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Fri 2 Jan 2009 07:57 AM

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2012 date for world's tallest commercial tower

Construction contract for 108-storey Dubai building will be announced soon.

The developer behind plans for the world's tallest commercial building said on Friday it would deliver the project in early 2012.Despite the global economic crisis, the Fortune Group said it would soon announce the construction contract for the 108-storey Burj Al Alam, being developed at the Business Bay, Dubai.

"Right now, the Middle East Foundations Group is carrying out the shoring and piling works, following which we will be able to finalise the main construction contract for the project," Syed Mohammad Ali, Fortune Group's founder and chief executive, said in comments published by UAE daily Gulf News.

He added that about 50 per cent of the project was already sold out and the company was committed to deliver the building, which is expected to rise 510 metres, in the first quarter of 2012.

The news follows an announcement by Emaar earlier this week that the Burj Dubai, the world's tallest building of any type, currently stood at 780 metres and was still rising. It is slated to be completed by mid-2009.

Fortune Group's development portfolio is valued at 12 billion dirhams and other projects underway include Fortune Bay at Business Bay and Fortune Pavilion at Dubai Sports City.

"All our projects are going to be delivered in time. In extreme cases, at best six months delay could occur due to logistics reasons," Ali said.

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ossama14 11 years ago

instead off building talest towers , please build economice building helping in accommodating middle class, what is the benefit gains when building tallest empty towers.

Anthony 11 years ago

Build with sence not with who is the best ,and do not play with GOD ,because is the most clean powerful God .