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Keyword: nakheel

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  • Nakheel: Palm Jumeirah is 'not sinking' (the man-made show-piece island)

    12/09/2009 4:45:09 AM PST · by TigerLikesRooster · 17 replies · 716+ views
    Arabian Business ^ | 12/09/09 | Andrew White
    Nakheel: Palm Jumeirah is 'not sinking' by Andrew White on Wednesday, 09 December 2009 Dubai-based developer Nakheel on Wednesday strenuously denied reports in the international media that its landmark Palm Jumeirah island was sinking into the Arabian Gulf. European ground survey firm Fugro NPA Ltd had said that the island is sinking by an average of 5 millimetres a year, and may flood in the future if ocean levels rise. However Shaun Lenehan, Head of Environment at Nakheel, said that the reports were “wholly inaccurate”. “The integrity of all buildings, utilities and infrastructure on Palm Jumeirah are testament to the...