Sharbatly.

The Kingdom City and Kingdom Tower project will be a source of pride for the Saudi people and for the citizens of Jeddah in particular. The master plan of the project is designed to build a city on an area of 5.3 million sqm supported by an advanced and comprehensive infrastructure. The first phase of the project which is currently under development consists of 1.5 million sqm which comprises of 3.3 million sqm of modern multi-purpose buildings that will reposition the city of Jeddah on the international scene of modern regional cities.

The main purpose of the project is to make available a unique business, residential and entertainment environment that provides top services for the new generation of Saudi citizens, and to be a must-visit business, entertainment, cultural, medical and educational landmark for visitors to Jeddah, as well as playing an important role in creating job opportunities for Saudi youth and contributing to fulfilling the increasing demand for residential units.

Earlier this year, JEC had announced the arrival of the biggest and tallest custom-made cranes supplied by Germany’s Liebherr & WolffKran. The enormous yellow lifting devices, known as “climbing cranes,” are designed to accompany the Kingdom Tower’s growth both externally and internally, in the latter case utilizing any of the building’s 58 interior elevator shafts to make the climb.

Commenting further, Mr. Hammoud said: “The Kingdom Tower will have 58 high-speed elevators and the world’s fastest double-decker elevators that travel at 12m/s. The elevators are designed to produce energy while moving, which contributes to energy conservation and environment protection. In addition, the tower is equipped with other services that will make it an international landmark and a global icon of Saudi Arabia’s progress, success and achievements.”

The Kingdom Tower features 170 stories, seven stories of which will be allocated for the five-star Four Seasons Hotel offering 200 rooms and121 luxury serviced apartments, and seven stories for offices. The Tower will also have 61 stories that include 318 housing units of various types, along with amenities that include gyms, spas, cafes and restaurants, two sky lobbies and world’s highest observation decks, located on the 644 meter-height, enabling visitors to view the city of Jeddah and the Red Sea from high in the sky.

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