Estimated to cost $1.4 billion, it will be the crown jewel of Jeddah Economic City, a commercial and residential project of 57 million square feet (5.3 million square meters).
Knocking off Dubai's iconic Burj Khalifa [2,722ft (829.8m)] off the number one spot as the tallest skyscraper, the [3,280ft (1,000m)] Jeddah Tower when completed in 2020 will be [236ft (72m)] taller.
The Jeddah Tower, estimated to cost $1.4 billion will be the crown jewel of Jeddah Economic City, a commercial and residential project of 57 million square feet (5.3 million square meters) will have hotels, residential apartments, office spaces, luxury condominiums, observatory, as well as tourist attractions.
With a gross floor area of 243,866 square meters, the tower will have the world's highest observation deck at 2,178ft beating the Burj Khalifa's 1,823ft observation deck who dominated the number one spot since 2008.
The Jeddah Tower is meant to emanate the growth, prosperity, and regional emergence of its homeland on the global stage, a role that many of the world’s tallest buildings have played in their respective locales. Upon completion the tower will be the center of the Jeddah Economic City development.
While speaking to CNN, CEO of Jeddah Economic Company, Mounib Hammoud said "As of 2020, we'll start seeing things: you'll see the tower, you'll see the shopping mall, you'll see many other projects, Jeddah is going to be repositioned on the international scene of modern cities," he adds. "You speak about downtown Dubai, and now we're going to have downtown Jeddah."
The facilities will include a five-star Four Seasons Hotel, 97 affiliated serviced apartments, seven duplexes, Seven-floor offices, four "residential tiers" with 325 apartments with elevators reaching a record height of 2,165ft.
According to CNN- "The double-decker lifts that take visitors directly to the observation deck from Level 1 of the building can travel at 12.5 miles per hour. In other words, they can shuttle guests to the deck, accessed from the 157th and 158th floors, in 66.5 seconds".
At the very top, a massive penthouse will allow a tenant to reside at the crown of the building. Originally designed as a helipad, a circular sky terrace protrudes from one of the top levels, a feature that will be the highest of its kind in the world.
Could this be the 8th wonder of the world? I guess we'll all have to wait till 2020 to find out.