The Kingdom Tower or (Arabic: : برج المملكة Burjul Mamlakah), previously known as Mile-High Tower (Arabic: ), is a supertall skyscraper approved for construction in Jeddah, Saudi Arabia at a preliminary cost of SR4.6 billion (US$1.23 billion). It will be the centerpiece and first phase of a SR75 billion (US$20 billion) proposed development known as Kingdom City that will be located along the Red Sea on the north side of Jeddah.
Actual Value - 15billion US Dollar
Client - Jeddah Economic Company (JEC)
Main Contractor - Prince Alwaleed bin Talal
Consultants - Main Consultant: Adrian Smith & Gordon Gill Architecture
Country - Jeddah Saudi Arabia
Category - Tower Building
Estimated finish - 2011 to 2018
Status - under construction
The project calls for construction of a Mile Tower which is a skyscraper in Jeddah, Saudi Arabia. The height of the skyscraper is around 1600 metres. The Mile Tower is a mixed use tower includes apartments, hotels, commercial shops and malls. The skyscraper will be the tallest skyscraper in the world.
The partners of JEC are Kingdom Holding Company, Mr. Samaual Bakhsh, Abraar, International Holding Company, prominent Jeddah businessmen Mr. Abdulrahman Hassan Sharbatly and Saudi Bin Laden Group (SBG). The capital of JEC is made up of SR8.8 billion in land value, assets that are SR7.3 billion, plus SR1.5 billion in cash contributed by SBG that further demonstrates their confidence in this extensive project.