Tuesday, June 08, 2010

Nakheel resumes stalled projects, disburses contractor payments

Nakheel, the property arm of Dubai World, has begun paying away contractors who owed less than Dh.500,000 and will resume work on short-term projects within weeks, a Nakheel spokesperson has announced.

Nakheel has begun to pay claims by contractors that carry a value less than Dh.500,000, the spokesperson confirmed, although he did not reveal a total value or the number of claims under Dh.500,000.

Construction will begin on all short-term projects that were delayed to restructure the company, and the work will resume in weeks, the spokesperson has confirmed.

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