Shares in Asia rose Friday with Japan's Nikkei 225 Index climbing 1.1% to 10,798. In Hong Kong the Hang Seng Index rose 0.1% to 22,297, and in China the Shanghai Composite Index also rose 0.1%, ending the day at 3,196.
Japanese engineering firms Kajima Corp. and Obayashi Corp. helped push the Nikkei higher. Kajima spiked 6.8% and Obayashi climbed 6.7% in today's trading. The firms are members of a consortium of companies contracted to build the Dubai Metro. The Financial Times reports that the group is currently in a dispute over $3 billion in unpaid bills, and that the price of the project has more than doubled to $7.6 billion since construction started about five years ago. The consortium claims that the ballooning price tag is the result of major changes to the original scope and design.
Amid the fanfare of opening the world's tallest tower, the Burj Khalifa, this week also marked the opening of the Burj Khalifa Metro Station, which TIme Out Dubai says will serve 10,000 people each weekday and more than 19,000 on weekends and holidays.
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