2016-02-04economyandmarkets.com

The Council on Tall Buildings and Urban Habitat expects 135 skyscrapers to be finished in 2016, and another 140 in 2017. And get this: the Council says the number of "supertall" skyscrapers (300 meters or higher) has doubled from 50 in 2010... to 100 in 2015 -- just five years in the most artificial global bubble in human history. No coincidence there, either...

China has plans to complete another project in 2017 -- the Phoenix Towers in Wuhan, south-central China. The tallest will be the first ever to stand one kilometer high, or 3,280 feet. Oh, and it's going to be pink! Saudi Arabia has plans to complete their own 3,280-foot Kingdom Tower by 2019 -- just as oil has been crashing and its government deficits are swelling. It's just a big ego game to these up-and-coming countries!

Frankly, I don't give that one much chance of happening. If the global economy slows as much as I expect, some of these building slated for 2017 or later will get postponed, if not canceled.



Comments: Be the first to add a comment

add a comment | go to forum thread