The World isn’t dead; it’s “in a coma.”This misleadingly apocalyptic statement came from a lawyer representing troubled Nakheel, developer of Dubai’s “The World”, an archipelago of artificial islands reclaimed a few kilometres off the emirate’s coastline.
Nakheel, which is being restructured alongside the $25bn restructuring of debts at its parent Dubai World, argues that the project could be revived from its dormant state in a few years’ time.
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