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Nakheel to help The World developers
- United Arab Emirates: Thursday, January 08 - 2009 at 09:22
Nakheel is in discussions with banks to devise finance packages for sub-developers on The World development, The National has reported. The master developer is also working on new payment plans for island owners who are struggling to fund their investments as a result of the global financial crisis, said Hamza Mustafa, the managing director for the project. Six developers are expected to begin work on their projects this year, meaning a total of 25 islands owned between them will start construction.
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Jeff Florian, Senior ReporterThursday, January 08 - 2009 at 09:22 UAE local time (GMT+4)
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