What are the research questions and key objectives?
Issues:
1. Evaluate the prospects of the world's tallest building in improving the economicprospects of a region.
The Prospects of the world's tallest building in improving the economic prospects of a region are not countable, but let's focus on a few. It's a great decision to start something extraordinary, something bigger and taller than everything existing that time. Impressive buildings are objectives for many tourists and a reason why people all around the world start to travel. People get thrilled by superlative architechture, scary hights and impressive architechture itsellf.
So called emblems cost tons of mony in advance, but they may bring back way more than the entry rates. The whole region gets more interesting and worth seeing. Burj Khalifa has not only been an architectural feature of the city but has also had a socio-economical impact.
2. Evaluate the economic benefits and costs associated with supertall structures.
The costs of supertall structures are immensly high compared to normal construction costs for ordinaray buildings.
The total construction cost of Burj Khalifa was $1,500,000,000.
Other buildings (smaller buildings) still may cost way more money than the Burj Khalif. It depends on the difficulty of the construction. It makes a big difference if you build a skyscarper made of glass or simple with cement. The one world trade center will cost around 3.9 billion and the Abraj Al Bait Towers will cost up to 15 billion US Dollars, even when they are "smaller" as the Burj Khalif. Still important is the complexity of the construction.
The benefits mostly don‘t justifiy the extraordinary high costs, the building is more a symbol for the wealth of a country than really worth the money. BEfore starting a project you never know how much you will get in reward, so there's unsecurity. Maybe the entry fee and the rent won't pay the building soon, but all the people who start travelling to Dubai to see it and spend money in every section of business in Dubai, they will be a bigger reward for the country itself.
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3. Recognize the risks associated with long-term projects
There are many risks associated with long-term projects. The time you start a project you'll never know if it will work out the way it was planned. So one big issue is your insurance. What happens when the project won't work out? Who pays the workers and the loss?
Probably a few treaties are already made with companies who want to work in that bulding or rent these rooms.. how do you get out of these treaties again?
Who will pay if the costs rise way higher then expected?
Are there any climate / political reasons why there are problems for the project? Possible wars?
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