Trump Tower delayed indefinitely

Work on the Trump International Hotel and Tower project has been suspended indefinitely.

Nakheel, which was developing the project, first called a halt at the end of last year.
The Al Habtoor Leighton Group has spent the past few months making the site safe and preparing it for a possible resumption of work, according to David Savage, the managing director, but it is not known when the project will resume.

“Initially they thought it would be six to 12 months, but the honest answer’s going to depend on what happens in the market,” Mr Savage said Wednesday. “It’s a high-end product, so it’s got quite an unusual market.”