South Korean construction firm Samsung C and T said Friday that a real estate developer in the United Arab Emirates has scrapped a 1.08 billion dollar order.
Samsung said Dubai-based Nakheel cancelled the deal to build apartments, shopping malls and other commercial structures by October 2013.
"The cancellation came via unilateral notification by the contractor," the firm, a unit of South Korea's biggest business group, said in a statement. It declined to give details.
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