Emaar denies that Burj Dubai completion will be delayed
"Burj Dubai, on course to become the tallest tower in the world, will face no delays on account of cladding works.
The new joint venture between Arabian Aluminium Company and the Far East Aluminium Works Company, which undertakes cladding, will work to an accelerated programme to ensure that the completion date remains unchanged," an Emaar spokesperson told Khaleej Times yesterday in response to speculation about possible delays to the $900 million tower.
Emaar Properties, one of the world's largest property developers, is behind the project.
Speculation over when Burj Dubai will be completed, scheduled for the end of next year, has arisen following the bankruptcy of Swiss-based cladding company, Schmidlin Ltd Façade Technology. Although the company filed for bankruptcy in February 2006, knowledge of the company's demise and its impact on the tower's completion date has only recently come into the public domain.
The company was involved in the high-end façade business, where there is high pressure on margins and intense competition. It was involved in about 32 projects around the world, including the Burj Al Arab and the Swiss Re tower in London.
The company has said bankruptcy was brought about by losses incurred in major projects and by calculation errors that were only discovered after the introduction of a new accounting system.
The Burj Dubai is expected to be at least 160 floors — the final floor count is confidential — and it is 103 stories high. Source
The new joint venture between Arabian Aluminium Company and the Far East Aluminium Works Company, which undertakes cladding, will work to an accelerated programme to ensure that the completion date remains unchanged," an Emaar spokesperson told Khaleej Times yesterday in response to speculation about possible delays to the $900 million tower.
Emaar Properties, one of the world's largest property developers, is behind the project.
Speculation over when Burj Dubai will be completed, scheduled for the end of next year, has arisen following the bankruptcy of Swiss-based cladding company, Schmidlin Ltd Façade Technology. Although the company filed for bankruptcy in February 2006, knowledge of the company's demise and its impact on the tower's completion date has only recently come into the public domain.
The company was involved in the high-end façade business, where there is high pressure on margins and intense competition. It was involved in about 32 projects around the world, including the Burj Al Arab and the Swiss Re tower in London.
The company has said bankruptcy was brought about by losses incurred in major projects and by calculation errors that were only discovered after the introduction of a new accounting system.
The Burj Dubai is expected to be at least 160 floors — the final floor count is confidential — and it is 103 stories high. Source
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