The multi-billion dollar gaming and hotel project in Las Vegas could be completed after a new financing strategy was mooted.

Dubai World, the investment arm of the emirates’ Government, has come up with a new plan to save the troubled Las Vegas CityCentre development, according to reports in the US.

On Friday the Wall Street Journal said the Dubai company, a partner in the US$8.6bn (Dh31bn) development, had agreed to fund the project through to completion. Citing sources close to the deal, the financial journal said Dubai World, MGM Mirage and a consortium of banks had committed to provide $3bn shortfall to complete the development.

The National