Dubai's Burj Khalifa has only five years left as the world's tallest building if Kingdom Tower, a kilometre-tall skyscraper in Jeddah, Saudi Arabia, goes ahead as planned.
Yesterday the developers planning to build the world’s latest tallest building appointed The Shard builder Mace and EC Harris, the project manager behind Abu Dhabi’s largest hotel complex, to manage construction of the US$1.2 billion (Dh4.4bn) Kingdom Project to the north of Saudi Arabia’s second-largest city.
Jeddah Economic Company (JEC) also appointed the EC Harris and Mace joint venture to provide commercial and design management for the development, which when completed will be higher than Dubai’s Burj Khalifa and four times the size of The Shard in London.
The 500,000 square metre tower will include a Four Seasons hotel, serviced apartments, offices, flats and the world’s highest observatory.
Construction work is due to start on site on April 1 and is expected to be completed 63 months later in 2018.
JEC comprises Prince Al Waleed bin Talal’s Kingdom Holding Company, which owns a 33.35 per cent stake, Saudi Binladin Group, the largest construction firm in the world, which owns a 16.63 per cent stake, Abraar International Holding Company, represented by Samaual Bakhsh, with a stake of 33.35 per cent, and the prominent Jeddah businessman Abdulrahman Hassan Sharbatly with a stake of 16.67 per cent.
“The vision of constructing the tallest tower in the world in Jeddah belongs to HRH Prince Al Waleed bin Talal,” said Waleed Abdul Jaleel Batterjee, the chief executive of JEC.
“His vision is also that the project itself will set the world’s sights on our beloved Kingdom of Saudi Arabia and particularly on Jeddah. Furthermore, the project will help create hundreds of jobs for our Saudi countrymen.”
Mr Batterjee added that JEC is also in final negotiations for the appointment of a UK-based quantity surveying firm.
“Kingdom Tower is a project of international importance and immense ambition,” said Mark Reynolds, the chief executive of Mace. “Prince Al Waleed bin Talal’s vision … will secure international recognition for the kingdom’s economic and cultural status.”
“The Kingdom Tower is a landmark building that will clearly demonstrate Saudi Arabia’s ambitions to the world,” added Keith Brooks, the head of property and social infrastructure at EC Harris.
Kingdom Tower will be the centrepiece of Jeddah’s $20bn Kingdom City development, a 5.3 million square metres project that was originally announced in 2008.
The following year it announced that Dubai's Emaar Properties would develop the tower and supervise its construction although the tie-up appears to have been shelved.
Kingdom City will comprise homes, shops, hotels and schools located around a series of lakes and canals.
During the global financial crisis Kingdom officials consistently denied reports the tower had been cancelled and in 2011 announced that it had signed a 4.6bn Saudi riyal (Dh4.5bn) deal with Saudi Binladin Group to build the tower, which included SBL taking a stake in the mega scheme.
The tower was designed by Chicago-based Adrian Smith + Gordon Gill Architecture in 2011. Dar Al-Handasah was appointed as supervision consultant, Saudi Baeur as pilling contractor and Saudi Binladin Group as the main contractor. Kingdom Holding is controlled by Prince Al Waleed, one of the world’s richest men.
He has repeatedly refused to specify the exact planned height of the Kingdom Tower to avoid tipping off competitors.
Prince Al Waleed is a major investor in some of the biggest companies in the world, including Citigroup, Apple, PepsiCo, Procter & Gamble and Four Seasons Hotels.
Kingdom Holding is also the second-biggest shareholder in Rupert Murdoch’s News Corp.
MISSION: IMPOSSIBLE – FINAL RECKONING
Director: Christopher McQuarrie
Starring: Tom Cruise, Hayley Atwell, Simon Pegg
Rating: 4/5
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The biog
Favourite pet: cats. She has two: Eva and Bito
Favourite city: Cape Town, South Africa
Hobby: Running. "I like to think I’m artsy but I’m not".
Favourite move: Romantic comedies, specifically Return to me. "I cry every time".
Favourite spot in Abu Dhabi: Saadiyat beach
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Emirates (www.emirates.com) flies directly to Hanoi, Vietnam, with fares starting from around Dh2,725 return, while Etihad (www.etihad.com) fares cost about Dh2,213 return with a stop. Chuong is 25 kilometres south of Hanoi.
