Wikinvest Wire

The Burj Dubai is now open for business

Monday, January 04, 2010

The world's tallest building is now open for business in Dubai amid uncertain economic and financial conditions following last year's little debt servicing problem at Dubai World where the government-owned investment company had to be bailed out by Abu Dhabi.

The 160-story structure dwarfs every other skyscraper in the world, so much so that they've taking to calling the Burj Dubai a "super-scraper".


Anonymous said...

Usually, tall buildings are constructed because builders ran out of build-able land to construct low rises. This one appears to have been built just to claim that they have the world's largest.

It is a pretty building though. My compliments to the designers. It may make the city more of a tourist attraction. Sort of like the pyramids, or the leaning tower of Pisa.

Tim said...

I guess this shouldn't come as a surprise, particularly since Dubai World is anything but "out of the woods" with it's debt problems: Dubai names tallest building after bailout patron

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