By  on January 5, 2010

MILAN — Despite Dubai’s recent financial woes and estimated debts of $80 million, the Burj Khalifa tower, widely advertised as the world’s tallest building,opened on Monday. Giorgio Armani SpA said the company’s first hotel, which will be located in the tower, will be officially unveiled in Dubai on March 18, marking the designer’s hotellerie debut in collaboration with real estate firm Emaar Properties PJSC.

Standing at 2,625 feet and 160 stories, the tower, also developed by Emaar, was unveiled with a major celebration of fireworks and in the presence of the city’s ruler, Sheikh Mohammed bin Rashid Al Maktoum.

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