A tower rising to a height of more than a kilometre is being planned for Saudi Arabia.
Kingdom Holding Company, a Saudi property company, has announced a contract for a US$26.6 billion mixed-use real estate project called Jeddah Kingdom City outside the Red Sea city of Jeddah.
The tower will be the highest in the world and will be built by Emaar Properties of Dubai.
Emaar, the Middle East’s biggest developer, beat out four competitors for the massive Kingdom project.
Last week, another Dubai developer, Arabtec Holding, won a separate large construction contract in Jeddah.
