Dubai government welcomes Dubai World agreement
Statement from Sheikh Ahmad bin Saeed al-Maktoum, Chairman of the Dubai Supreme Fiscal Committee:
“Dubai World has today announced that headline economic terms for its restructuring have been agreed in principle with the Coordinating Committee, accounting for a majority of the Company’s financial creditors, and the Government of Dubai. A final proposal reflecting these terms will now be submitted by the Coordinating Committee to all of Dubai World’s lending banks.
The Government of Dubai welcomes this important milestone, which is the result of considerable from a large number of stakeholders who all share a common interest in Dubai’s future.”
- Good corporate governance to define the way forward for Dubai World, says Dubai World Chairman
- CAPITAL PARTNERS, AMERICAN PRIVATE EQUITY FIRM, ANNOUNCE AGREEMENT WITH DUBAI GOVERNMENT ON $1 BILLION PROJECT
- Dubai eGovernment signs agreement with Emirates Identity Authority to link EIDA to all Dubai government entities
- Dubai World Central to welcome IHG’S two new airport hotels