Saudi Arabia to build world’s tallest tower, reaching 1 kilometer into the sky

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Saudi Arabia is set to start on Kingdom Tower, slated to be the world's tallest building

The Kingdom Tower will reach 3,280 feet, have 200 floors and cost $1.2 billion

It would require 5.7 million square feet of concrete and 80,000 tons of steel

The foundations would be 200 feet (60 meters) deep

CNN  — 

Dubai, long champion of all things biggest, longest and most expensive, will soon have some competition from neighboring Saudi Arabia.

Dubai’s iconic Burj Khalifa, the world’s tallest building, could be stripped of its Guinness title if Saudi Arabia succeeds in its plans to construct the even larger Jeddah Tower – a prospect looking more likely as funds for the $1.23 billion project have been secured.

Consultants Advanced Construction Technology Services have recently announced testing materials to build the 3,280-feet (1 kilometer) skyscraper (the Burj Khalifa, by comparison, stands at a meeker 2,716 feet, or 827 meters).

Previously dubbed Kingdom Tower, the building will boast 200 floors and overlook the Red Sea. Constructing it will require about 5.7 million square feet of concrete and 80,000 tons of steel, according to the Saudi Gazette.

Building a structure that tall, particularly on the