Dubai Creek Tower
Earlier in February, His Highness Shaikh Mohammed bin Rashid Al Maktoum, UAE Vice President and Prime Minister and Ruler of Dubai, had approved the plan for for a new observation tower to be built in the Dubai Creek area of the city.
The winning design, which provides a modern twist on Islamic architecture, was described by Shaikh Mohammed as an "architectural wonder that will be as great as Burj Khalifa and the Eiffel Tower", according to the state news agency Wam.
His Highness Shaikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the #UAE and Ruler of #Dubai, approves the design of new iconic tower by Emaar in Dubai Creek
Photos via @DXBMediaOffice
Emaar said a name for the tower has not yet been chosen.
The Saudi government had announced in 2015 that it had secured funds to complete the Jeddah Tower, which will measure 3,280 feet when it's completed in 2018.
The Jeddah Tower, also known as the Kingdom Tower, will be the first building in the world to reach a full kilometer into the air. When opened in 2018, the tower will make the Burj Khalifa the second tallest building on Earth.
Construction of the Jeddah tower has already started.
Before 2015 ended, another oil rich Gulf country announced plans to built the world's tallest tower - Iraq.
As the war-torn country tries to rebuild it's economy, if the plan for a brand-new tower known as "The Bride" is completed as proposed by AMBS Architects, it will be the new tallest building in the world.
Set to rise in Iraq's oil-rich Basra Province, the complex is actually made up of four conjoined towers, totaling 604 stories and 16.6 million square feet, Business Insider reported.
They combine to create what the architects are calling the world's first "vertical city." 
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