Previously dubbed 'Kingdom Tower', the 170-storey building is to rise more than a kilometre (3,280 feet), surpassing Dubai's Burj Khalifa as the world's highest building. The Burj Khalifa, stands at 2,716 feet. New York City's Freedom Tower, currently the fifth tallest in the world, is dwarf-like at 1,792 feet. Kingdom Holding Co, chaired by billionaire Saudi Prince Alwaleed bin Talal, said its affiliate Jeddah Economic Company had reached a more than $2 billion financing deal with Saudi Arabia's Alinma Investment to finish the Jeddah Tower in the Red Sea city , and boasted they were 'on the verge of building a floor every four days.
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