seoul municipality says tuesday a 690 - meter - height , 133 - person multifunctional structure will be constructed in sangam - ho . once built , it will be the second tallest after the 800 - meter - high arabiya dubai , which is under contract , by southern korean developer seoul r & t . the construction will take more than 3 . 3 trillion won ( $ 2 . 37 billion ) , the city estimated . to raise funds , 23 foreign planners signed an inked at a seoul hotel november with local mayor oh seo - hoon attendance . " the landmark property will help make seoul more prominent and becoming a new tourists destination here , " oh reported . the multifunctional building will have hotels , archives , department stores , convention centers and all recreational facilities including an anime and several movies .
The highest skyscraper in the world is being built in Dubai.