Wednesday 5 May 2010

Sama Dubai Halted Work in Morocco, Oman, State Officials Say - Bloomberg.com

Sama Dubai Halted Work in Morocco, Oman, State Officials Say - Bloomberg.com


Sama Dubai LLC, part of the group building a Tiger Woods golf resort in the emirate, said it’s committed to projects in Morocco and Oman after government officials from those countries said its work had stopped.

Sama pulled out of the $3 billion Amwaj development in Morocco and construction was halted on the $1.7 billion Salam Yiti development in Oman, tourism ministry officials said.

“International investors are still there,” Moroccan Tourism Minister Yassir Zenagui said in an interview in Dubai. “But some of them have pulled back, such as Sama Dubai from the Emirates.

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