Samsung Gets World's Tallest Building







A 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 the highest building in the world for $880 million. The height of the building was not released during press conference since it is the policy to keep the exact height unveiled for the time being.



Emaar also released the announcement of awarding Burj Dubai Project to Samsung last night from Dubai.



Mohamed Ali Alabbar, Chairman of Emaar Properties, said: “Samsung Corporation has been awarded this contract because it matches Emaar's global quality standards and processes which have become benchmarks for real estate developers around the world. The company has an impeccable reputation and unrivalled expertise in constructing tall towers. Samsung Corporation's appointment is a defining moment and the Tower is set to rise and change the face of Dubai. The Tower represents the next stage of growth for Emaar and will be the basis for future developments and act as signpost for the ambitions of the region.”



Samsung is 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 460,000 square meters.



Ground will be broken next month for completion by November 2008. The Burj Dubai Tower will include a luxury hotel, apartments, offices.



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.



/ Hankooki.com





12-10-2004 17:08

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