Dubai's Emaar Properties [EMAR.DU] plans to build a new tower in the emirate to surpass the Burj Khalifa, currently the world's tallest building, Chairman Mohamed Alabbar told reporters on Sunday. Alabbar would not confirm the height of the proposed new tower, saying only that it would be "a notch" taller than the Burj Khalifa, which stands at more than 828 metres. Supported by a matrix of cables, the futuristic tower will anchor the redevelopment of the Dubai Creek. The building is expected to be completed for the Dubai Expo trade fair in 2020, the same year that the kilometre-high Kingdom Tower in Jeddah is due to overtake the Burj Khalifa as the world's tallest building. Funding for the USD1 billion project will be 50% equity and 50% debt, Alabbar said. (Reuters)