Indonesian developer PT Danayasa Arthatama is seeking funding for the proposed Signature Tower in Jakarta, which is slated to be the world's fifth tallest building upon completion. The company's director announced negotiations with "several local and foreign banks," which are interested in providing loans for the project.

The Signature Tower will be 638 meters (2,100 feet) tall with 111 stories, at an estimated cost of $2 billion, according to the Jakarta Post.

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Find previous CTBUH coverage of Jakarta's Signature Tower here.