Dubai Holding sidelines $20 billion property project:
"Dubai Holding has put on hold plans to develop Jumeirah Central, its $20 billion office, retail and residential project in the heart of Dubai, it said on Monday. “Dubai Holding is prioritizing projects that will be ready for Expo 2020 Dubai and those that will help draw tourists to the emirate. As a result, we are currently focusing our resources on projects such as Marsa Al Arab,” it said. Dubai is hoping to attract 20 million visitors a year by 2020 when it will host the World Expo 2020 exhibition."
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