January 21, 2009
You can almost smell the desperation emanating from the UAE at the moment. The latest in a long line of cancelled projects is the “Salam,” a luxury hotel resort that had been planned om the beach front close to Bahrain’s formula one track. Bahrain’s Nass Corporation and South Africa’s Murray and Roberts Holdings were due to build the luxury resort in a joint venture.
More on Dubai Property Crash Spreading Across UAE – Luxury Resort Scrapped – Confidence Level Falls
