JEDDAH – Prince Alwaleed Bin Talal, Chairman of Kingdom Holding Company (KHC), visited Jeddah Economic Company (JEC) project site that will include the highest tower in the world, KHC said in a statement Monday. He observed the piling works being done by Saudi Bauer Company. He was was briefed on its construction plans and phases. Recently Alwaleed, headed the 4th board of directors meeting of Jeddah Economic Company in Riyadh with board members Abdulrahman Hassan Sharbatly, Saleh Bin Laden, Samaual Bakhsh and Eng. Talal Almaiman. Al Maiman, Executive Director, Development and Domestic Investments, Chairman and CEO of Kingdom Real Estate Development Company (KRED), a board member of KHC and JEC, updated the board about the final agreement with the Four Seasons relating to operating the luxury designed hotel in the world's tallest tower which will be more than 1,000 meters high, and valued at SR4.6 billion. Eng. Waleed Batterjee, CEO, JEC briefed the board about the status of the project and presented them with the progress of the piling works being done by Saudi Bauer Co. The board also reviewed Memoranda of Understanding relating to infrastructure and services for the project including electricity, water and district cooling. – SG
