Kuwait is building the world's tallest tower at 1,001 meters in Madinat al Hareer, also recognised as the City of Silk. When accomplished, the Burj Mubarak al-Kabir will beat a residential tower getting establishing in Dubai estimated to arise between 700 to 800 meters. The Kuwait Municipal Council approved Wednesday the development plans of Madinat Al Hareer, a multi-purpose economic, commercial and residential evolution in Subiyah. It is possessed by Madinat Al Hareer Corporation, a government firm. Covering 250 square kilometers, it will include the world tallest construction, a 2-sq. km. natural desert reservation, duty free area, a new airport, tourist-oriented establishments and business centers. It is approximated to cost $86.1 billion (25 billion dinar). The project objectives to reduce Kuwait's dependence on incomes from oil. Half of Kuwait's gross domestic product, valued at $60.72 billion in 2006, came from petroleum. The country holds 10 percent of the world's oil reserves. Dubai's standing tallest structure is Burj Dubai at 422.5 meters with 120 floors. It is one of five accomplished building in the world with more than 100 floors. Next to Burj Dubai are New York's Empire State building measuring 381 meters and Chicago's John Hancock Centre with 344 meters.
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