Saudi prince strikes a £736m deal with BinLaden Group to construct the world’s tallest tower
Saudi Arabian tycoon Prince Alwaleed has announced plans to build the world’s tallest building in Jeddah.
His company Kingdom Holding has struck a deal worth £736m with contractors the BinLaden Group to construct the kilometre-high tower.
Chicago practice Adrian Smith & Gordon Gill Architecture has been confirmed as the architects of the skyscraper.
At over 1,000m tall, the tower will be 173m taller than the current tallest building in the world, Dubai’s Burj Khalifa.
The tower will feature a Four Seasons hotel, serviced apartments, office space, luxury flats and the world’s highest observatory. Lifts are expected to take 12 minutes to reach the top floor.
Design development of the tower is under way, with construction to begin imminently.