BurjKhalifa has a competitor now

BurjKhalifa has a competitor now
26/12/2018 , by , in INTERNATIONAL

Jeddah Tower is to rise more than a kilometre (almost 3,300 feet), placing it above Dubai’s BurjKhalifa.

“The project was delayed but it’ll open (in) 2019,” Prince Alwaleed bin Talal told media. The completion date for the world’s tallest tower has been pushed back to 2019, a Saudi Arabian billionaire said, almost six years after launching the record-breaking project.

Alwaleed chairs Kingdom Holding Co whose affiliated Jeddah Economic Company is developing the spire-topped landmark.

The project contractor Saudi Binladin Group was among construction firms in the kingdom that suffered financially after a collapse in oil revenues from 2014.

Alwaleed first announced plans for the tower in August 2011, saying it would take 36 months to build after the start of construction.

By November 2014, a four-storey foundation was in place and Alwaleed said the building would be finished in 2018.

But that was before the kingdom felt the full force of a drop in oil revenues. The project is now slated for completion in 2019.

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