Nakheel remains committed to Palm Jebel Ali project in Dubai | The National

Nakheel remains committed to Palm Jebel Ali project in Dubai | The National:

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The Nakheel chairman, Ali Rashid Lootah, said the Palm Jebel Ali project will be built – but not in the short term.

In an interview with Al Ittihad, Mr Lootah said that dropping the project was out of the question and the company was committed to completing all of its announced projects on a schedule that responds to market needs.

He said that as part of a restructuring of the company’s financial and commercial debt, the board has decided to categorise the company’s projects as those to be implemented in the short term, such as Al Furjan, Jumeirah Park, Jumeirah Village, Jumeirah Heights, Jumeirah Island and Badra, and those to be implemented in the long term such as Jebel Ali Palm."

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