A Dubai development group has released plans for a colossal skyscraper over a full kilometer in height. The building, dubbed Nakheel Towers after its developer, will be the centerpiece of a new harbor development which Nakheel hopes will become the nation's new “unofficial” capital.
With the current record holder, the 2700-foot tall Burj Dubai, nearing completion nearby, this new structure would dwarf it by more than 600 feet. The building will have over 200 floors and 150 elevators. Special high-speed elevators will be fast enough to allow residents to view a sunset twice an evening: once from the bottom, and again from the top floor. The air temperature at the top floor could be as much as 18 degrees cooler than at ground level.
The entire complex will be home to some 55,000 people, a workplace for 45,000 more, as well as hosting art and cultural developments.
Speaking at a press conference in Dubai yesterday, Sultan Ahmed bin Sulayem, president of Nakheel holding company Dubai World, said the entire project will cost some $38B. "There is nothing like it in Dubai", he said.
Nakheel CEO Chris O'Donnell said he is confident that, despite troubled world financial markets, the firm will have no trouble raising the $5B/year the project requires. O'Donnell said, "when you go about trying to fund a project like this, you have to account for the economic cycles".
Nakheel currently has $60B worth of projects under construction.
Ground breaking has already commenced on the complex according to bin Sulayem. In addition to Nakheel Tower and the harbor development, some 40 smaller skyscrapers ranging up to 90 stories will also be constructed. The complex will be built in phases, and is due for completion in 2019.
The design is said to be inspired by various icons of Islamic architecture, such as Egypt's Alexandria harbor, the Alhambra in Spain, and the palaces and bridges of Esfahan in Iran.
But even as the announcement was made, rumors of a far larger building -- to be built in Saudi Arabia -- began to swirl. The competitor, said to be in pre-planning by Saudi Prince Alwaleed bin Talal's Kingdom Holding, may be as much as a mile high, nearly twice as tall as Burj Dubai. The building's site would be in the Red Sea port of Jeddah, in Saudi Arabia
The nation of Kuwait is also working on plans for its own kilometer-high skyscraper, the Burj Mubarak.
Nakheel previously constructed the Palm Islands, a group of artificial islands off the coast of Dubai, built in the shape of a palm tree, as well as ”The World”, an artificial archipelago built in the shape of the planet Earth.
quote: some retard with shit for brains and an affinity for penis-shaped buildings decides to build yet another one of these things, and you guys immediately turn it around and start talking about oil... bravo!
quote: Before September 11, World Bank figures show Middle Eastern oil exporting countries were plowing as much as $25 billion a year into U.S. investments. For the three years of 2001-03, the figure reached $1.2 billion.
quote: You cannot go to Dubai if you have an Israeli passport.
quote: They are also using more or less indentured servants to build this great metropolis.
quote: I could go into the way women are treated the same as in Iran but why bother.
quote: So I guess that making the mental connection between the oil market and Dubai's economic explosion is beyond your faculties?
quote: Drilling for oil in the US would only moderately lower worldwide oil prices, since oil is a commodity. Middle Eastern oil would just get bought by China or Japan if the US wasn't buying it. Also, US oil companies would not sell for less than market price unless mandated by the government. So, the benefit for you and me is pretty small. Not drilling for oil in the US means that US oil reserves will still exist when everyone else runs out...
quote: we ally with China and Russia
quote: We need to start clearing out some annoying groups of people. Middle east is annoying, they need to be dealt with. I foresee Africa getting quite annoying sooner or later with their constant wars that stop us from taking resources, as they seem to ignore them as a country.
quote: Most importantly, China doesn’t have the carrier battle groups and transport required for such a feat,
quote: until humans evolve again from the desolate Earth.
quote: It's a highly educated assessment conducted
quote: In any case, the USGS has never stopped surveying areas, even ones off limits to oil production.
quote: If you're living in the real world rather than fantasy land, it most certainly does. Basic supply and demand is a law not even the US government can legislate away.
quote: So? That increase will occur whether or not we drill. Exploiting ANWR and the OCS will dramatically lower oil prices from what they otherwise would be.
quote: There is NO DRASTIC changes for ANWAR and OCS since the production is long term. You will not suddenly pump out 4 billions. That is extracted in decades.
quote: He's saying they will drop slightly tomorrow (as the price of oil is based on the speculation of future supply/demand), and going forward it will continue to be lower than it would be if we didn't drill more.
quote: I will also like to tell you why drilling is liked by many Americans. You know why? It is the solution that LEAST affect the typical consumer. There is no sacrifice asked from drilling. Solar, wind, and reduce consumption means sacrifice. To many of us it means we can continue driving the stupid Hummer.
quote: I'm not sure about you but I rather sacrifice my driving habits than sending my friends to another god awful war. My little brother is about to finish college soon. God I hope we don't expand our military campaign in the next 2 years.
quote: As much as like the idea of drilling - the reality is - it is far from pragmatic.
quote: They drive high MPG cars, have always had $4/g gas prices
quote: and yet they have moved significant of their energy needs to solar.
quote: I think I can safely say that Nancy Pelosi uses more oil herself than any twenty readers of this board combined.
quote: Because she, more than any other politician in recent memory,
quote: Several weeks ago House Speaker Nancy Pelosi denounced efforts to expand offshore oil exploration as a hoax that would do nothing to solve our country's energy woes.Though it was clear that firm majorities in both houses of Congress support opening the outer continental shelf and restricted portions of the Gulf of Mexico to drilling, Pelosi made clear she would not allow it to come to a vote. Why? She said she was "trying to save the planet." So she adjourned the House for a five-week vacation
quote: Yes. five-week vacation http://www.nydailynews.com/opinions/2008/08/21/200...
quote: Err, no. The Clean Air Amendment that passed in 1976 made it impossible to build new refineries at current oil prices.
quote: Every year? Refiners were losing billions anually
quote: It's from six weeks ago...long after the oil crunch started.
quote: You're digging yourself in deeper here.
quote: here are no "public" refineries,
quote: And you do know that the industry decided to close refineries that could not meet environmental standards
quote: Hey Budai is a special place