Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Nakheel Restarts Work on Delayed Projects, Al Bayan Reports

May 17 (Bloomberg) -- Nakheel PJSC, the Dubai World-owned property company seeking to restructure $10.5 billion of debt, restarted work on projects that have been put on hold, Al Bayan reported, citing people it did not identify.

The company has put out tenders for consulting companies to review and evaluate requests to continue construction, the newspaper said.

Nakheel is encouraging buyers of deferred projects to merge their property, sell it to a third party or move to five other projects which will be completed by next year, Al Bayan said.

Projects that are currently suspended are Trump Tower, Dubai Lake District and Dubai Promenade, the newspaper said.

To contact the reporter on this story: Zahraa Alkhalisi in Abu Dhabi at zalkhalisi@bloomberg.net

To contact the editor responsible for this story: Shaji Mathew at shajimathew@bloomberg.net

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.