Log in

Login to your account

Username *
Password *
Remember Me
Login With Facebook

Dubai World Proposes Rescue Plan For City Center

ImageDubai World has put forward a plan to save the financially troubled City Center project. The proposal requires that the billions of dollars necessary to complete the project be pledged.  Dubai World is Dubai’s government owned investment agency.  They partnered with MGM Mirage to develop the City Center Project, and recently sued MGM Mirage in order to protect its $4.3 billion investment if MGM Mirage goes into bankruptcy. Dubai World’s proposal would require Dubai World, MGM Mirage, and investors to come up with $3 billion to avoid a construction slowdown in the $8.6 billion City Center resort and casino project. MGM’s financial situation has worsened and last month Dubai World did not contribute its half of the $200 million construction payment

Special Offers

5-star hotel in Istanbul for only Euro 37 per night

5-star hotel in Istanbul for only Euro 37 per nightByotell is a modern luxury 5-star hotel with glass-walled tower featuring panoramic views over the city of Istanbul and the
  • More Special Offers
  • Hotels

    New seaside resort in Qatar

    Those of you planning a trip to Qatar may want to check out Qatar’s first leisure destination Sealine Beach, a Murwab Resort, which has now opened following a major
  • More Hotels News
  • Destination:

    1. Start date:

    2. End date: