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# Finance secured for world?s largest building
- URL: https://hospitality.pro/finance-secured-for-worlds-largest-building/
- Published: 2015-12-01T05:11:20.000Z
- Updated: 2015-12-01T05:11:20.000Z
- Author: Holedo
- Tags: Hospitality Industry News, Technology, Brand Development, Hotel Development, News, #wordpress, #Import 2026-04-16 12:15

The Saudi developer behind plans for the world’s tallest building said it had secured financing to complete the record-breaking project, Agence France-Presse reported.  
Kingdom Holding Co, chaired by billionaire Saudi Prince Alwaleed bin Talal, said its affiliate Jeddah Economic Company had reached a more than US$2 billion financing deal with Saudi Arabia’s Alinma Investment to finish the Jeddah Tower in the Red Sea city.  
Previously dubbed ?Kingdom Tower?, the 170-storey building is to rise more than a kilometre, surpassing Dubai’s Burj Khalifa as the world’s highest building.  
Alwaleed said a year ago that the tower, which will feature a hotel, apartments and offices, was slated for completion in 2018\. At that time the four-storey foundations of the building were finished and Alwaleed said ?now we are on the verge of building a floor every four days?.