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Whereas skyscraper experts have acknowledged that towers nicely over one kilometre, even two kilometres (6,600 toes) high, are technically feasible, physical sustainability and practicality points come into play in towers of this peak. Kingdom Holding Company quickly criticized the information stories, insisting that the venture had not been shelved. In late 2017, the owner of Kingdom Holding Co, which owns 33% of the tower, and the chairman of the Saudi Binladen Group, which owns 17% and is the first contractor, were each arrested as a part of the 2017 Saudi Arabian purge. The development halt stemmed from labor problems with a contractor following the 2017-2019 Saudi Arabian purge. Bauer, a German Foundations gear manufacturer and contractor was awarded a US$32 million contract to help the initial phases of development of the Jeddah Tower. It and the encompassing metropolis would have had the flexibility to accommodate 80,000 residents and a million guests, in accordance with RIA Novosti. On 29 April 2013, information was reported that the Saudi Water Company had signed a car rental malaga airport cheap 2.2 billion-riyal ($587 million) provide deal with Jeddah Economic Co. for the Jeddah tower challenge. Bloomberg News (7 August 2011). "Alwaleed hires Saudi Binladin to build world's tallest tower". Radnedge, Aidan (eleven August 2011). "Kingdom Tower in Saudi Arabia to be world's next tallest constructing".
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