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