RIYADH: Prince Alwaleed Bin Talal, chairman of Kingdom Holding Company (KHC), has expressed his utmost happiness at the launch of Kingdom City and Kingdom Tower in Jeddah. The twin project was inaugurated by Custodian of the Two Holy Mosques King Abdullah on Saturday.
“KHC has many grand investments in real estate in Saudi Arabia and this is one of them. We are extremely delighted at the unveiling of the designs and plans of KHC’s iconic Kingdom City and Kingdom Tower projects. It will signify KHC’s contribution in placing Saudi Arabia at the forefront of the First World and reaffirming KHC as one of the world’s leading real estate developers.”
The unveiling of the designs and plans of the tower that will adorn Jeddah and will be over 1,000 meters high, was held at the opening of a major international architectural exhibition “Toward the First World” in Jeddah on Saturday. KHC was the main sponsor of this historical event. The exhibition features 16 projects currently planned for the Makkah and Jeddah regions.
Kingdom Tower is part of the Kingdom City development which will be one of the largest and most comprehensive real estate projects to be built in Saudi Arabia located at Obhur, North of the creek of Jeddah and the mountains to the east. Prominently located on a prime site, the master plan, encompasses 7.1 sq km (1,750 acres). Kingdom City is 20 km from the old city.
Kingdom City is expected to house 80,000 residents and accommodate 250,000 visitors who will enjoy its facilities; lakes, canals, water sports and other leisure activities.