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Real Estate News Alert is a roundup of the most recent news that gets updated daily to keep you always up to date on the world's most attractive projects in the real estate market from the UAE (Dubai, Abu Dhabi, Umm Al-Quwain, Ajman, Ras Al-Khaimah, Sharjah and Fujairah) and sometimes from the GCC or other countries and from various news sources.


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Friday, November 28, 2008

Troubled $4 Billion Amazulu World Project in South Africa

New protest over Ruwaad's $4bn South African plan
ArabianBusiness.com - Dubai, Umm al Qaiwain, United Arab Emirates
Dubai-based developer Ruwaad has been warned to prepare for major disruption to construction work if it goes ahead with its propsed $4 billion Amazulu World project in South Africa. ...

2 comments:

Anonymous said...

Judging by the state of the economy it's just the excuse they needed to pull out.

Robert said...

Surely something should be done to ensure that when a project gets the go ahead that things remain on course. Or is it simply the case that anyone can hold someone/something ransom when and if they wish?