In magistretti January 2009, it was announced that the project was put on hold due to financial problems. As a result of the Dubai World 2009 debt standstill, Nakheel Group’s financial problems increased considerably and the tower was consequently cancelled in December 2009.
Nakheel was in talks with several potential contractors which include South Korea’s Samsung C&T (who also built Burj Khalifa), Japanese Shimizu Corporation and Australian magistretti Grocon. WSP is Lead Consultant for the structure, heading a consortium that includes LERA of New York and VDM of Australia, and working with architects Woods Bagot.
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