The new tallest building in the world will be a kilometer high

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Dubai’s Burj Khalifa may soon need to forfeit its Guinness World Record for the world’s tallest building.

Saudia Arabia has secured funding to finish building the Jeddah Tower, a $ 1.2 billion project that is planned to rise about 3,280 feet into the sky, compared to Burj Khalifa’s 2,722 feet.

A release from the Saudi government on Sunday stated that Jeddah Economic Company, the tower’s owner and developer, signed a $ 2.2 billion deal with Saudi Arabia’s Alinma Investment (8.4 billion Saudi riyals). Those funds will also be used to develop the first phase of the Jeddah Economic City project.

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Reem Nori

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