Saudi inks deal for $38m twin towers in Makkah

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Saudi inks deal for $38m twin towers in Makkah

A twin tower development worth $37.3m (SAR140m) will be constructed in Makkah by Saudi’s Disabled Children’s Association (DCA).

Prince Sultan Bin Salman, president of the Saudi Commission for Tourism and National Heritage and chairman of DCA’s board of directors signed contracts with representatives from national construction companies for the project.

The 12-storey towers, named after King Salman, Saudi Arabia’s Ruler, and the late Crown Prince Sultan, are expected to become a permanent source of revenue for DCA’s activities.

The development will be situated on land that belongs to DCA in Naeem District on Hada-Taif Road.

A project schedule of 36 months has been allotted for construction works.

King Salman laid the foundation stone for the project last year, and has also donated $13.3m (SAR50m) for the project.

According to Saudi Gazette, each tower will feature a hotel, with parking facilities, restaurants, and shopping malls.

King Salman Tower’s built-up area spans 20,000 sqm, and its hotel will comprise 255 rooms, 14 suites, and a mall.

Prince Sultan Tower, spanning 18,000 sqm, will also feature a hotel with 250 rooms, a shopping area, and a food court.

Source and Link: Construction Week Online

Moving Abroad Checklist

Initial Considerations

Will your partner be travelling with you?

If so, what will they be giving up in your present home and will they be able to continue with their career in your new home? You will need to check whether a separate visa is required for your partner to work or if your visa gives that right. If they are unable to work you will need to decide on the effect on your finances and what alternatives are available to give a fulfilling life (home business, training, voluntary work).

Are you taking family with you?

Moving with family raises many exciting opportunities, but also can create challenges. The HSBC Expat Explorer survey indicates that expat kids can take six months to settle in to their new country (see article). Getting young or even older children to prepare to move and leave their friends and family behind can be a challenge and should be thought through.

The options for education is another area that needs to be thought through.

Moving your child to a new country with a different education system can be a great opportunity to broaden their experience, but if they are close to key exams the timing can make this inadvisable. If you do take your family with you, it is important to decide between joining the local school system or choosing an international school.

Where will you be living?

Whether you will be living in a house or apartment, furnished or unfurnished, these decisions will affect what you need to take with you. The time you are planning to live overseas will also affect whether you should leave your property at home empty, rent it out or sell it. See the article Sell, Store or Ship.