I recently wrote a piece displaying my thoughts on the Kingdom Tower (the mile-high mega skyscraper to be built in Jeddah, Saudi Arabia).
I'm of the volition that it is an absolutely appalling waste of $30 billion and much more appropriate planning measures can be devised.
(1) The surrounding area could become a ghost town:
By creating a horizontal boulevard, there is no surface area for betterment to be absorbed into the local area. In fact, the opposite can occur, whereby the prestige and multi-faceted nature of the Kingdom Tower means that other developers will shy away from the area. Local businesses will fall by the wayside as the tower soaks up shoppers, businesses, tenants and tourists. If the $30 billion were to be spent creating an efficient, timely public transport axis in conjunction with lower density mixed-used developments of varying socio-economic stature, a much greater urban vitality would be enjoyed by all.
(2) The project could prove financially unfeasible:
If the Burj Khalifa is anything to go by, it is clear that such volatile mega-projects have the potential to backfire quite epically. The Abu Dhabi led bailout of the project meant that the prestige shifted away from Dubai and into the hands of an economic rival. The monetary risks for the Kingdom Tower are almost exactly 20 times as great.
I am interested to see what you all think.
This is the original article.