Press Release

Last Updated: Sat, Apr 19 2014 | 3:01 PM |

Ali Rashed Ahmed Lootah appointed Chairman of Nakheel

Posted: Tuesday, 30 March 2010 Company: Nakheel - UAE

Country: United Arab Emirates

Industry Sector: Real Estate

Category:

Description: The Supreme Committee supervising Dubai World and its subsidiaries announced this morning, the formation of a Board of Directors for Nakheel.

Comments: The Supreme Committee supervising Dubai World and its subsidiaries announced this morning, the formation of a Board of Directors for Nakheel.

The board will be chaired by Ali Rashed Ahmed Lootah, and its members include: Khalid Mohamed Salem Bakheet, Khalil Issa Ahmed Awad, Adel Khalifa Al-Shair, and Ibrahim Hussein Al-Fardan.

The board of Directors will immediately start working on enhancing Nakheel's abilities to implement the proposed restructuring plan unveiled last Friday. The Board shall work on a number of main projects, which will be chosen according to the company's future priorities, and will ensure it continues to meet its various obligations. The Board will also ensure Nakheel's ability to reach a quick and balanced recovery, to return to activity, and to regain its position and role as an important component of the national economic system.

The Board of Directors will also work on monitoring and acting on all possible opportunities that may open up new horizons for the company. Nakheel is considered one of the biggest real estate developers in the world which portfolio includes a number of mega projects, most notably, the Palm Islands.

This announcement comes days after the unveiling of a restructuring plan for Nakheel and its parent company, Dubai World.

Contact Details:

Email: lamees@mediaoffice.ae
Contact number:
Name: lamees Al Hajry
Company: The Media Office

Details:

Press Releases Search

<< April 2014
Sun Mon Tue Wed Thu Fri Sat
     1   2   3   4   5 
 6   7   8   9   10   11   12 
 13   14   15   16   17   18   19 
 20   21   22   23   24   25   26 
 27   28   29   30       
If you wish to add a press release,
please click the following button
Don't miss
Revealed: The world’s richest Arabs list 2013

Revealed: The world’s richest Arabs list 2013

Welcome to the tenth edition of the Arabian Business Rich List, our annual countdown of the...

The 9th annual Arabian Business Forum as it happened

The 9th annual Arabian Business Forum as it happened

Live updates from today's event, with speakers including former prime minister Tony Blair,...

Revealed: Best and worst cities to live 2013

Results from The Economist Intelligence Unit's global livability survey

Revealed: World's 20 Top Earning Celebrities 2013

Forbes' latest list shows the famous faces and the millions they banked in the last 12 months...

Revealed: The world's best airports

Arabian Business looks at the world's most impressive aviation hubs in no particular order

Revealed: $130bn Dubai mega project launched in last 12 months

Range from the world’s biggest mall to theme parks and movie-branded hotels

Revealed: Top 10 locations for Dubai's future mega projects

Plots currently on the market give an indication of where the next big launch could be

Revealed: Inside the $305m superyacht Nirvana

The 290 ft Nirvana is one of a handful of elite world cruising yachts, with its exceptional...

Revealed: World's 25 most popular tourist landmarks

Trip Advisor's global countdown includes Abu Dhabi's Sheikh Zayed Grand Mosque and Petra

Most Discussed
  • 54
    Three UAE women attacked with hammer at London hotel

    I really feel that Arabian Business.Com should now close this comments page. This should be all about sympathy for the families not what it is/has turned... more

    Wednesday, 16 April 2014 1:06 PM - Adrienne
  • 51
    Why Dubai isn't a plastic city

    What is definitely not a plastic city. The Arabs have a culture dating back to several centuries. 50 years back Dubai was just a fishing village. Today... more

    Tuesday, 8 April 2014 3:49 PM - P. MADHUSUDAN
  • 48
    DMCC boss Ahmed Bin Sulayem entertains Robert Mugabe in Dubai

    @fga ''However today, simply because he decided to dispossess a few white farmers of their land and redistribute to the poorer indigenous blacks'' more

    Sunday, 13 April 2014 3:02 PM - Matt Williams