Dubai June 7, 2011
Nakheel said on Wednesday that its CEO Chris O'Donnell had left the company "after completing his contract terms". O'Donnell, an Australian who joined the developer in 2006, said he had decided to leave Nakheel following five years spent with the company, the statement added.
O'Donnell has overseen a traumatic time in Nakheel's history during which the developer behind Dubai’s palm-shaped island was the biggest casualty of the emirate’s real estate crash, halting work on a number of
offplan projects.
Nakheel’s inability to meet its obligations left it with billions of dirhams in unpaid bills to contractors and suppliers and helped trigger Dubai’s debt crisis in 2009.
source Arabian Business ....continue reading
Nakheel said on Wednesday that its CEO Chris O'Donnell had left the company "after completing his contract terms". O'Donnell, an Australian who joined the developer in 2006, said he had decided to leave Nakheel following five years spent with the company, the statement added.
O'Donnell has overseen a traumatic time in Nakheel's history during which the developer behind Dubai’s palm-shaped island was the biggest casualty of the emirate’s real estate crash, halting work on a number of
offplan projects.
Nakheel’s inability to meet its obligations left it with billions of dirhams in unpaid bills to contractors and suppliers and helped trigger Dubai’s debt crisis in 2009.
source Arabian Business ....continue reading
