Browse related articlesNakheel to scale back projects
United Arab Emirates: Tuesday, November 18 - 2008 at 08:13
Dubai-based Nakheel plans to scale back some of its projects because of the global economic slowdown, Bloomberg has reported. The state-owned developer said it will reassess its 'immediate business objectives to accommodate the current economic climate'. Nakheel did not provide details of the projects that are being reassessed, but the developer said it will not affect company's long-term business objectives and is a responsible approach in line with current global economic conditions.
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Jeff Florian, Senior ReporterTuesday, November 18 - 2008 at 08:13 UAE local time (GMT+4)
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