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Samsung Gets World's Tallest Building (C) http://www.moneytoday.co.kr [Koreatimes 2004-12-10 10:48] By Kim Sung-jin Staff ReporterA Samsung Corp.-led consortium won a bid to build the tallest skyscraper in Dubai, said the company on Thursday. At a press conference at the Hotel Shilla, central Seoul, the trading and construction company said it won a contract from the UAE-based real estate developer Emaar Properties to be the main contractor of the iconic Burj Dubai tower.Samsung Corp. teamed up with Belgium's Besix and UAE¡¯s Arabtec to outbid seven other consortia.Samsung said it won the construction project to build 700-meter, 160 stories high building for $847 million. The Burj Dubai Tower, which will be the tallest manmade structure in the world, is part of the UAE¡¯s $8 billion 500-acre Downtown Dubai Development project.The Burj Dubai Tower will have a total floor area of about 150,000 square meters.Ground will be broken next month for completion by November 2008. The Burj Dubai Tower will include a luxury hotel, apartments, offices and shopping malls.Once completed, The Burj Dubai Tower will become the highest tower in the world, surpassing the current 101-story Taipei Financial Center, which is 509 meters in height.Chicago-based Skidmore, Owings & Merrill (SOM) designed the Tower and Turner Construction International is the project and construction manager.Samsung Corp. has been involved in the construction of numerous high-rise structures around the world, including one of the Petronas Twin Towers (452 meters) in Kuala Lumpur, Malaysia, and Tower Palace in Seoul.``Samsung Corp. gained vantage ground in the world skyscraper construction market, which is forecast to grow to $40 billion by 2010, by winning the bid in Dubai. We expect to win more high-rise building construction contracts in the Middle Eastern construction market,¡¯¡¯ said Lee Sang-dae president and CEO of Samsung Corp.¡¯s engineering and construction division. sjkim@koreatimes.co.kr |
