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Nakheel Puts Hold On Flagship Tower

Nakheel Puts Hold On Flagship Tower

Old Jan 14th 2009, 4:25 am
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Default Nakheel Puts Hold On Flagship Tower

Just heard on the Radio that Nakheel are stopping work on their flagship tower which was destined to become taller than the Burj Dubai. They have also laid off hundreds more labourers following the decision to down tools.

Not really a surprise is it.
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Old Jan 14th 2009, 4:54 am
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Default Re: Nakheel Puts Hold On Flagship Tower

heard this from a reliable source a long time ago that this particular tower would not get built... but of course who would believe me........
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Old Jan 14th 2009, 10:51 am
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Default Re: Nakheel Puts Hold On Flagship Tower

I have also heard that there are major issues with Meydan and there is no hope of it being completed by World Cup 2010, despite the big man's statement to that effect.


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Old Jan 14th 2009, 11:12 am
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Default Re: Nakheel Puts Hold On Flagship Tower

Originally Posted by Meow View Post
I have also heard that there are major issues with Meydan and there is no hope of it being completed by World Cup 2010, despite the big man's statement to that effect.


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yep it was pretty blatant that the 'excuse' that Arabtec and the other whojamewotsits couldn't complete on time was just an excuse to halt/delay the project.
It would be interesting to know if Maydan owe the contractors any cash...
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Old Jan 14th 2009, 2:01 pm
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Default Re: Nakheel Puts Hold On Flagship Tower

What you will get soon is the larger contractors pulling out because they are not getting paid by the developer, it is beginning to happen already.The smaller ones will go bust
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Old Jan 14th 2009, 2:16 pm
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Default Re: Nakheel Puts Hold On Flagship Tower

Originally Posted by Meow View Post
I have also heard that there are major issues with Meydan and there is no hope of it being completed by World Cup 2010, despite the big man's statement to that effect.


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it's going to have to be though, i just don't see how he could allow it not to be ready given the international spotlight will be on it...

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Old Jan 14th 2009, 2:42 pm
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Default Re: Nakheel Puts Hold On Flagship Tower

Originally Posted by Madam Medusa View Post
it's going to have to be though, i just don't see how he could allow it not to be ready given the international spotlight will be on it...

MM, xx
A very scaled down version....if at all
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Old Jan 14th 2009, 2:45 pm
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Default Re: Nakheel Puts Hold On Flagship Tower

Originally Posted by Madam Medusa View Post
it's going to have to be though, i just don't see how he could allow it not to be ready given the international spotlight will be on it...

MM, xx
Oh defo, it would be seen as a failure, and Emiratis hate to lose face
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Old Jan 14th 2009, 3:14 pm
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Default Re: Nakheel Puts Hold On Flagship Tower

Originally Posted by annacarna View Post
Oh defo, it would be seen as a failure, and Emiratis hate to lose face
Pride...One of the seven deadly sins...
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Old Jan 14th 2009, 7:41 pm
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Default Re: Nakheel Puts Hold On Flagship Tower

it seems to appear that dubai is being affected by this global downturn..
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Old Jan 14th 2009, 9:24 pm
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Default Re: Nakheel Puts Hold On Flagship Tower

Originally Posted by admon View Post
yep it was pretty blatant that the 'excuse' that Arabtec and the other whojamewotsits couldn't complete on time was just an excuse to halt/delay the project.
It would be interesting to know if Maydan owe the contractors any cash...
And the contractor has already come out with words to that effect, saying they only had 11 months to go or something, so if they were a couple of months behind...how would sacking and then tendering for a new contractor speed the project up? They also said the delays were Meydan's fault anyway as they asked for too many revisions. Thirdly, they've already indicated they want compensation for the loss of the contract.
 
Old Jan 15th 2009, 5:56 am
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Default Re: Nakheel Puts Hold On Flagship Tower

Originally Posted by W10 View Post
And the contractor has already come out with words to that effect, saying they only had 11 months to go or something, so if they were a couple of months behind...how would sacking and then tendering for a new contractor speed the project up? They also said the delays were Meydan's fault anyway as they asked for too many revisions. Thirdly, they've already indicated they want compensation for the loss of the contract.
personally I hope it goes bust! too late for the Country Club though
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Old Jan 15th 2009, 8:02 am
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Default Re: Nakheel Puts Hold On Flagship Tower

Originally Posted by Madam Medusa View Post
it's going to have to be though, i just don't see how he could allow it not to be ready given the international spotlight will be on it...

MM, xx
I bet it is giving him sleepless night. I was told that originally the intention was to have a deadline of 2011, but he was boxed into a corner publicly and announced 2010 without having agreed it with the developer.

It would cost a ton of money to get close to completion by 2010 as they are way behind schedule now. Does Dubai still have the money to make it happen I wonder?


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Last edited by Meow; Jan 15th 2009 at 8:08 am.
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Old Jan 15th 2009, 9:09 am
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Default Re: Nakheel Puts Hold On Flagship Tower

Originally Posted by Meow View Post
I bet it is giving him sleepless night. I was told that originally the intention was to have a deadline of 2011, but he was boxed into a corner publicly and announced 2010 without having agreed it with the developer.

It would cost a ton of money to get close to completion by 2010 as they are way behind schedule now. Does Dubai still have the money to make it happen I wonder?


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you would think not, but I have to say I was up there the other week and there were hundreds working on that stadium. It's a tough one and yes I bet it is bothering him, losing face is a big thing for them.
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