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FinancialNews


  • 16-10-17

    USD20.2b Jumeirah Central project on hold

    (MENAFN) Just over a year after its launch, government-owned master developer Dubai Holding has put USD20.2 billion mega project Jumeirah Central on hold, according to reports.

    Dubai Holding was reassessing the project, with a number of senior executives leaving the organization or being redeployed, news site Zawya confirmed quoting sources.

    Jumeirah Central Chief Operating Officer Morgan Parker, who played a major role launching the project last month, was also included in the redeployment.

    The mega project replaced the USD21bn previously announced Mall of the World at a site opposite Dubai's Mall of the Emirates.

    MENAFN1610201700450000ID1095953303

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