News from Dubai » Palm Jebel Ali

Nakheel to cut workforce

David — Mon, 12 Oct 2009 13:39:42 +0000

The Independent, a UK-based newspaper, reports today that Dubai’s Nakheel is about to slash 500 jobs.

The paper quotes the company response as, ‘Nakheel continues to evaluate its projects and commitments against market conditions and opportunities. In doing so, the company also evaluates its cost base and efficiencies.’

Nakheel Properties is a state-owned property developer. Major construction projects include the Palm Jumeirah, Palm Deira, Palm Jebel Ali, The World, Jumeirah Islands, Ibn Battuta Mall, Discovery Gardens, International City, and Al Furjan.

Palm Jebel Ali theme parks delayed

David — Mon, 09 Feb 2009 13:10:32 +0000

A plan to develop 4 theme parks on Dubai’s Palm Jebel Ali has been put on hold.

Nakheel and the Busch Entertainment Group have delayed the projects for at least one year.

Nakheel recently announced delays on several other major projects, notably the Trump International Hotel on the Palm Jumeirah and the Nakheel Harbour and Tower.

Plans for theme parks on the Palm Jebel Ali unveiled

David — Fri, 29 Feb 2008 09:31:48 +0000

Busch Entertainment Corporation (BEC) and Dubai property developer Nakheel have signed a memorandum of understanding to develop four theme parks on the Palm Jebel Ali. Under the terms of the agreement Nakheel will provide the capital to develop the project while BEC will operate the parks.

The four parks will be SeaWorld Dubai, Aquatica, Busch Gardens, and Discovery Cove and will operate under Busch’s World of Discovery banner. The first phase of the project is expected to open in 2012.