BUSINESS & JOBS

Organized by Carol Willis, director and curator of the Skyscraper Museum, the survey uses models, renderings and animations to tell the stories of 48 extremely tall structures that have been completed around the world in the last 10 years, or are slated to reach their full stature by 2016.

Mr Mohannad Sweid, CEO of Depa, commented: “Overall performance was strong on many fronts. Our successful diversification strategy reduced the impact of the global macroeconomic and regional geo-political environment on our results and backlog growth.

Oberoi Realty has brought on board Samsung C&T Corporation as its general contractor for its ambitious mixed-use, high-rise luxury project in Worli, Mumbai. The deal marks the entry of Samsung C&T, which has constructed many of the world’s tallest landmarks including Petronas Towers in Kuala Lumpur and Burj Khalifa in Dubai, in the Indian real estate space.

"The Burj Khalifa is a symbol of the UAE as a progressive, innovative nation that, whilst rich in heritage and traditions, continually works to build a modern developed society. In this way the gold bullion coin stands as a national emblem which reflects the determination and achievements of the UAE federation."

Chilean attacking playmaker Luis Jimenez and Emirati Amir Mubarak were unveiled before the media at the Armani Hotel here yesterday in the presence of Ahmad Hamad Khalifa, CEO, Al Ahli, and former Italy skipper Fabio Cannavaro, who now acts as the club's brand ambassador.

Saudi billionaire Prince Alwaleed bin Talal signed a $1.23 billion contract with Bin Laden Group for the proposed tower, which will take just over five years to complete. The building is the centerpiece of the planned Kingdom City development being built outside Jeddah by Prince Alwaleed's Kingdom Holding.

Chairman of Kingdom Holding Company, HRH Prince Alwaleed Bin Talal Bin Abdulaziz Alsaud, who initiated and has been the driving force behind the decision to build the world’s tallest building in the Kingdom of Saudi Arabia, is pleased to announce on 2nd August 2011, that the contract for construction has been signed and Kingdom Tower, with a height of over 1,000 meters, will begin construction imminently in Jeddah, Saudi Arabia.

They are the neighbouring gulf states battling it out for economic supremacy. And in the latest grand example of keeping up with the Joneses,Saudi Arabia has awarded a contract to build the world's tallest skyscraper, shattering the current record held by a building in Dubai.

One is the Burj Khalifa, by Skidmore, Owings & Merrill and its former partner Adrian Smith, which came in second. The other is the Legacy at Millennium Park, by Solomon Cordwell Buenz, which finished sixth. Both were completed in 2010, the year in which buildings had to be finished to be considered for the list.

Emaar Properties said Tuesday it earned 250 million dirhams ($68.1 million) from April through June, compared with the 802 million dirhams booked in the same period a year earlier. This year’s figure includes a 172 million dirham charge to cover Emaar’s 30 percent stake in Dubai Bank.