Samsung, Nakheel $1bn project cancelled:United Arab Emirates 4037 4221 PakRealEstateTimes.Com

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Samsung, Nakheel $1bn project cancelled:United Arab Emirates

04-06-2009, 07:41 AM

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Samsung, Nakheel $1bn project cancelled:United Arab Emirates

United Arab Emirates: Sunday, April 05 - 2009 at 10:56

South Korean construction firm Samsung C and T said that Nakheel cancelled a $1.08bn deal to build apartments, shopping malls and other commercial structures by October 2013, AFP has reported. 'The cancellation [of the Palm Jumeirah Village Center] came via unilateral notification with the contractor,' said a Samsung C and T statement.

http://www.ameinfo.com/news/Real_Estate/

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