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The biog
Title: General Practitioner with a speciality in cardiology
Previous jobs: Worked in well-known hospitals Jaslok and Breach Candy in Mumbai, India
Education: Medical degree from the Government Medical College in Nagpur
How it all began: opened his first clinic in Ajman in 1993
Family: a 90-year-old mother, wife and two daughters
Remembers a time when medicines from India were purchased per kilo
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Director: Shankar
Stars: Ram Charan, Kiara Advani, Anjali, S J Suryah, Jayaram
Rating: 2/5
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RedCrow Intelligence Company Profile
Started: 2016
Founders: Hussein Nasser Eddin, Laila Akel, Tayeb Akel
Based: Ramallah, Palestine
Sector: Technology, Security
# of staff: 13
Investment: $745,000
Investors: Palestine’s Ibtikar Fund, Abu Dhabi’s Gothams and angel investors
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Gary Lineker 48
Jimmy Greaves 44
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Most sought after workplace benefits in the UAE
- Flexible work arrangements
- Pension support
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The specs
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Power: 201hp at 5,200rpm
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Fuel consumption: 8.7L/100km
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March 12-16: Second Test, Karachi
March 21-25: Third Test, Lahore
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March 31: Second ODI, Rawalpindi
April 2: Third ODI, Rawalpindi
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MATCH INFO
Newcastle United 2 (Willems 25', Shelvey 88')
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Power: 464hp at 5,200rpm
Torque: 790Nm from 2,000-3,600rpm
Transmission: 10-speed auto
Fuel consumption: 11.7L/100km
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Key facilities
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- Premier League-standard football pitch
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- NBA-spec basketball court with auditorium
- 600-seat auditorium
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The biog
Hometown: Birchgrove, Sydney Australia
Age: 59
Favourite TV series: Outlander Netflix series
Favourite place in the UAE: Sheikh Zayed Grand Mosque / desert / Louvre Abu Dhabi
Favourite book: Father of our Nation: Collected Quotes of Sheikh Zayed bin Sultan Al Nahyan
Thing you will miss most about the UAE: My friends and family, Formula 1, having Friday's off, desert adventures, and Arabic culture and people
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Fixtures
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The utilitarian robe held dear by Arab women is undergoing a change that reveals it as an elegant and graceful garment available in a range of colours and fabrics, while retaining its traditional appeal.
Brief scores:
Toss: Sindhis, elected to field first
Pakhtoons 137-6 (10 ov)
Fletcher 68 not out; Cutting 2-14
Sindhis 129-8 (10 ov)
Perera 47; Sohail 2-18
WHAT IS GRAPHENE?
It was discovered in 2004, when Russian-born Manchester scientists Andrei Geim and Kostya Novoselov were experimenting with sticky tape and graphite, the material used as lead in pencils.
Placing the tape on the graphite and peeling it, they managed to rip off thin flakes of carbon. In the beginning they got flakes consisting of many layers of graphene. But when they repeated the process many times, the flakes got thinner.
By separating the graphite fragments repeatedly, they managed to create flakes that were just one atom thick. Their experiment led to graphene being isolated for the very first time.
In 2010, Geim and Novoselov were awarded the Nobel Prize for Physics.
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TYPES%20OF%20ONLINE%20GIG%20WORK
'My Son'
Director: Christian Carion
Starring: James McAvoy, Claire Foy, Tom Cullen, Gary Lewis
Rating: 2/5
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Creator: Mike White
Starring: Walton Goggins, Jason Isaacs, Natasha Rothwell
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School uniforms report
'Saand Ki Aankh'
Produced by: Reliance Entertainment with Chalk and Cheese Films
Director: Tushar Hiranandani
Cast: Taapsee Pannu, Bhumi Pednekar, Prakash Jha, Vineet Singh
Rating: 3.5/5 stars
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5pm: UAE Martyrs Cup (TB) Conditions Dh90,000 2,200m
Winner: Mudaarab, Jim Crowley (jockey), Erwan Charpy (trainer).
5.30pm: Wathba Stallions Cup (PA) Handicap Dh70,000 1,400m
Winner: Jawal Al Reef, Richard Mullen, Hassan Al Hammadi.
6pm: UAE Matyrs Trophy (PA) Maiden Dh80,000 1,600m
Winner: Salima Al Reef, Jesus Rosales, Abdallah Al Hammadi.
6.30pm: Sheikha Fatima bint Mubarak (IFAHR) Apprentice Championship (PA) Prestige Dh100,000 1,600m
Winner: Bainoona, Ricardo Iacopini, Eric Lemartinel.
7pm: Sheikha Fatima bint Mubarak (IFAHR) Ladies World Championship (PA) Prestige Dh125,000 1,600m
Winner: Assyad, Victoria Larsen, Eric Lemartinel.
8pm: Sheikh Zayed bin Sultan Al Nahyan Jewel Crown (PA) Group 1 Dh5,000,000 1,600m
Winner: Mashhur Al Khalediah, Jean-Bernard Eyquem, Phillip Collington.
Zimbabwe v UAE, ODI series
All matches at the Harare Sports Club
- 1st ODI, Wednesday, April 10
- 2nd ODI, Friday, April 12
- 3rd ODI, Sunday, April 14
- 4th ODI, Sunday, April 16
Squads:
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- Zimbabwe: Peter Moor (captain), Solomon Mire, Brian Chari, Regis Chakabva, Sean Williams, Timycen Maruma, Sikandar Raza, Donald Tiripano, Kyle Jarvis, Tendai Chatara, Chris Mpofu, Craig Ervine, Brandon Mavuta, Ainsley Ndlovu, Tony Munyonga, Elton Chigumbura
Tree of Hell
Starring: Raed Zeno, Hadi Awada, Dr Mohammad Abdalla
Director: Raed Zeno
Rating: 4/5
Jigra
Greatest of All Time
JOKE'S%20ON%20YOU
How to watch Ireland v Pakistan in UAE
When: The one-off Test starts on Friday, May 11
What time: Each day’s play is scheduled to start at 2pm UAE time.
TV: The match will be broadcast on OSN Sports Cricket HD. Subscribers to the channel can also stream the action live on OSN Play.
Guide to intelligent investing
- Stay invested: Time in the market, not timing the market, is critical to long-term gains.
- Rational thinking: Breathe and avoid emotional decision-making; let logic and planning guide your actions.
- Strategic patience: Understand why you’re investing and allow time for your strategies to unfold.