Plus, it will be 10 degrees Celsius cooler than the rest of the GCC. Oxagon aims to be the world’s largest floating industrial complex, while The Line aims to be a 170km-long residential complex with zero cars, zero streets and zero carbon emissions. Other projects at Neom include Oxagan and The Line. Plus, Neom aims to start welcoming visitors from 2024, and is hoping to attract tourists, businesses as well as residents. If you want to marvel at Mirror Line, you’ll have to wait, as it will be completed by 2030. Upon completion, it will be connected by walkways and a high-speed train will run underneath the structure. It is reported that the American company, Morphosis Architects, and nine other design agencies are working on the project. Plus, it will be the fairest skyscraper of them all, as it will be made out of mirrored glass. News Saudi firm secures funding for world’s tallest building The 170-storey building in Jeddah will rise to a height of more than one kilometre, surpassing Dubai’s Burj Khalifa. Mirror Line is expected to run through the Gulf of Aqaba, a mountain range and the coastline. Renderings depicted in planning documents for The Line show a structure that runs from the Gulf of Aqaba and bisects a mountain range that moves alongside the coast. Following the recent announcement, the city is certainly living up to its name, which is a combination of the Greek word new and the Arabic word for future. Neom will be the size of Belgium and sit north of the Red Sea coastline. Neom is one of the kingdom’s most ambitious giga-projects, and forms part of His Royal Highness Crown Prince Mohammed bin Salman’s Saudi Vision 2030. The structure will be a record-breaking 121 km-long, and comprise of two buildings up to 490 metres tall. Now, it will also be home to the world’s longest skyscraper: Mirror Line. Saudi Arabia’s Neom sounds like one of the world’s most futuristic cities, as it plans to have flying taxis, a fake moon and glow-in-the-dark beaches. Kingdom Holding has shares in the Euro Disney theme park, Apple, News Corporation and US banking giant Citigroup, among other firms.Neom will be home to the 121 km-long mirrored structure. Prince Alwaleed announced in May 2017 that the project had been delayed again until 2019. Prince Alwaleed first announced plans to build the tower in August 2011, saying it would take 36 months to build after the start of construction. The company, which has developed other prominent buildings in Saudi Arabia, was founded more than 80 years ago by the father of deceased Al-Qaeda leader Osama bin Laden.īinladin Group late last year said it had completed payment to 70,000 laid-off employees. The project contractor Saudi Binladin Group was among construction firms in the kingdom that suffered heavy financial losses after a collapse in oil revenues in 2014. The City is an urban project surrounding the tower in the Obhur area north of Jeddah. Jeddah Tower's construction fits into Saudi Arabia 2030, a government plan that aims to diversify the economy in the kingdom and reduce its dependence on oil.ĭelays and an oil price crash have skyrocketed the total cost to at least £1.5 billion ($2 billion) The building, which will remain a concrete and steel skeleton until its windows are added later into the build process, has climbed to 266 metres (870 ft) of the tower's eventual 1,006 metre (3,300 ft) height. In May 2017 it was announced the project had been pushed back again to the end of 2019.Īs of February 2018, engineers have laid down 66 of the Jeddah Tower's 170 storeys. In November 2015, Kingdom Holding said Jeddah Economic Company had reached a financing deal with Saudi Arabia's Alinma Investment to finish the Jeddah Tower, which then had 26 floors. He claimed it would take 36 months to build after the start of construction, with an estimated cost of £900 million ($1.2 billion).īy November 2014, a four-storey foundation was in place and Prince Alwaleed said the building would be finished in 2018.īut that was before the kingdom felt the full force of a drop in oil revenues. Saudi Billionaire Prince Prince Alwaleed bin Talal first announced plans for the tower in August 2011. It will feature a hotel, apartments and offices. 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. Saudi Arabia's Jeddah Tower is set to break the record as the world's tallest building when it is completed next year. The city of Jeddah has many different amazing attractions and beautiful places to see, but the main highlight will be the Jeddah Tower once it is completed. Increased government spending and progress on giga-project developments are providing a catalyst for future investment opportunities in Saudi Arabia. Saudi Arabia's Jeddah Tower is set to break the record as the world's tallest building when it is completed next year
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