Master developer Nakheel is receiving funds from Dubai government as it looks to complete projects and pay outstanding obligations, its chief executive has confirmed.
'The actual figure is confidential and so are all the other details, but yes Nakheel is receiving funds,' Chris O'Donnell said in comments published by Emirates Business.
The developer said it was also talking to its contractors and re-negotiating payments plans and contracts.
arabianbusiness.com
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