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Arab investors buck world trend with signature office tower for Guatemala

Thursday, August 12, 2010


Guatemala City isn't a popular choice among international property investors scouting for locations to build a signature office tower.
 
Yet, construction has begun on a downsized replica of one of the Middle East's most iconic modern structures, Dubai's sail-shaped Burj Al Arab Hotel.
 
But the most impressive aspect about the building is not its architecture; it is the fact that it is even being built that astonishes locals. During the recent global economic downturn, construction projects were cancelled across the world.
 
Original source: Knowledge Wharton