Just two years after the record changed places and the 2,717-foot Burj Khalifa became the world’s tallest building, a new rival plan is already set to topple it from its number one spot. Originally costing $1.5 billion to build and standing tall in Dubai, it is a significant part of the nation’s sky line.
Saudi Arabia is projected to hold the world’s tallest tower soon, as they have significant backers, including the prominent Bin Laden Family to build the newly unveiled Kingdom Tower. Already the Saudis have backed up the proposed Kingdom Tower with $1 billion in contracts. Included inside the Kingdom Tower will be luxury condominiums, apartments, the world’s highest observatory, a Four Seasons Hotel and an amazing fifty nine elevators. With just these features already announced, it is no wonder it has been projected to become the world’s largest building.
Although no precise height has been given, the Kingdom Tower has been said to at least be 3,280 feet high, beating out the Burj Khalifa by over 500 feet.
Prince Alwaleed bin Talal of the Kingdom Holding Company is worth billions signed the $1 billion deal with the Saudi bin Laden Group to build the planned Kingdom Tower in the city of Jeddah, which is near the Red Sea.
In citing the importance of the building, Talal Al Maiman, a member of Kingdom Holding Company and the Jeddah Economic Compaby, which is a Kingdom Holding Company affiliate that signed the deal with the bin Laden Group, said that the new Kingdom Tower will be a landmark for the skyline. It is supposed to represent the importance of the Saudia Arabian kingdom in the global economy and its important role in the world’s culture. The Kingdom Tower will also be a marker for the city of Jeddah, which is known as a gateway to the Holy City of Mecca.