Nakheel seeks private finance to build Palm Jumeirah shopping mall - The National:
"Nakheel is seeking private finance to build a Dh2.5 billion shopping mall on the Palm Jumeirah as the developer moves further into the retail and leisure sectors.
The Nakheel chairman, Ali Rashid Lootah, said yesterday that the company hoped to issue a tender for the 424,000 square metre shopping centre in the centre of the Palm Jumeirah by the end of the year.
He said the company was looking to develop the multibillion dirham scheme through a build, operate, transfer mechanism - a form of privately financed construction that is currently being used by Nakheel and its private finance partner, New Mall Limited, to build a 177,000 sq metre extension to the Dragon Mart shopping centre in Dubai."
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