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Opening Of Saudi Arabia $2B World's Tallest Building Pushed To 2019

The completion date for the world's tallest tower has been pushed back to 2019, a Saudi Arabian billionaire said yesterday, almost six years after launching the record-breaking project.

Jeddah Tower is to rise more than a kilometre (almost 3,300 feet), placing it above Dubai's Burj Khalifa.

'The project was delayed but it'll open in 2019,' Prince Alwaleed bin Talal told AFP during a visit to the site beside the Red Sea.




A HISTORY OF THE JEDDAH TOWER.


Once dubbed 'Kingdom Tower', the 170-storey building is to rise more than a kilometre (almost 3,300 feet), surpassing Dubai's Burj Khalifa as the world's highest building.

It will feature a hotel, apartments and offices.

Prince Alwaleed first announced plans for the tower in August 2011, saying it would take 36 months to build after the start of construction.

By November 2014, a four-storey foundation was in place and Prince Alwaleed said the building would be finished in 2018.

But that was before the kingdom felt the full force of a drop in oil revenues.

In November 2015, Kingdom Holding said Jeddah Economic Company had reached a financing deal with Saudi Arabia's Alinma Investment to finish theJeddah Tower, which then had 26 floors.

Now the project has been pushed back to the end of 2019.






The skyscraper is intended to be the centre piece of the Kingdom City development beside the Red Sea and will have 170 floors, most of which willbe habitable. 

This is an image of what it might be like to look down on the structure.


The tower will feature a stunning viewing deck allowing visitors to walk around an 'air park'.



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