Saudi Arabia to invest $1.23B in building world's tallest tower

08/2/2011 | Wall Street Journal, The

Saudi Arabia's Prince Alwaleed bin Talal has signed a deal with Bin Laden Group to construct a tower that will top the Burj Khalifa in Dubai as the world's tallest building. Plans for the $1.23 billion tower indicate that it will be 3,281 feet tall, will take more than five years to build and will feature a hotel, luxury condominiums and offices.

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Wall Street Journal, The

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