Dubai ready to present $26 bln debt plan -sources

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Dubai World to present plan on March 24 - sources

Dubai World [DBWLD.UL] will present plans to restructure its $26 billion debt pile to creditors this week, with details emerging as soon as Wednesday, sources familiar with the discussions told Reuters.

The plan on how the Gulf Arab emirate plans to repay its commitments will be discussed with an informal committee, which represents 97 creditors to the state-owned conglomerate, in Dubai, said the sources, who spoke on condition of anonymity.

State-owned Dubai World, which has ringfenced key assets such as ports operator DP World DPI.DW from the restructuring, has been in talks with a panel made up of seven banks.