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LEADERSHIP QUOTE OF THE DAY (23 May 2012): You gain STRENGTH| COURAGE AND CONFIDENCE by every experience in which you really stop to look fear in the face. You must do the thing you think you cannot do. - Eleanor Roosevelt

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New Tallest Tower In The World

A Saudi billionaire has unveiled plans to build the world's tallest tower in the Red Sea port city of Jeddah.

Prince Alwaleed bin Talal, a nephew of Saudi King Abdullah, has signed a contract worth over $1 billion.

The proposed tower will rise more than 1,000 metres and take just over five years to complete. It will be the centrepiece of the planned Kingdom City development. 'Building this tower in Jeddah sends a financial and economic message that should not be ignored,' explains the Prince. 'It has a political depth to it to tell the world that we Saudis invest in our country.'

The tower, which is to include a hotel, serviced apartments, luxury condominiums and offices, will be designed by US architecture firm Adrian Smith + Gordon Gill.

Prince Alwaleed said the Jeddah tower would eventually top 1,000 metres, but the final height is a closely guarded secret. If completed, the tower will replace Dubai's 828-metre Burj Khalifa as the tallest tower in the world.

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