Jeddah Economic City

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Jeddah Economic City
LocationJeddah, Saudi Arabia
StatusUnder construction
Constructed2016
Estimated completion2018
Companies
ArchitectHOK Architects
OwnerAl-Waleed bin Talal
Kingdom Holding Company
Technical details
Cost$20 billion (SR75 billion)
Size5,202,570 m2 (56,000,000 sq ft) (originally 23,000,000 m2 (247,569,940 sq ft))

Jeddah Economic City, previously known as Kingdom City, is a 5,202,570 m2 (56,000,000 sq ft) (2 square mile) project approved for construction in Jeddah, Saudi Arabia.[1] The project is designed by the Kingdom Holding Company, a firm owned by Prince Al-Waleed bin Talal.[1] Jeddah Economic City will host both commercial and residential development including homes, hotels, and offices.[1][2]

The centerpiece of the development will be Jeddah Tower, planned to be the tallest building in the world upon its completion.[2] The entire project is estimated to cost $20 billion (SR75 billion).[3] Jeddah Economic City is a three-phase project. Jeddah Tower will be built in phase one, infrastructure for the project will be created in phase two, the third phase will be the profits.[4]

References[edit]

  1. ^ a b c "8.4 billion real estate deal objective is to develop Jeddah Tower and the Jeddah Economic City". Kingdom Holding Company. 29 November 2015. Retrieved 30 November 2015.
  2. ^ a b Dolan, Kerry A. (13 October 2008). "Saudi Prince Aims For The Sky". Forbes. Archived from the original on 23 January 2013. Retrieved 16 August 2011.
  3. ^ Matthews, Stuart. "City of the hyper tall". Construction Week Online. ITP Business Publishing. Retrieved 16 August 2011.
  4. ^ Roberts, Ben (13 August 2011). "Crown of the Kingdom". ConstructionWeekOnline. Retrieved 13 August 2011.