A developer in Azerbaijan has unveiled plans to build the world’s tallest building, eclipsing Dubai’s 828 meters tall Burj Khalifa by a full 27%.

Property Company Avesta said that the 1050 meters superscraper would form part of a chain of 41 artificial islands in the Caspian Sea with construction scheduled to start in late 2013.

The tower would also bypass the Prince Alwaleed backed Kingdom Tower the 1,000 meters building set to begin construction in Jeddah in the Q1.

Mr Kana Guluzade marketing director of Avesta said that the tower had initially been designed at 560 meters but had nearly doubled under the latest version of the development.

The superscraper will house a business centre at the heart of the Khazar Islands project, to be located 15 miles south of the Azerbaijan capital Baku.

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 828 meters height.

The most recent, the USD 1.2 billion Kingdom Tower is being designed by Chicago based design firm Adrian Smith + Gordon Gill Architecture. Smith was also the architect behind the Burj Khalifa.

Kingdom Tower is set to be constructed in Phases III over 5 years. It will be located in the Phase I of Kingdom City, 5.3 m mixed use development north of Jeddah which overlooks the Red Sea and Obhur Creek.

(Sourced from www.arabianbusiness.com)