Nakheel Offers To Pay 65% Of Unpaid FeesWednesday, May 13, 2009
Dubai-based developer Nakheel is offering engineering consultants and contractors 65% of the money it owes them, according to a report by New Civil Engineer magazine. The state-owned company owes consultants up to $305m, the magazine reported. The developer will make the offer in exchange for consultants waiving their legal rights to further payment. Source: AME Info
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