Nakheel is in the process of paying off its debts of up to Dh 500,000 completely. According to the spokesperson of Nakheel, “All trade creditors have been or are in the process of being paid Dh 500,000, which means that those owed Dh500,000 or less are paid in fullâ€. “Our talks with our partners are progressing and we are confident that an agreement will be reached shortlyâ€, he added.
But Six Construct and Arabtec, when contacted, mentioned that they were not in the list as Nakheel owes them higher figures. "We do not disclose such information, but we are very pleased with our partners' positive responseâ€, said Nakheel, when asked about the increase in the consenting firms after the UAE Contractors Association meeting, last week.
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