The Kingdon Tower in Jeddah, Saudi Arabia will become the world’s tallest building after a funding deal was secured to finance the last phase of construction.

Work has already begun up to the 26th floor of the tower, north of Jeddah, and the new funding will allow the building to rise to its proposed 200 floors by 2020.

An EC Harris and Mace joint venture is project managing the £ 800 million (US$ 1.2 billion) job. Once complete, the 1 km skytower will be taller than the 830 m Dubai’s Burj Khalifa building in Dubai and four times the size of The Shard in London.

The Kingdom Tower will have enough room to include a five-star Four Seasons hotel, Four Seasons serviced apartments, office space, condominiums and an observatory that will be higher than the world’s current highest observation deck.

Newsletter

Delivered directly to your inbox World Construction Week features the pick of the breaking news stories, product launches, show reports and more!

Sign up for free

Newsletter

Delivered directly to your inbox World Construction Week features the pick of the breaking news stories, product launches, show reports and more!

Go to newsletters