Nakheel in fees ultimatum

摘要

Cash-strapped Dubai developer Nakheel is to offer consultants and contractors just 35% of the money it owes them, NCE has learnt.rnNakheel is one of the highest profile developers in Dubai. The government-backed firm is responsible for massive offshore developments like the Palm Islands, World and Universe.rnLast month NCE revealed that the developer was close to financial collapse, with analysts estimating that it owed consultants up to £200M (NCE 23 April).