Plans for world's tallest tower announced

Saudi Arabia today announced plans to build the world’s tallest tower.

Kingdom Tower, at 3,280ft, will include a hotel, serviced apartments, luxury condominiums and offices, occupying roughly 5.4 million square feet.

It is part of the first phase of Kingdom City, a sprawling project designed to cover a two-square mile area, in the Red Sea city of Jiddah.

The investment firm headed by Saudi billionaire Prince Alwaleed bin Talal has signed a 4.6bn riyal (€842m) deal with the Saudi Binladen Group to build Kingdom Tower.