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Bank creditors will reply to Dubai World proposal soon
The Government of Dubai has proposed funding Dubai World and its property development subsidiary Nakheel with up to $9.5 billion in cash and refinancing the rest of the companies’ borrowings over five and eight-year plans.
Bridging the gap
For instance, take Dubai World Central, the Logistics and Industrial cities, while Abu Dhabi is also planning to enlarge its offerings in this respect. Dubai’s World Trade Centre exhibition district also competes against Abu Dhabi’s Adnec.
