Groups From Middle East, China Look to Build World’s Tallest Tower in Thailand - Bloomberg

Groups From Middle East, China Look to Build World’s Tallest Tower in Thailand - Bloomberg

A group of investors led by a Dubai-based real estate developer is in talks to build a mixed-use tower in Thailand that may vie for the mantle of the world’s tallest building.

Thai Prime Minister Srettha Thavisin met with a group of Middle Eastern and Chinese companies including Emaar Group, Broad Group and Vatone Group and discussed plans to “build the world’s tallest building in Thailand,” he said in a post on X on Friday.

Emaar is best known for building the world’s tallest tower Burj Khalifa in Dubai. Mohamed Alabbar, who founded Emaar, said the Thai project won’t be developed by the publicly traded company but by a group of investors that includes him in a personal capacity. The talks are in early stages for “a super tall tower,” he said.

The project in Thailand will include a large department store, offices, a financial hub, a hotel, and an entertainment center, said Srettha, a former property tycoon who has backed the idea of building “entertainment complexes” that also house casinos.

“It will create considerable investment value and attract tourists,” Srettha wrote in the post, adding that the investors will study the prospects and propose an investment plan later. “Promoting investments from the private sector is a key factor to stimulate the country’s economy and generate income for the people.”