Prince al-Walid signs contract for final phase of Saudi skyscraper

Prince al-Walid bin Talal the head of the Saudi Holding Company signed a contract to implement the last stage of construction of a skyscraper with the Saudi Al-Seif Corporation.

A press statement for the holding company, a copy of which was obtained by ArabicNews.com, said that Al-Seif will establish the tower and a shopping center that will be inaugurated in the year 2000.

The building includes a hotel, hotel apartments and an international center for businessmen and will be administrated by a specialized company.

The building will be the tallest in the Middle East.