Nakheel Offers To Pay 65% Of Unpaid Fees

Wednesday, 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

Get Expert Advice!
Bayut.com Community

Bayut.com Awards & Achievements