Dubai's Pearl project faces a delay of two years from its original completion date of 2013, according to Zawya Dow Jones.
Construction activity at the site of the US$6bn project has been limited in recent months, and the project's senior site engineer Shahid Quereshi admitted that the project is still a long way from completion.
"As a result of the slow construction works, we only have been able to complete nine storeys of the total 75 scheduled for phase one," he said.
The Pearl is a 20m mixed-use scheme overlooking the Palm Jumeirah containing branded apartments retail and leisure, commercial offices and hospitality units. It is set to contain four towers based around a large podium and contain 1,490 apartments, seven five-star hotels including a Bellagio and an MGM, over 60 restaurants and a 1,800-seat theatre.
The project is being developed by Al Hashim Group and its main contractor is Habtoor Leighton Group. EC Harris is project manager.For all the latest business news from the UAE and Gulf countries, follow us on Twitter and Linkedin, like us on Facebook and subscribe to our YouTube page, which is updated daily.
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