Moscow: Beating Burj Khalifa in Dubai, Saudi Arabia is all set to build world’s tallest building, the one-mile high Kingdom Tower, which will be erected in western part of the country.

The skyscraper, expected to cost USD 30 billion, will be built in Obhur, some 30 km north of Jeddah City on the Red Sea's eastern coast.

It will take 12 minutes to get to the top of the building by elevator. The project stipulates the construction of an 8.9 sq mile city around the Kingdom Tower which can accommodate 80,000 residents and about one million visitors.

Kingdom Tower, which will host offices, a hotel and residential areas, will be almost double the height of the world's tallest building, the 0.51-mile Burj Khalifa in Dubai. It will also exceed Dubai's 0.62-mile Nakheel Harbor and Tower whose construction has been put on hold.