21:02 GMT +323 September 2019
Listen Live
    Business

    Saudi Tycoon Eyes Moscow as Site for World’s Tallest Building

    Business
    Get short URL
    0 24
    Subscribe

    Saudi billionaire Prince Alwaleed bin Talal may build a mile-high skyscraper in Moscow, which would be the world’s tallest building by far, Russian Vesti FM radio reported, quoting UAE media.

    MOSCOW, June 19 (RIA Novosti) – Saudi billionaire Prince Alwaleed bin Talal may build a mile-high skyscraper in Moscow, which would be the world’s tallest building by far, Russian Vesti FM radio reported, quoting UAE media.

    The prince is also considering Shanghai, London and New York as possible locations for the 1600-meter (5,280 feet) skyscraper but the countries interested in hosting the world’s tallest tower would need to offer attractive financing terms, tax breaks and other government support, Alwaleed said, Arabian Business magazine reported.

    Alwaleed did not specify how the project would be financed or when it might be completed, adding the cost had yet to be worked out.

    If it is built, the mile-high tower would surpass the world's current tallest skyscraper, the 828-meter (2,717-foot) Burj Khalifa in Dubai, and also the one-kilometer-high Kingdom Tower now being built by Kingdom Holding in the Saudi Arabian city of Jeddah, Arabian Business reported.

    Building a one-mile skyscraper would involve technical and design challenges, such as how to supply water economically at that height, but would not be impossible, industry experts told the magazine.

     

    Tags:
    skyscraper, Alwaleed bin Talal, Dubai, New York, London, Shanghai
    Community standardsDiscussion
    Comment via FacebookComment via Sputnik