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Nakheel denies The World is washing away

Chris O'Donnell, chief executive of Dubai-based Nakheel has rejected reports that The World development is washing away and said it is in talks to sell a remaining 30% of the delayed project, Reuters has reported. "The World islands are definitely not sinking, washing away or eroding," O'Donnell told reporters. Last year, Nakheel described media reports about the sinking of the islands as "wholly inaccurate."