Trump: No comment on Dubai tower cancellation
Trump neither confirms or denies cancellation of Palm project
The US company fronted by real-estate mogul Donald Trump has refused to confirm or deny reports it has scrapped its Trump International Hotel & Tower Dubai.
Ali Rashid Lootah, the chairman of Nakheel, indebted developer behind the project, was reported as saying the $2.9billion project had been cancelled and would be replaced with a shopping mall.
When contacted by CW sister publication Arabian Business, a spokesperson for the New York-based Trump Organisation said she could not confirm or deny the cancellation.
The project is, however, still listed on the real estate magnate’s Web site as ‘coming soon’.
Trump International Hotel & Tower Dubai, a 62-storey mixed-used building on the Palm Jumeirah’s Golden Mile, was first announced in 2005.
In May 2009 Nakheel said work on the residential and hotel project had been suspended indefinitely. Several months later Donald Trump Jr. said that building work on the billion-dollar project would not happen “any time soon”, but said he hoped construction would begin in 2011.
“It is going to take some time ... I would say it is not going to happen any time soon," he said, adding: “There is a time for a project like that in that location.”