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The latest from Prince Alwaleed
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PostPosted: Sun Oct 20, 2013 10:54 pm    Post subject: The latest from Prince Alwaleed Reply with quote

One of the World's "most interesting men," after an intense search for a suitable location for a mega-project featuring homes, offices and luxury hotel, Prince Alwaleed bin Talal announced he plans to fund the development of a $1.2 billion Kingdom City in Jeddah that will feature the World's tallest building. The Kingdom Tower will stand more than 3,281 feet and encompass 5.3 million square meters overlooking the Red Sea and Obhur Creek. Partnering with Alwaleed in the development is the Saudi Binladin Group, the largest construction firm in Saudi Arabia. The Binladin Group holds a 17% stake in the project along with bin Talal's Kingdom Holding and Abrar International Holding Co., each of which owns a third of the stock, and Abdurrahman Sharbatly, holding the remaining 17% of the project. The media has also been in a frenzy over the Prince's links to a $4.8 million mercedes Benz SL600. The car designed by Garson/D.A.D., is encrusted with diamonds and Swarovski crystals and is one of two created several years ago as a concept car. By linking the car to the controversial Prince, popularity of the car has skyrocketed in recent months.

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