World Trade Center reopens for business

Updated 03 November 2014
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World Trade Center reopens for business

NEW YORK: The resurrected World Trade Center has again opened for business, 13 years after the 9/11 terrorist attack — marking an emotional milestone for both New Yorkers and the nation.
Some staffers of publishing giant Conde Nast began working at 1 World Trade Center on Monday.
The 104-story, $3.9 billion skyscraper dominates the Manhattan skyline. The publishing giant becomes the first commercial tenant in America's tallest building.
It's the centerpiece of the 16-acre site where the decimated twin towers once stood and where more than 2,700 people died on Sept. 11, 2001, buried under smoking mounds of fiery debris.
"The New York City skyline is whole again, as 1 World Trade Center takes its place in Lower Manhattan," said Patrick Foye, executive director of the Port Authority of New York and New Jersey, which owns both the building and the World Trade Center site.
The agency began moving into neighboring 4 World Trade Center last week.
He said 1 World Trade Center "sets new standards of design, construction, prestige and sustainability; the opening of this iconic building is a major milestone in the transformation of Lower Manhattan into a thriving 24/7 neighborhood."
With construction fences gone and boxes of office equipment in place, the company moved into what Foye called "the most secure office building in America."
Prior to the move, Conde Nast addressed any issues employees might have had about moving into the tower. The architectural firm, T.J. Gottesdiener of the Skidmore, Owings & Merrill, says it took extra measures to strengthen the steel-and-concrete structure. It says it is a much stronger structure than the twin towers.
Only about 170 of the company's 3,400 employees are moving in now, said Patricia Rockenwagner, a Conde Nast vice president and spokeswoman.
About 3,000 more will arrive by early 2015 to fill five floors of the tower.
The building is 60 percent leased, with another 80,000 square feet (7,430 sq. meters) going to the advertising firm Kids Creative, the stadium operator Legends Hospitality, the BMB Group investment adviser, and Servcorp, a provider of executive offices.
The government's General Services Administration signed up for 275,000 square feet, and the China Center, a trade and cultural facility, will cover 191,000 square feet.
The eight-year construction of the 541-meter high skyscraper came after years of political, financial and legal infighting that threatened to derail the project.
The bickering slowly died down as two other towers started going up on the southeast end of the site: the now completed 4 World Trade Center whose anchor tenant is the Port Authority, which started moving in last week, and 3 World Trade Center, which is slowly rising.
The area has prospered in recent years beyond anyone's imagination. About 60,000 more residents now live there — three times more than before 9/11 — keeping streets, restaurants and shops alive even after Wall Street and other offices close for the day.
Still, it's a bittersweet victory, one achieved with the past in mind as the architects created 1 World Trade Center.
T.J. Gottesdiener of the Skidmore, Owings & Merrill told The Associated Press that the high-rise was built with steel-reinforced concrete that makes it as terror attack-proof as possible.
He said the firm went beyond the city's existing building codes to achieve that.
"We did it, we finally did it," he said.


Free trade negotiations between GCC, India mark new phase of partnership, says sec-gen

Updated 24 February 2026
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Free trade negotiations between GCC, India mark new phase of partnership, says sec-gen

RIYADH: The Gulf Cooperation Council’s secretary-general affirmed that the negotiations for a free trade agreement between the GCC and India, and the signing of the joint statement, represents a new phase of strategic partnership.

Jasem Mohamed Al-Budaiwi said that this contributes to enhancing close cooperation and strengthening economic and trade ties, according to the Saudi Press Agency.

This came during the signing ceremony of the joint statement on launching the free trade agreement negotiations between the Al-Budaiwi and India’s Minister of Commerce and Industry, Piyush Goyal, which took place in New Delhi, on Tuesday.

During the signing ceremony, Al-Budaiwi said that the Terms of Reference, signed on Feb. 5, provide a comprehensive and clear framework for these negotiations. The two nations agreed to discuss enhancing cooperation in vital strategic areas, including trade in goods, customs procedures, and services.

Additionally, the framework covers Sanitary and Phytosanitary measures, intellectual property rights, cooperation on Micro, Small, and Medium Enterprises, along with other topics of mutual interest. This reflects the comprehensive nature of the agreement and its ability to keep pace with the future economy.

Al-Budaiwi expressed hope that these negotiations would lead to a comprehensive and ambitious free trade agreement that works to remove customs and non-customs barriers, enhance the flow of quality investments in both directions, and achieve further liberalization in trade and investment cooperation between the GCC and India for mutual benefit. 

This would provide a stimulating economic environment and an investment climate that opens broad horizons for the business sector, supports supply chains, and accelerates the pace of economic growth in line with the ambitious developmental visions of the GCC states. 

The top official affirmed the full readiness of the General Secretariat to host the first round of negotiations at its headquarters in Riyadh during the second half of this year.

The two sides held a meeting during which they reviewed the existing cooperation relations between the GCC and India and discussed ways to develop and elevate them to broader horizons, serving mutual interests and enhancing opportunities for strategic partnership between the two sides, particularly in the economic, investment, and trade fields.

They praised the role undertaken by the negotiating teams from both sides, appreciating the efforts contributing to reaching a comprehensive agreement that enhances economic integration and supports the smooth flow of trade between the two nations.