Kingdom Holding Company is still planning a mile high tower as is reviewing design bids despite the recent worldwide financial crisis. It is a currently estimated USD 13,300,000,000 project (13.3 billion dollar).
Mile High Tower could reach a height of 1,600 meters (one mile), the total built up area is 170,000 sq.m. Construction of a wind resistant tower that could reach a height from 1,100 meters. to 1,600 meters.
Hyder Consulting and Arup are the project consultants.
Omrania and Associates and Pickard Chilton from the US are the project architects.
Bechtel is the PMC.
In September 2009, bids were under evaluation for the design consultancy contract.
In Q4 2009, the design contract is expected to be awarded.
Previous Events In July 2009, Emaar Properties was preparing a shortlist of seven architects for the contract to draw up the concept design.
In June 2009, the Kingdom Holding Company signed an agreement with Emaar Properties to supervise the project.
In February 2009, the project was put on hold
In January 2009, KHCKHC decided to move forward with the project despite the Companie’s USD3.9 billion loss during 2008. The project was still in the design stage.