Emaar to build 1.1km tall tower

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Emaar Properties has won the contract to build a tower higher even than its own Burj Dubai, at present the world’s tallest building.

In a deal worth 100 billion Saudi riyals (US$26.6bn, Dh98bn), Kingdom Holding chose Emaar from a list of five bidders to build the 1,100m tower and surrounding Kingdom City in Jeddah, according to a statement on the Kingdom website yesterday.

“The alliance between Kingdom Holding Company and Emaar is strategic,” said Prince Alwaleed bin Talal bin Abdulaziz Alsaud, the chairman of Kingdom Holding.