The world's tallest building, the 1-mile high Kingdom Tower, will be built in western Saudi Arabia, Arab media have reported.

The skyscraper, expected to cost $30 billion, will be erected in Obhur, some 30 kilometers north of Jeddah City on the Red Sea's eastern coast, media reports said.

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

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.

MOSCOW, April 15 (RIA Novosti)