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The Fight For Freedom in Burma

ANTI-MILITARY DICTATORSHIP IN MYANMAR/BURMA 2015 - no.0491

World's biggest tower gets the go ahead: Saudi developer secures funds to complete $2bn Jeddah City 3,280ft
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The Fight For Freedom in Burma

World's biggest tower gets the go

ahead: Saudi developer secures funds
to complete $2bn Jeddah City 3,280ft
skyscraper

Previously dubbed 'Kingdom Tower', 170-storey tower

rise more than 1km

Will surpass Dubai's Burj Khalifa as the world's highest

building

By Afp
Published: 20:03 GMT, 30 November 2015 | Updated: 01:21 GMT, 1 December 2015

The Saudi developer behind plans for the world's tallest building said
Sunday it had secured financing to complete the record-breaking
project.
Kingdom Holding Co, chaired by billionaire Saudi Prince Alwaleed bin
Talal, said its affiliate Jeddah Economic Company had reached a more
than $2 billion (1.9 billion euro) financing deal with Saudi Arabia's
Alinma Investment to finish the Jeddah Tower in the Red Sea city.
Previously dubbed 'Kingdom Tower', the 170-storey building is to rise
more than a kilometre (almost 3,300 feet), surpassing Dubai's Burj
ANTI-MILITARY DICTATORSHIP IN MYANMAR/BURMA 2015 - no.0491
World's biggest tower gets the go ahead: Saudi developer secures funds to complete $2bn Jeddah City 3,280ft
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The Fight For Freedom in Burma

Khalifa as the world's highest building. Costs for the project had
previously been estimated at 4.6 billion riyals ($1.2 billion).
The Burj Khalifa, by comparison, stands at 2,716 feet. New York City's
Freedom Tower, currently the fifth tallest in the world, is dwarf-like at
1,792 feet.
'Alinma Bank will finance the fund, to be managed by Alinma
Investment, while Jeddah Economic Company will be the master
developer of projects that will draw on the fund's credit lines,' the
statement said. The 8.4 billion riyal ($2.24 billion) fund, compliant
with Islamic sharia law, will also be used to develop the first phase of
Jeddah Economic City, an urban project surrounding the tower in the
Obhur area north of Jeddah, the statement said.
Alwaleed said a year ago that the tower, which will feature a hotel,
apartments and offices, was slated for completion in 2018.

ANTI-MILITARY DICTATORSHIP IN MYANMAR/BURMA 2015 - no.0491

World's biggest tower gets the go ahead: Saudi developer secures funds to complete $2bn Jeddah City 3,280ft
skyscraper

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The Fight For Freedom in Burma

INDEX - TAG
AUNG SAN SUU KYI,MYANMAR, BURMA, GENERAL AUNG SAN, GENERAL NE WIN, SENIOR GENERAL SAW MAUNG, SENIOR
GENERAL THAN SHWE, GENERAL THEIN SEIN, GENERAL TIN OO, NLD, HUMANRIGHTS IN MYANMAR/BURMA, MILITARY
DICTORSHIP IN MYANMAR/BURMA, CEASEFIRE AND PEACE IN MYANMAR/BURMA, YANGON, RANGOON, MANDALAY, SHAN, UWSA
WA, KACHIN, CHINA-MYANMAR RELATIONS, INDIA-MYANMAR RELATIONS, THAILAND-MYANMAR RELATIONS, BANGALADESHMYANMAR RELATIONS, HISTORY OF BURMA, HISTORY OF MYANMAR, HISTORY OF SOUTH EAST ASIA, RANGOON, YANGON,
MANDALAY, NAYPYITAW, BAGAN,

CIVIL WAR IN MYANMAR/BURMA

SCRIBD.COM A5

ANTI-MILITARY DICTATORSHIP IN MYANMAR/BURMA 2015 - no.0491

World's biggest tower gets the go ahead: Saudi developer secures funds to complete $2bn Jeddah City 3,280ft
skyscraper