Dubai Burj Opens Tall in Economic Slump
Burj Khalifa, the tallest building in the world, officially opened to a spectacular display of fireworks, light, sound and water in Dubai on Monday. The majestic 160 storey building – touching 828 meters and its surroundings – were developed at the cost of a whopping 22 billion US dollars.
Originally referred to as Burj Dubai, the Khalifa was later named after the ruler of neighbouring Abu Dhabi, who in November provided a multi-billion-dollar bailout to help Dubai’s biggest developer avoid a huge debt default.
The impressive opening was widely accepted to be a public relations blitz conceptualized with the aim to overcome the negative publicity the emirate has received during recent months.
According to the developers over 90 per cent of the building has been sold.
