Nakheel resumes stalled projects, disburses contractor payments
Nakheel, the property arm of Dubai World, has begun paying away contractors who owed less than Dh.500,000 and will resume work on short-term projects within weeks, a Nakheel spokesperson has announced.
Nakheel has begun to pay claims by contractors that carry a value less than Dh.500,000, the spokesperson confirmed, although he did not reveal a total value or the number of claims under Dh.500,000.
Construction will begin on all short-term projects that were delayed to restructure the company, and the work will resume in weeks, the spokesperson has confirmed.