Modern times have seen several skyscrapers earn the honor of ‘World’s Tallest Building’. Previous title holders include the Empire State Building and the World Trade Center in New York City, Kuala Lumpur’s PETRONAS Towers and most-recently Dubai’s Burj Khalifa.

But recent reports reveal that Saudi Arabia is now planning to hijack the title, currently held by the Burj Khalifa, with the construction of the Kingdom Tower. According to media reports, the Saudi Binladen Group has been tasked with the monumental feat of constructing the supertall skyscraper. The Kingdom Tower is estimated to reach a height of 1000 meters when completed, making it at least 170 meters taller than the Burj Khalifa.

The 200-story building is currently under construction in Jeddah, with a proposed budget of approximately $1.23 billion. During the unveiling of the project Kingdom Holdings Chairman Prince Al-Waleed bin Talal, reportedly stated that the construction will seek to strengthen the Kingdom’s financial and legislative security.

Since its completion Burj Khalifa has gone-on to become one of the most-visited tourist destinations in Asia. Whether the Kingdom Tower will have the same pull-factor we’re not sure… But we can’t wait to find out!