A developer in Azerbaijan has unveiled plans to build the world's tallest building, eclipsing Dubai's 828m-tall Burj Khalifa by a full 27 percent.
Property company Avesta has stated that the construction of the 1050m superscraper is scheduled to begin in 2013.
On completion, the tower will include a Four Seasons hotel, apartments, offices, three lobbies on the upper floors and the world's highest observation deck on the 157th level. Located 15 miles south of the Azerbaijan capital Baku, it is hoped that the impressive skyscraper will be the start of major building project in the country, and form the centre piece of a chain of 41 artificial islands in the Caspian Sea which will house a business centre, with the aim of stimulating economic growth.
Dubai's Burj Khalifa, named the world's tallest tower following its launch in 2010, has seen a number of developers announce plans to eclipse its 828m height. The most recent contender, the 1,000m, $1.2 billion Kingdom Tower in Jeddah is due to start in the first quarter of 2012. However the new tower in Azerbaijan will, when constructed, be even taller.