Dubai World's property and investment assets exceeded $120bn at the end of 2009 and could cover its debt of $57bn, Arabic daily Al Ittihad has reported. Citing a recent internal report shared with creditors, the paper said the value of the company's property assets dropped around 35% in 2009, compared with $157bn in 2008.
You might also like...
TotalEnergies to acquire remaining 50% SapuraOMV stake
26 April 2024
Hyundai E&C breaks ground on Jafurah gas project
26 April 2024
Abu Dhabi signs air taxi deals
26 April 2024
Spanish developer to invest in Saudi housing
26 April 2024
A MEED Subscription...
Subscribe or upgrade your current MEED.com package to support your strategic planning with the MENA region’s best source of business information. Proceed to our online shop below to find out more about the features in each package.