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Alwaleed’s Kingdom to build world’s tallest tower

Alwaleed’s Kingdom to build world’s tallest tower

Kingdom Holding, owned by Prince Alwaleed bin Talal, said on Tuesday an associate firm signed a contract worth 4.6 billion riyals ($1.23 billion) with Bin Laden Group to build the world's tallest tower in Jeddah.

August 2, 2011 12:04 by



33.35 percent stake while businessman Abdurrahman Sharbatly will own 16.67 percent.

Last month, Kingdom reported a 21-percent rise in second-quarter net profit helped by higher income from its investments. (Reporting by Dinesh Nair; Editing by Amran Abocar)

Table from: biggerpockets.com



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