“The crisis has had an effect on everyone and we are not moving as fast as we were”
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Abdulla Bin Sulayem is the operations director of Palm Deira, which will be the largest man-made island in the world and a new city within Dubai for more than a million people. It is the final part of The Palm Trilogy consisting of Palm Jumeriah, Palm Jebel Ali and Palm Diera. Nakheel, the world’s largest privately held real estate developer, is driving the project. Nakheel now has 16 major projects under development in Dubai across a range of sectors. The company’s portfolio spreads across more than two billion square feet of land and is projected to be worth more than $30 billion. E When did Nakheel start construction on Palm Deira and what stage has the project reached? In 2003, the deal was signed between Nakheel and Van Oord, the company that is creating the island for us. Right now we have more than 36 percent of the island completed,
