Move over Dubai and Burj Khalifa – your height is soon to be surpassed. It was announced yesterday that Saudi Arabia’s Kingdom Holding Co. has signed a one and a quarter billion dollar deal with none other than the Bin Laden Group to build what will become the world’s tallest tower in the Saudi city of Jeddah. It will be part of a complex known as Kingdom City, which will occupy an area of 5.3 million square meters [17.3 million square feet], and will overlook the Red Sea and Obhur Creek.
The half-million square meter building will boast a hotel, apartments, condos, and office space and will reach a height of 1000 meters [3280 feet], which will be 172 meters [564 feet] taller than the world’s tallest building, Dubai’s 828 meter tall Burj Khalifa. In contrast, New York City’s One World Trade Center [formerly known as the Freedom Tower] to be completed in 2013, will be 541 meters [1776 feet] tall.
Construction on the new Kingdom Tower in Jeddah will begin this year and will take a little more than five years to complete. The Saudi company, the Bin Laden Group, is in fact owned by the Bin Laden family. However, they broke all ties with Osama Bin Laden in the 1990s. Since then, the company has become the largest construction firm in Saudi Arabia. The tower was, however, designed by the U.S. firm of Adrian Smith + Gordon Gill Architecture, located in Chicago.
When complete, this will be one structure not to be missed.