Arabtec Construction, a unit of Arabtec Holding, will receive 40% of the total outstanding payments from Nakheel by the end of April, Emirates Business 24/7 reported, citing the chief executive officer of the unit.

The rest of the money will be paid against a bond, Tom Barry was cited as saying by the Dubai-based newspaper. Arabtec will restart work on Nakheel’s Al Furjan project, he said.

bloomberg.com