Construction on what will be the world's third tallest building started Wednesday in central China's Wuhan City, capital of Hubei Province, a spokesman for the developer said Thursday.

World's 3rd tallest skyscraper in?Wuhan.

The skyscraper will be 606 meters tall when construction finishes in five years.

The developer, Shanghai Greenland Group, has invested about 30 billion yuan (about 4.5 billion U.S.dollars) in the project.

The building, named the Wuhan Greenland Center, will have luxury hotels, apartments and a conference center inside.

The world's tallest building is the 828-meter high Dubai Tower in the United Arab Emirates.

The 632-meter high Shanghai Tower will be the world's second tallest building when construction on it finishes in 2014.