The story

Saudi Prince and billionaire Al-Waleed bin Talal says he will build the world's tallest building, planned to be over a kilometer (3,281 feet) high. The tower will be built in the Saudi town of Jeddah and will be part of a larger project that will cost $26.7 billion, (100 billion Saudi riyals) said the Prince's firm, Kingdom Holding Company.

The project, entitled Kingdom City, will span 23 million square meters (248 million square feet) and will include luxury homes, hotels and offices.

The booming city of Dubai in the United Arab Emirates has also joined the skyscraper race. Read full article »

Anouk Lorie also contributed to this report

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