Saudi Arabia plans world’s tallest tower

[kwc57]

I wonder if some Christians trained in US terrorist camps will move to Saudia Arabia, live among the people, hatch a plan to hijack a plane and fly it into this building? Oh wait, Saudia Arabia doesn't allow infidels into their country and we don't do shit like that anyway. Never mind.

Saudi Arabia plans world’s tallest tower - FT.com

Saudi Arabia’s Prince Alwaleed bin Talal’s investment vehicle, Kingdom Holding, has announced that an associate company will partner with the country’s Bin Laden Group to build a tower near Jeddah that would replace Dubai’s 828m Burj Khalifa as the world’s tallest building.

The associate company, Jeddah Economic Co, signed the SR4.6bn ($1.23bn) contract with the Bin Laden Group, a construction company, that will also own a 16.63 per cent stake in the company. Kingdom Co will hold 33.35 per cent.

The 1km-tall building will include a Four Seasons hotel and apartments, luxury condominiums and offices. The tower is the first phase of the 5.3m square metre Kingdom City development to be built north of the Red Sea city of Jeddah, according to a statement on the Saudi bourse, Tadawul.........

 

[Douger]

Makes no difference. It's impossible for a jumbo jet to take down ANY relatively modern hi-rise. Rebuild a couple floors and start back up.

 

[ReginaG]

i thought it was postponed.??

 

[You_Want_Me]

Israel will knock it down! That's what I love about the Jews, they can sure fuck up a Muslims day!

 

[Si modo]

Israel will knock it down! That's what I love about the Jews, they can sure fuck up a Muslims day!

Fucking trolls.

 

[masquerade]

The story won't open for me. Is this the same prince who had his name written in the dessert, so big it could be seen from space?

 

[kwc57]

The story won't open for me. Is this the same prince who had his name written in the dessert, so big it could be seen from space?

Well son of a gun. It opened and then it popped up a free registration window in front of the story. When I clicked past it, it went to FT's main page. But to answer your question, no it isn't the same guy.

Here is a different link.

http://www.foxnews.com/world/2011/08/03/worlds-next-tallest-building-to-be-built-by-bin-laden-group/

 

[waltky]

Uncle Ferd says first good-sized earthquake an' it all gonna come tumblin' down...

Offices stand empty in tallest tower, the Burj Khalifa
21 July 2012 - The Burj Khalifa is famous across Dubai, and beyond

When the world's tallest building opened in January 2010, the Burj Dubai was, at the last minute, named the Burj Khalifa - a gesture to the Abu Dhabi royal family which had given its neighbour a debt bailout lifeline of $20bn (£12.7bn; 16.4bn euros). It was just weeks after Dubai's financial crash - a pretty bad time to open an 828m-high tower based around an Armani-branded hotel, an observation deck, 900 luxury apartments and 37 floors of office suites. Today, the hotel is regularly fully booked by guests from the oil-rich Gulf and beyond.

Meanwhile, tourists pay up to 400 dirhams (£69; $108; 88 euros) to be whisked to the 124th floor for views across the desert and perhaps to buy a Mission Impossible-style photo, taken in the building which Tom Cruise brought to the Hollywood big screen. And, despite Dubai's well-publicised property downturn, about 80% of those luxury flats in the Burj are occupied, with prices jumping 10% in the past year. But for the offices, it is a less rosy picture. No official figures are given by developer Emaar. But industry experts say that while all were sold in the boom years, well before the building was completed, about two-thirds of the offices - more than 20 floors - are not occupied.

'Glitzy'

Practical reasons include the price of rent, which, according to Alan Robertson, Middle East chief executive of property specialists Jones Lang LaSalle, is "twice that of equally good properties 50m away". The tall, spindly design means floor space is limited, he adds, meaning big companies would need several storeys, something also complicated because each level has a different owner.

And, in an age where big business is under such scrutiny, Mr Robertson says some international firms, such as large banks, do not see it as an appropriate place to be based. "The Burj Khalifa is a global icon, and a fantastic and prestigious address. But that's not the kind of image a lot of multi-national corporates want to portray these days," says Mr Robertson. "They want to be seen as sensible and business-like, not over-the-top and glitzy."

More BBC News - Offices stand empty in tallest tower, the Burj Khalifa

 

[blastoff]

Now just a few more flight training centers there in the homeland and they won't have to outsource so much of the next attack.

 

[waltky]

Granny says mebbe dey better come up with a sewage system first...

Dubai makes bid to be City of Gold
Jan 5,`13 -- Dubai is sometimes called the "City of Gold" because of its stunning growth from a sleepy Gulf port to a world-famous business crossroads in the space of a single generation. Its nickname has a literal meaning for traders in the precious metal.

The city is building itself up as a center for the gold trade, between sources in Africa and consumers in the rising economies of China and India. Dubai now has about a 29 percent market share of global gold trade with nearly 1,200 tons - worth about $41 billion - changing hands at the city's gold markets, according to the gold industry website bullionstreet.com. That's up from around $6 billion worth traded in the emirate in 2003, said Malcolm Wall Morris, CEO of Dubai Multi Commodities Centre, set up by the emirate to oversee the trade. "There's no doubt the geographical location of Dubai has played an important factor," he said.

Dubai's tax-free status has made it one of the cheapest places to buy gold in the world. The emirate has set up gold refineries and vaults and jewelry-making facilities, importing gold - including scrap from India - and melting it down to produce gold bars. At the Dubai Gold and Commodities Exchange, traders and speculators buy and sell the metal on the futures market. Gold prices remained relatively steady in 2012, close to $1,700 an ounce. Some traders predict prices could once again rise toward the record high of nearly $1,900 an ounce, as central governments and investors look to gold as a safe bet in the unsteady world economy.

The city has also become a retail center with 600 shops selling gold - half of them crammed into the gold souq, drawing tourists, traders and local residents. Lola Oyekola, from Lagos, Nigeria, came to Dubai especially to buy gold. "Because I know I will get what I want, unique ones," she said. "I can tell them what I want and they will make it for me."

Source

See also:

The modern Arab world:

You have seen those architectural wonders of Dubai. However, none are hooked up to a sewer system!

The two minute video below passes a line of poop trucks and never gets to the end of the line. What were these people thinking? Unbelievable amount of sewage generated by the new high-rises & no place to dispose of it. Camel sense seems about right!

Dubai doesn't have a sewage system for all those big new buildings so they haul it all away. Look at the number of tank trucks that are waiting to dump their load. This is amazing. They wait for days.

You would have thought that by building all those huge skyscrapers they would have enough sense to put in a sufficient sewage system to haul away all that crap. Obviously, not everything you see above ground that looks amazingly beautiful isbuilt on a well-planned system of utilities.

Click on this link:

Poop trucks of Dubai