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"While we were one day sitting with the Messenger of Allah, there appeared before us a man dressed in extremely white clothes and with very black hair. No traces of journeying were visible on him, and none of us knew him. He sat down close by the Prophet rested his knees against the knees of the Prophet... He said, "Inform me about the Hour." He (the Prophet) said, "About that the one questioned knows no more than the questioner." So he said, "Well, inform me about its signs." He said, "They are that the slave-girl will give birth to her mistress and that you will see the barefooted ones, the naked, the destitute, the herdsmen of the sheep (competing with each other) in raising lofty buildings." Thereupon the man went off. I waited a while, and then he (the Prophet) said, "O `Umar, do you know who that questioner was?" I replied, "Allah and His Messenger know better." He said, "That was Jibril. He came to teach you your religion." "
40 Hadith Nawawi 2 The Hadith of Gabriel / Hadith Jibreel

Jeddah Tower / Kingdom Tower

The 170-200 story Jeddah Tower in Jeddah will rise to a height of more than one kilometer, twice as tall as the Empire State Building. It will surpass Dubai's Burj Khalifa, presently the world's tallest building, by nearly 600 feet. The building will have 200 floors and overlook the Red Sea. As per the press release it will require about 5.7 million square feet of concrete and 80,000 tons of steel.The Burj Khalifa is the tallest building in the world. It measures 2,723 feet high and has 163 floors. It took five years to build, and was completed in 2009 in Dubai's main business district.

When plans for the Jeddah Tower were first revealed, it was a symbol of the national and personal prestige of the Saudi royal family and a way to showcase their economic power.But that economic power rests on one resource: oil. The oil price had more than halved since 2014.

The Saudi corporation behind plans for the world's tallest building said in November 2015 it had secured financing to complete the record-breaking project. Kingdom Holding, chaired by Saudi Prince Alwaleed bin Talal, said on Sunday that its affiliate, Jeddah Economic Company, had reached a more than $2bn [SAR8.4 billion] financing deal with Saudi Arabia's Alinma Investment to finish the Jeddah Tower in the Red Sea city. The funding will also be used to develop the first phase of Jeddah Economic City, an urban project surrounding the tower in the Obhur area, north of Jeddah.

Previously dubbed "Kingdom Tower", the 170-story building is to rise more than a kilometer, surpassing Dubai's Burj Khalifa as the world's highest building. Costs for the project had previously been estimated at $1.2bn. Designed by Adrian Smith + Gordon Gill Architecture of Chicago, the original design was to be one-mile-high (1.6 km), but the geology of the area was not suitable for that height. Adrian Smith designed Burj Khalifa while at Skidmore, Owings, and Merrill.

"Alinma Bank will finance the fund, to be managed by Alinma Investment, while Jeddah Economic Company will be the master developer of projects that will draw on the fund's credit lines," the company said in a statement. The $2.24bn fund will also be used to develop the first phase of Jeddah Economic City, an urban project surrounding the tower in the Obhur area, north of Jeddah, the statement added.

In 2014, Alwaleed bin Talal said that the tower, which will feature a hotel, apartments and offices, was slated for completion in 2018. At that time, the four-storey foundations of the building were finished and Alwaleed said "now we are on the verge of building a floor every four days". That pace would have put the skyscraper at around 90 storeys now, but the statement on Sunday said it is "currently at its 26th floor".

Mounib Hammoud, chief executive officer of Jeddah Economic Company, said he expects the project to be finished on time "now that the agreement has been signed and required funds secured". As of 2015 the 3,280-feet (nearly 1 kilometer) skyscraper was scheduled for completion in 2020 and the project was currently built up to the 26th floor.

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Page last modified: 13-12-2015 18:00:19 ZULU