Tuesday 6 January 2009

News from Dubai starting to hit home

Big news today. Just found out from the local paper (NST) that Meydan have cancelled the construction contract for WCT and Arabtec to build the world’s largest horse racecourse. It’s all over the Gulf news. A sampling can be found here and here.

Interesting to note that the reason given was “because of non-adherence to the agreed time schedule for construction”, as mentioned in Meydan’s statement.

Hmm. No further comment from me.

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