|
|
|
Dubai-based master developer Nakheel, which is behind the Trump International Hotel and Tower, has said it has “nothing new to say about Trump Tower.”
The comments were made in response to a story by Construction Week on the first day of Cityscape where Donald Trump Jr, heir to the Trump Empire and a partner on the project, said that construction of the tower was now in the hands of Nakheel.
He has earlier said: “I am hoping we can restart work on the project within the next two years but it all depends on the market situation. At the end of the day, the ball is in Nakheel’s court.
He also said that he did not think it wise to begin construction on the hotel and tower project at this stage, because of the current market situation.
“You’ve got to see what the market demands and restarting the project of that nature in this region at this stage doesn’t make much sense,” he clarified.
Work on the project came to a grinding halt in May when it was announced that it had been delayed indefinitely.
 |
| Articles | |
| Companies | |
 |
Site Map
 |
 |
 |
 |
|  |
\
FEATURED COMMENT
It is wise to complete and continue business with reduced rates to cover the costs only till the end of current recessio