At over 1,000 meters (3,280 feet) and a total construction area of 530,000 square meters (5.7 million square feet), Kingdom Tower will be the centerpiece and fi rst construction phase of the $20 billion Kingdom City development in Jeddah, Saudi Arabia, near the Red Sea.
Saudi billionaire Prince Alwaleed bin Talal speaks at a news conference in Riyadh August 2, 2011. Prince Alwaleed unveiled plans on Tuesday to build the world's tallest tower in the Red Sea port city of Jeddah, signing a 4.6 billion riyal ($1.23 billion) contract with Bin Laden Group.
REUTERS/Fahad Shadeed (SAUDI ARABIA - Tags: BUSINESS CONSTRUCTION ROYALS).
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