From Arabianmoney.net: Emaar Properties has confirmed its status as the Middle East’s leading property developer in signing a joint venture to build the world’s tallest tower in Jeddah with Prince Alwaleed bin Talal, chairman of Kingdom Holding Company, acting on behalf of the Jeddah Economic Company.

The Dubai company is to supervise the construction of the Jeddah Kingdom City and Kingdom Tower, set to soar over 1,000 metres. Emaar was selected by Kingdom Holding from five other international developers for its previous experience in the development of mega projects and local knowledge. ……..Full Article: Source