Meydan Group of Dubai and India’s Sobha Developers Ltd. plan to build a 1,500-home project in Mohammad Bin Rashid City, the largest real estate development to be revived after the emirate’s property crash.
Saudi Arabia’s national water company agreed to a 2.2 billion-riyal ($587 million) supply deal with Jeddah Economic Co. for the Kingdom tower project in the Red Sea port of Jeddah, Saudi Press Agency reported.
Builders of Tokyo Skytree, the 65 billion yen ($656 million) broadcast tower almost double the height of the Empire State Building, say they aim to make their mark on more than just the Japanese metropolis’s skyline.
Billionaire Bhupendra Kumar Modi, who became a Singapore citizen last year, is urging his adopted nation to end a ban on young singles owning state-built homes because it hurts one of the city’s key goals: making babies.
Kingdom Tower, Saudi Prince Alwaleed bin Talal’s project to erect the world’s tallest building in Jeddah, is designed to imitate the contours of a sprouting desert plant. Adrian Smith’s task is to make sure it doesn’t sway in the wind like one.
Otis Elevator Co.’s quest to carry people up skyscrapers twice as tall as the Empire State Building hearkens back to a pivotal innovation by its founder: ensuring that riders won’t plummet back to earth if something goes awry.
A mile-high skyscraper, almost double the height of today’s tallest building, may become a reality by 2025 as developing countries splurge cash in an ego- fueled race to construct the world’s highest tower.