Torre Cepsa vs Jeddah Tower

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The Torre Cepsa (renamed in June 2014, before was Torre Bankia)(English: Cepsa Tower) is a skyscraper located in the Cuatro Torres Business Area in Madrid, Spain.

With a height of 248.3 m (815 ft) and 45 floors, it is the second tallest of the four structures at the Cuatro Torres Business Area complex, surpassed by Torre de Cristal by less than a metre. It's the second tallest building in Spain and the 4th tallest building in the European Union. Designed by Lord Foster, it was initially known as Torre Repsol and would have served as headquarters for Repsol YPF oil and gas company. During the building of the tower, Repsol decided to change the location of its future headquarters and the financial institution Caja Madrid purchased the building for $815 million in August 2007.



In 2016 it was bought by Amancio Ortega, Europe's richest man and founder of global fashion group and Zara proprietor Inditex (ITX.MC), for $490 million euros through his property investment arm, Pontegadea Inmobiliaria, among the biggest property companies in Spain. He purchased the tower from Abu Dhabi tycoon Khadem al-Qubaisi, whose fund had exercised a last-minute buy option from Spanish lender Bankia (BKIA.MC), its previous owner.It was built by a joint venture of Dragados and Fomento de Construcciones y Contratas.

Source: Wikipedia

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Jeddah Tower (Arabic: ??? ????), previously called Kingdom Tower (??? ???????), is a stalled construction project of a skyscraper on the north of Jeddah, Saudi Arabia. It is supposed to be the world's first 1 km (3,281 feet ) high building, and the centrepiece and first phase of a development and tourist attraction called Jeddah Economic City.There was steady progress but in January 2018 building owner JEC halted structural concrete work together with the tower about one-third completed because of labour issues with a builder after the 2017--19 Saudi Arabian purge. JEC has said they plan to restart construction in 2020. The design, created by American architect Adrian Smith, who also designed the Burj Khalifa, incorporates many unique structural and aesthetic features. The founder and leader of the project is Saudi Arabian prince Al-Waleed bin Talal, a grandson of Ibn Saud, and nephew of the Kings of Saudi Arabia before him. Al-Waleed is the chairman of Kingdom Holding Company (KHC), which is a partner in the Jeddah Economic Company (JEC), which was formed in 2009 for the development of Jeddah Tower and City.

Source: Wikipedia