Thursday, August 4, 2011

Shanghai Tower & Kingdom Tower News

Saudi Arabia is going to build the world's tallest tower, a mixed-use structure that will rise two-thirds of a mile high in the Red Sea port city of Jeddah.  Saudi Prince Alwaleed bin Talal says it will take just over five years to complete.  The building is part of the planned Kingdom City development being built outside Jeddah. "Building this tower in Jeddah sends a financial and economic message that should not be ignored," Prince Alwaleed told reporters. "It has a political depth to it to tell the world that we Saudis invest in our country despite what is happening around us from events, turmoil and revolutions even."  Adrian Smith + Gordon Gill, a Chicago architectural firm, will design the tower, which will include a Four Seasons hotel, apartments, upscale office space, luxury condos, and the world's highest observatory.  Projected at 1,000-meters (3,280-feet) the tower would replace Dubai's 828-meter Burj Khalifa as the tallest tower in the world in five years.  (The Burj Khalifa was built by Emaar Properties for a total cost of $1.5 billion.)  Kingdom Tower will cost about $1.2 billion to construct, while the cost of the entire Kingdom City project is anticipated to be $20 billion.  Saudi Arabia has embarked on multibillion-dollar projects to improve its infrastructure, and will spend over $400 billion, with three consecutive record setting budgets on tap.
Shanghai Tower, due for completion in 2014, is now up to level 50 of the proposed 128, and consists of nine cylinders atop each other.  Features include a double glass facade, and nine indoor "zones" with their own atriums, gardens, restaurants, and retail space.  It will contain the highest hotel in the world, the Jin Jiang Hotel, accessed by elevators moving at over 40 MPH.  Shanghai Tower will join the Jin Mao Tower and Shanghai World Financial Center to form the world's first adjacent grouping of three supertall buildings, next to the Shanghai Shipyard.

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