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- Dubai 04:35 05:51 12:21 15:49 18:46 20:03
Nakheel Chairman Ali Rashid Ahmed Lootah said the company was dealing with 1,000 trade creditors
Dubai-based property developer Nakheel will restart work on at least six mega Dubai projects early next month.
Jumeirah Park, Al Furjan, Jumeirah Village, Jumeirah Islands Mansions, Jumeirah Heights Clusters and Al Badrah are the first projects likely to resume.
“Nakheel is currently engaging contractors in the short-term projects with a view to continuation in the coming weeks. We expect that all short-term projects will be fully mobilised by early October 2010,” The National reported on Tuesday quoting a company statement.
Contractors last month started to receive payments from the developer the Palm islands, paving the way for resumption of stalled projects around the emirate.
Nakheel Chairman Ali Rashid Ahmed Lootah said the company was dealing with 1,000 trade creditors. Companies including Arabtec Construction and Halcrow, a UK engineering firm involved in the Palm Jumeirah, have confirmed they received initial payments from Nakheel.
Ziad Makhzoumi, the chief financial officer of Arabtec, which stopped work on Al Furjan in January, said recently the project would restart soon.
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