Economic Calendar

Sunday, December 14, 2008

Aldar Has Not Delayed Projects on Credit Crisis, Gulf News Says

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By Arif Sharif

Dec. 14 (Bloomberg) -- Aldar Properties PJSC has not delayed or canceled any projects in Abu Dhabi and has no plans to lay off staff to cut costs due to the global financial crisis, Gulf News reported, citing its marketing manager.

Aldar’s projects, which include building a Formula 1 race track and hotels, will be completed on schedule, the Dubai-based newspaper said, citing Ousama Ghannoum.

To contact the reporter on this story: Arif Sharif in Dubai at asharif2@bloomberg.net




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