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  • Things you should know about Saudi Proposed tallest building

    According to CNN 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 itsGuinness 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.

    A Saudi government press release on Sunday said Jeddah Economic Company and Saudi Arabia's Alinma Investment had signed a financing deal for 8.4 billion Saudi riyals (or $2.2 billion) to build Jeddah City, including the sky-piercing tower.

    Read more on CNN 

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