Dubai names tallest building after bailout patron - Spokane, North Idaho News & Weather KHQ.com

Dubai names tallest building after bailout patron

DUBAI, United Arab Emirates. - Now that the world's tallest skyscraper is officially open, the world is learning just how tall it is.
     
During a lavish presentation in Dubai, witnessed by thousands of onlookers, the height of the building was announced at 2,717 feet.
     
In a surprise move, Dubai renamed the gleaming glass-and-metal tower after the leader of neighboring Abu Dhabi, which came to the rescue of Dubai during its ongoing financial crisis.
     
Abu Dhabi, which controls nearly all of the oil wealth in the United Arab Emirates, provided direct and indirect injections of $25 billion last year.
     
Developers of the new tower say it cost about $1.5 billion to build.
     
It's described as a "vertical city" of luxury apartments and offices. It features four swimming pools and a private library.
     
It's more than twice as high as the roof of the Empire State Building in New York.

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