Kuala Lumpur will see a 65-storey Four Seasons building rise up alongside its iconic 88-storey Petronas Twin Towers, a report said today.

The tower, which will include a hotel, apartments and a shopping mall, will be completed by 2012 despite the global economic crisis, developer Syed Yusof Syed Nasir told the New Straits Times .

The daily said the project, known as Four Seasons Place, was being built by a firm controlled by Syed Nasir along with Malaysian tycoon Ong Beng Seng and the Sultan of Selangor.

"We are committed to the project even during the downturn," Syed Nasir said.

The daily said the 140 apartments in the project would be sold for about RM2,500 per square foot.

The 452-metre Petronas Twin Towers which were completed in 1998 were the world's tallest buildings until they were upstaged by the 509-metre-high Taipei 101 in Taiwan's capital.

- AFP