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  #1  
Old 02-08-2011, 04:23 PM
S.Y.E.D S.Y.E.D is offline
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Aug 2 (Reuters) - Kingdom Holding , owned by Saudi billionaire 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.

The proposed tower will stretch a kilometre high and include a hotel, serviced apartments, luxury condominiums and offices, Kingdom said in a statement.

If completed, the tower will replace Dubai's Burj Khalifa, standing 828 metres tall, as the tallest tower in the world. The Burj Khalifa was built by Emaar Properties for a total cost of $1.5 billion.

The tower is part of the first phase of Kingdom City, which is being built north of the Red Sea port city.

Kingdom said the associate firm, Jeddah Economic Co., will be 16.63 percent-owned by the Bin Laden Group while Kingdom will hold a 33.35 percent stake in the venture.

Abrar International Holding Co. will also have a 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)
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Old 02-08-2011, 04:31 PM
dme30 dme30 is offline
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Bin Laden Group? huhuhu..
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Old 02-08-2011, 06:58 PM
Viere Viere is offline
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Aduss.. Pakat dok lawan wat menara paling tinggi. Hurmm.. Abes la. Dunia akhir zaman dah.
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Old 02-08-2011, 06:59 PM
wokyoh fx wokyoh fx is offline
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Aduss.. Pakat dok lawan wat menara paling tinggi. Hurmm.. Abes la. Dunia akhir zaman dah.
betul tu salah satu perkara akhir zaman ..
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Old 02-08-2011, 07:00 PM
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Bin Laden Group? huhuhu..
Dah lama dah Bin Laden Group amik kontrek cleaner Mekah dan Madinah.
Bayarannya 1 riyal sahaja !
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Old 02-08-2011, 08:00 PM
crown9916 crown9916 is offline
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kayo mamat tu
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Old 02-08-2011, 08:17 PM
zulqarnain zulqarnain is offline
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baik la duit tu buat biaya ketenteraan Palestin. ada jugak manfaatnya.
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Old 02-08-2011, 10:16 PM
tokebalak tokebalak is offline
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hmm... sana ada ulama pown x tegur kerajaan.. wahabi
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