Arab Emirates aim to revive the construction industry once the tallest building in the world

By 2020, slice the United Arab Emirates, will be built the tallest building in the world, which is 100 meters will exceed 828-meter skyscraper Burj Khalifa, also located in Dubai.

The construction of a new skyscraper The Tower to severities by 2020 and will cost the Treasury $1 billion. the Author of The Tower was made by Spanish architect Santiago Calatrava, known for his re-let unit World Trade Center in new York.

By the end of this year, the growth rate of the UAE economy, including construction industry, expected at 2.6%, which will be the lowest indicator since 2010. In 2016, property prices in the country probably will lose about 7%. By the end of 2017, experts expect the acceleration of their fall to 10%.

Public investment aimed at the project, will distribute Emaar Properties PJSC, already owning the previous skyscraper record-holder Burj Khalifa, and Dubai Holding LLC, whose majority shareholder with a share of 99.67% is a Vice President of the UAE and Emir of Dubai Mohammed bin Rashid al Maktoum.



Arab Emirates aim to revive the construction industry once the tallest building in the world 11.10.2016

Share this news

Опубликовать в Google Plus
Опубликовать в LiveJournal
Опубликовать в Одноклассники