Businessmen look at a model of the Nakheel Harbour & Tower project, in Dubai, United Arab Emirates, Sunday. [AP]

The Dubai-based real estate developer Nakheel announced Sunday that it plans to build a one- kilometer-high tower in the commercial and financial hub of the United Arab Emirates (UAE), Emirates News Agency reported.

The tower is part of Nakheel's new community project named "Harbor & Tower" which will include the world's first inner city harbor, according to the report.

The tower will have four individual towers within a single structure. A distinctive crescent-shaped podium will encircle its base.

Situated in the center of the emirate of Dubai on the highway linking Dubai and the UAE capital Abu Dhabi, the Harbor & Tower will cover an area of more than 270 hectares and become home to more than 55,000 people and a workplace for 45,000 more.

Once completed, the tower will replace Burj Dubai, or Dubai Tower in Arabic, a skyscraper built by another Dubai-based real estate developer Emaar, as the tallest man-made structure in the world.

"It sends another message to the world that Dubai has a vision like no other place on earth," said Sultan Ahmed bin Sulayem, chairman of Nakheel's parent company Dubai World.

Emaar announced last month that Burj Dubai had reached a new record height of 688 meters. Burj Dubai became the world's tallest man-made structure after surpassing the KVLY-TV mast in North Dakota, the United States, in April.

(Xinhua News Agency October 6, 2008)