Saturday, February 2, 2013

Dubai ruler approves $898m Nakheel projects



Dubai ruler Sheikh Mohammed bin Rashid Al Maktoum has ordered work to start on two major Nakheel projects on the Palm Jumeirah.
Sheikh Mohammed, also vice president and prime minister of the UAE, gave the directive after being briefed on plans to build the Nakheel Mall and the Pointe.
The two projects will cost a total of AED3.3bn, news agency WAM reported on Saturday.
The Nakheel Mall project will be built on the beachfront at the bottom of the trunk of the Palm Jumeirah at a cost of AED2.5bn.
http://www.arabianbusiness.com/dubai-ruler-approves-898m-nakheel-projects-488045.html

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