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Press Release: Prince Alwaleed signs SR4.6bn contract for world's tallest 1,000 meters tower 1st phase of Jeddah Development

Chairman of Kingdom Holding Company, HRH Prince Alwaleed Bin Talal Bin Abdulaziz Alsaud, who initiated and has been the driving force behind the decision to build the world's tallest building in the Kingdom of Saudi Arabia, is pleased to announce on 2nd August 2011, that the contract for construction has been signed and Kingdom Tower, with a height of over 1,000 meters, will begin construction imminently in Jeddah, Saudi Arabia.

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