'Fast & Furious' Paul Walker to star in 'Skyscraper'

Paul Walker has signed on to star in action-thriller Skyscraper.

The Fast Five actor will also serve as executive producer on the project for his own Laguna Ridge Pictures label and Universal Pictures.

Skyscraper is the first product on a two-year first-look agreement between the two studios. Fast & Furious producer Neal H Moritz will oversee the movie's development, Reuters reports.

"It is impossible that the Fast & Furious franchise would have become the phenomenon that it has without Paul's imprint on the series," Universal chairman Adam Fogelson and co-chairman Donna Langley said in a joint statement.

"We're excited to be the beneficiaries of his creative work as he branches out as a filmmaker and tackles the projects as a producer."

Walker is currently working on New Orleans-set thriller Hours, on which he is also a star and executive producer. He is expected to follow this with the sixth instalment in the Fast and the Furious franchise.

Watch a trailer for Fast Five below: