Tatweer, a member of Dubai Holding, is reviewing its partnerships with building suppliers on the Dh4.7bn (US$1.3bn) Universal Studios project in Dubailand, as well as the construction schedule, to try to cut costs.

Universal Studios, which was expected to include rides based on famous Hollywood films, 4,000 hotel rooms, retail outlets, and office and residential areas, was supposed to be finished next year, although it is now likely to be delayed by at least two years.

The move comes as a number of major Dubai projects in Dubai are being reviewed to accommodate tight liquidity, a slower sales environment and a fall in tourism.

The National