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Jeddah: The Latest Architecture and News

Mega-Tall Skyscrapers Herald Economic Depression, Says Barclays

The world economy has endured a series of crises over the past century, and architecture has recently been recognized as a harbinger of these crises. Two years ago, British finance group Barclays released an index of skyscraper construction projects that correlate with the occurrence of economic downturns since 1873. Many of the tallest buildings in the world have been built at times of severe economic struggle, the most recent being Dubai's Burj Khalifa, built during the Great Recession of 2007 through 2010. According to Barclays, "the world’s tallest buildings are simply the edifice of a broader skyscraper building boom, reflecting a widespread misallocation of capital and an impending economic correction."

All the major financial crises in the past century, and the buildings that predicted them after the break...

Construction Slated to Begin on 1km Kingdom Tower

Work on Kingdom Tower is moving forward, as above-ground construction is slated to begin April 27. Rising over 1000 meters (3,280 feet), the $1.2 billion skyscraper is expected to be the world’s tallest, surpassing the 828 meter tall Burj Khalifa upon completion in 2017.