Less than two years after the Burj Khalifa opened in Dubai, Saudi Arabia‘s Prince Alwaleed bin Talal has announced a new world’s tallest building to be built on the Red Sea resort town of Jeddah. The Saudi building is planned to be 172 meters (564 feet) taller than the Burj and will stand at 1,000 meters or 3,281 feet. It will be part of the $20 billion “megadevelopment” Kingdom City and will house luxury condos, offices, and of course, a hotel. The prince has signed a $1.23 billion deal with the Bin Laden Group, the largest construction firm in Saudi Arabia and unaffiliated with Osama Bin Laden, to complete the new tallest building in five years.
Last month, Gadling explored the 2,717 foot Burj Khalifa. Gadling and Huffington Post blogger Melanie Nayer was one of the first guests at the Ritz-Carlton Hong Kong earlier this year, currently the highest hotel in the world. Check out our gallery below of the world’s tallest buildings.
Image of Dubai’s Burj Khalifa by Flickr user Jason Rodman.