Final Nakheel deal in two weeks, says report
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Final Nakheel deal in two weeks, says report

Final Nakheel deal in two weeks, says report

A final deal over Nakheel's debt repayment offer should be completed within two weeks, the head of the UAE Contractors' Association has said. The Dubai-based developer has 50% approval for the deal, Ahmed Saif Balhasa said in the Emirati newspaper Al Bayan, leaving it 15% shy of the necessary 65%. The last 15% should not be difficult to get he said, because of assurances given to creditors by Nakheel.

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