World's Fifth Highest Skyscraper To Be Built In Indonesia
According to The Financial Times, Artha Graha group director Tomy Winata plans to build a 111-storey tower, which will be the world's fifth tallest skyscraper upon completion in five years' time. The tower will build the Danayasa Arthatama, an Artha Graha subsidiary company focused on the property sector. The US$ 2 billion tower will rise 534.5 meters above ground level according to the architect's plans. As reported the newspaper the MGM Resorts International, a US-listed casino and hospitality group, will manage a luxury hotel on the top 20 floors of the building. The Signature Tower will be built in the Sudirman Central Business District, a 45 hectare development controlled by Mr. Winata's business group and home to the Indonesia Stock Exchange and many banks and international companies.
Today many skyscraper projects are still on paper. UAE planned to build 1400-meters tall "Nakheel tower", but its construction was delayed. Saudi Arabia also plans to build the 1010-meters tall "Kingdom Tower" in Jeddah. In January of this year, Azerbaijan also announced, that its Avesta concern decided to build 1050 meters tall "Azerbaijan Tower" in "Caspian Island".
