RIYADH (Reuters) - Saudi billionaire Prince Alwaleed bin Talal unveiled plans on Tuesday to build the world's tallest tower in the Red Sea port city of Jeddah, signing a 4.6 billion riyal ($1.23 billion) contract with Bin Laden Group.
The proposed tower, which will rise more than 1,000 metres and take just over five years to complete, is the centrepiece of the planned Kingdom City development being built outside Jeddah by Prince Alwaleed's Kingdom Holding.
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