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English news

18-May-2016

Jeddah Tower delayed one year due to Binladin Group funding issues

The completion date for Jeddah Tower, which is set to be the world’s tallest tower when completed, is pushed for one year to end of 2019. This is due to the financial pressures on the project’s main contractor, Saudi Binladin Group (SBG). SBG is also a shareholder in the developer of the project, holding a 16.7% stake in Jeddah Economic Company. (The National)  

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