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Azerbaijan Aims to Build World's Tallest Building

Azerbaijan is setting its sights on construction of the world's tallest building.

Tentatively named Azerbaijan Tower, the planned 1,050-meter structure will dwarf Dubai's Burj Khalifa to look over Baku's largest development project, which is planned to include dozens of artificial islands and a Formula One racetrack.

The planned 41 islands will dot the Caspian Sea and will be connected by 150 bridges.

"One million people will live here...It will be Venice, new Venice," said Ibrahim Ibrahimov, the head of real estate developer Avesta.

Ibrahimov said that American, Turkish, Arab and Chinese investors have already showed their interest in the project which is expected to cost some $100 billion.

Ibrahimov said the project will be completed between 2020 and 2025.

Construction work is currently underway on a road system which, will include the Formula One quality racetrack.

Source: Reuters

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