UK-based sculptor Anish Kapoor is set to design a tower in the Olympic Park after beating Antony Gormley to win a design competition.

The project, conceived by London Mayor Boris Johnson, aims to showcase world-class art in the Olympic Park.

The project is expected to tower over the Olympic stadium and has been funded by Lakshmi Mittal, a UK businessman.

Neither The Greater London Authority nor the artist has confirmed the news.