Shanghai will open the world’s third-tallest skyscraper to the public tomorrow (August 30th 2008) , 14 years after the project began.

Total investment in the 101-story, 492-meter-high landmark project, located in Pudong’s Lujiazui Finance and Trade Zone, amounts to over eight billion Yuan (1.16 billion U.S. dollars).

This building will be the 2nd highest completed building in the world behind the Taipei 101. The Burj Dubai once completed will push this building to 3rd place.

The Shanghai World Financial Center (Abbr: SWFC; simplified Chinese: 上海环球金融中心; traditional Chinese: 上海環球金融中心; pinyin: Shànghǎi huánqiú jīnróng zhōngxīn) is a supertall skyscraper in Shanghai, China. It is a mixed use skyscraper which consists of offices, hotels, conference rooms, observation decks, and shopping malls on the ground floors. Park Hyatt Shanghai is the hotel component containing 175 rooms and suites.