ANother "World's Tallest" Tower In Dubai  

The SMH reports Dubai's big building binge is proceeding unabated - Dubai aims to top its own world's tallest tower.

With its world's tallest building nearing completion, Dubai said today it is embarking on an even more ambitious skyscraper: one that will soar more than 1 km into the air. That's the height of more than 10 American football fields, 13 Airbus A380 "superjumbo" jets or three of New York's Chrysler Buildings stacked end-to-end.

Babel had nothing on this place.

"This is unbelievably groundbreaking design," chief executive Chris O'Donnell said during a briefing at the company's sales centre, not far from the proposed site. "This still takes my breath away."

The tower, which will take more than a decade to complete, will be the centrepiece of a sprawling development state-owned builder Nakheel plans to create in the rapidly growing New Dubai section of the city. Foundation work has already begun, O'Donnell said.

The area is located between two of the city's artificial palm-shaped islands, which Nakheel also built. The project will include a manmade inland harbour and 40 additional towers up to 90 floors high.

About 150 elevators will carry employees and workers to the Nakheel Tower's more than 200 floors, the company said. The building will be composed of four separate towers joined at various levels and centred on an open atrium.

"It does show a lot of confidence in this environment" of worldwide credit problems and a souring global economy, said Marios Maratheftis, Standard Chartered Bank's Dubai-based regional head of research.