Monday 4 January 2010

World's tallest tower provides lift for Dubai

Dubai today will open the world's largest tower as the city seeks to revitalise its economy after 2009's annus horribilis was capped by a debt crisis and a second $10bn bail-out loan from neighbouring Abu Dhabi.

The government hopes the unveiling of the 160-plus storey structure will pierce the cloud that has lingered over Dubai since it was forced to accept further financial support from the capital of the United Arab Emirates and investors turned their backs on the city, once the darling of international finance.

Sheikh Mohammed bin Rashid Al Maktoum, after navigating the worst crisis in his four years as ruler of Dubai, will lead a day of celebrations to unveil the residential, hotel and office building, which offers views across the Gulf to Iran.

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