Jeddah Tower
Kingdom Tower is the first stage in the Kingdom City project, a planned suburb of Jeddah intended to become a new city entirely. Plans for Kingdom Tower have been circulating since 2008, when it was originally named the "Mile-High Tower." However, the foundation where the Kingdom Holding Company wanted to build the tower was not stable enough to support a mile-high structure. Instead, the company settled for the kilometer-high title, where on August 2, 2011, Kingdom Holding announced that construction would commence shortly. The idea of Kingdom Tower is credited to the Prince of Saudi Arabia, Al-Waleed bin Talal, who is also the owner of Kingdom Holding Company. As one of the wealthiest men in the world, the Saudi prince is the main contributor to the project.