Published On: Mon, Nov 30th, 2015

Saudi Arabia to build world’s tallest skyscraper to be 1 km into the sky

Jeddah Tower in Saudi Arabia  - saudi-freedom-tower towers


Burj Khalifa, Dubai’s world’s tallest tower, soon will be stripped of its Guinness title when Jeddah Tower in Saudi Arabia succeeds in its plans to construct it’s $2.2 billion Real Estate project. Funds for the $1.23 billion starting project have been secured.

A Saudi government press release on Sunday said Jeddah Economic Company and Saudi Arabia’s Alinma Investment had signed a financing deal for 8.4 billion Saudi riyals (or $2.2 billion) to build Jeddah City, including the sky-piercing tower.

The project is currently built up to the 26th floor, the announcement added. The 3, 280-feet (1 kilometer) skyscraper is scheduled for completion in 2020. The Burj Khalifa, by comparison, stands at a meeker 2, 716 feet, or 827 meters.






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