Babel?

First off this is not an April Fools Joke.
A tower a mile high.  This is the dream of a Saudi prince.  The tower, which will rise 5,250 feet into the air and cost over 5 billion US Dollars, is planned for construction in the Saudi Arabian dessert.  (The Sears Tower is 1,730 feet with antenna!)

I wonder what the purpose of this is?  Can there really be a overwhelming need for a mile high skyscraper in the middle of the dessert?  In a land that has an abundance of space first and oil second what is the great fascination for this? 

One wonders if it will be built and if it is will it be another Spruce Goose?

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