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Construction Works Continues For The World’s Tallest Tower Prince Alwaleed: “This colossal project represents the economic vision of Saudi Arabia’s leadership”

May 15, 2017

 

HRH Prince Alwaleed Bin Talal Bin Abdulaziz Alsaud, Chairman of Kingdom Holding Company (KHC) and Chairman of the Board of Jeddah Economic Company (JEC) visited the project site that will include the highest tower in the world on Thursday 11th May 2017. JEC is the exclusive owner and developer of the units of Al Inma Jeddah Economic City Real Estate Fund set for the development of Jeddah Economic City and Jeddah Tower Projects. The fund is managed by Al Inma Investment Company.

Prince Alwaleed’s visit came within the framework of the scheduled Board meeting and in support of the Project is progress. HRH inspected the progress of the construction works on the tallest tower that has reached the 54th floor. HRH chaired the Board of Directors meeting of Jeddah Economic Company on the site of the project with the Board Members; Mr. Abdulrahman Hassan Sharbatly, Mr. Saleh Bin Laden, Mr. Samaual Bakhsh, Eng. Talal Almaiman and Mr. Hassan Sharbatly. HRH then presided the Board of Directors meeting of Al Inma Jeddah Economic City Real Estate Fund attended by Mr. Abdul Muhsen AlFaris, Dr. Mohamed AlSehiban, Mr. Fouad AlRashid, Mr. Bandar AlTurki, in addition to Jeddah Economic Company Board Members. Following the HRH also held a press conference on the 28th floor of the Tower, and was attended by the local and international media. 

Prince Alwaleed stated that “The goals of the project are in total congruence with the Kingdom’s 2030 Vision in all its aspects; socio-economical and environmental. We are supporting a healthy growth of the local economy by providing the right mixture of business and services in a new city centre which will attract local and foreign investment.”  

Prince Alwaleed added that “The immense efforts and huge investments put in this project are the least we can give back to the Kingdom of Saudi Arabia and its people, in support of the Kingdom’s 2030 Vision that has been put forth through the foresight and wisdom of its leadership. This will set a new standard of urban offerings in the entire region.”

Eng. Talal Al Maiman – CEO of Kingdom Holding and member of JEC Board of Directors – stated “We have calculated more than 30,000 possible job opportunities that Phase 1 of the project will offer, serving all the residential, commercial, cultural, administrative and recreational activities taking place in the city. In few months, these land lots will be ready for developers, complete with services and supporting amenities.”

Mr. Mounib Hammoud – CEO of JEC –stated that “This project has been originally designed to be fully integrated and a smart modern multiuse city centre using the latest technologies and ideas that makes this city a truly “walkable place”. We are offering communities a rich experience of urban living, with a smart distribution of activity nodes that will be developed by JEC like the Central Mall. The remaining parts of Phase 1 will gradually be developed by local and international developers according to the regulations set forth by JEC’s Master plan, and under the company’s direct supervision.”