WCT overcomes final hurdle in Dh1bn legal claim against Meydan | The National:
"The Malaysian contracting company WCT on Wednesday won its long-running dispute with the developer Meydan Group over the construction of the Nad Al Sheba racecourse in Dubai.
WCT said that it had been awarded by the Dubai International Arbitration Centre (Diac) a final settlement in the case worth Dh1.1 billion, as well as arbitration costs of Dh8.2 million and legal costs of Dh26.7m.
The Malaysian group and its 50-50 joint venture partner Arabtec were awarded a Dh4.6bn contract to build the racecourse by Dubai-based Meydan Group in 2007. The contract was due for completion in October 2009."
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