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Dubai World reconsidering Malaysian property deal

Posted on 20 August 2009

From Thenational.ae: Dubai World is reconsidering its involvement in a US$4.5 billion (Dh16.52bn) port and property project in Malaysia because of the economic crisis, MMC Corporation, its Malaysian partner in the development, said on Wednesday.

The plan to build a sprawling maritime centre, including an oil terminal, dry docks, a shipyard, cargo-handling facilities, logistics parks and a property development in south Johor, was first agreed to in September 2007………..Full Article: Source

 
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