Dubai’s Emaar Adds New Contract Clause After Project Delays
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Emaar Properties PJSC, the Dubai-based developer of the world’s tallest tower, is adding a new clause to contracts in response to project delays.
The missed deadlines are a “real source of concern” and were caused by plans being changed during construction, Emaar founder Mohamed Alabbar wrote in a letter to employees, a copy of which was seen by Bloomberg.