The global economy may have hit rock bottom but exciting plans have been unveiled for a record-breaking building which would be sky high.
Ambitious Dubai developer Nakheel wants to build a 1km (3,280ft) tall tower which would boast more than 200 floors and be the highest in the world.
'This is a complete iconic development,' said Christopher O'Donnell, chief executive of Nakheel, which was also behind Dubai's man-made islands in the shape of a palm tree.
'It may be the tallest. Someone may build something taller.' The Nakheel Tower would be part of a multi-billion-pound development in Dubai.
It would include 150 lifts and be built with 500,000m3 of concrete.
Mr O'Donnell shrugged off fears that the plan would be financially impossible during the global economic crisis.
'It was always going to be a project that would take ten years-plus,' he said. 'When you go about trying to fund a project like this, you have to take account of the economic cycles.'
As well as the landmark structure, there will be another 40 towers, ranging in height from 20 floors to 90 floors.
The entire development will be home to more than 55,000 people.
'There is nothing like it in Dubai. Nakheel Harbour and Tower is located in the heart of ''new Dubai'', where we have focused on creating a true community,' said executive chairman, His Excellency Sultan Ahmed bin Sulayem.
The tallest building in the world at present is the Burj Dubai, also in Dubai.
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