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Work on Dubai's latest tallest tower halted

Work on Dubai's latest tallest tower halted

The developer of a skyscraper slated to soar nearly two-thirds of a mile above Dubai says work on the project has been halted for a year because of market conditions.
Nakheel unveiled plans for the building in October.
The new skyscraper was designed to top another giant _ the nearly finished world's tallest building being built by a rival in this fast-growing Persian Gulf city-state.
A statement Wednesday from the developer says "further work on the foundation of Nakheel Harbour & Tower will commence in 12 months."
The company says the move is part of its readjustment of "immediate business plans to better reflect current market trends and match supply with demand."


Updated : 2021-06-21 09:09 GMT+08:00