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Trump Tower put on hold



Country:  Dubai, United Arab Emirates

2 December 2008

Trump Tower, a £535m scheme planned for one of Dubai's palm-shaped islands, has been suspended, according to one of the companies involved in the project, Australia's Leighton Holdings.

The high-profile cancellation comes just one day after Dubai's government-owned developer, Nakheel, announced it was slashing 500 jobs or 15% of its workforce as it scales back projects as the emirate’s property market starts to nosedive. 

The project, located on Palm Jumeirah, is a high-end, mixed-use development containing hotel and residential facilities.


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