Saudi prince to build world's tallest building

Saudi Prince Al-Waleed bin Talal said Sunday he would build the world's tallest building in the Saudi city of Jeddah. The statement by his firm, Kingdom Holding Company, said the building would be more than a kilometer high and would be part of a larger project that would cost 100 billion Saudi riyals ($26.7 billion). The project, called Kingdom City, will span 23 million square meters and will include luxury homes, hotels and offices.