Nakheel CEO talks Dubai construction and growth | The National:
"Back in 2009, Nakheel was the barometer of the Dubai economy, and the pressure was falling fast.
As the company responsible for some of the emirate’s most jaw-dropping properties, most notably the Jumeirah Palm and The World archipelago, Nakheel had done a good deal to create Dubai’s global image.
Nakheel executives do not like the word bling, but that was the image often associated with the company, and with the emirate, and Nakheel was the bling merchant par excellence.
But at the height of the financial crisis, there was little glamorous in what was happening at Nakheel. The develper was responsible for the lion’s share of debts owned by Dubai World, which threatened the health of the Dubai financial system."
'via Blog this'
No comments:
Post a Comment