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The formal name of the company is Nakheel PJSC (private joint stock company) and it was a subsidiary of Dubai World and a private state-owned enterprise. [4] [2] Nakheel was central to Dubai's debt crisis in 2009–2010. [5] The company has been reported to be the second-largest property developer in Dubai after Emaar Properties. [6]
The Palm Trump International Hotel & Tower was a proposed skyscraper hotel and residential complex at the trunk of the Palm Jumeirah in Dubai.It was a joint venture between the Trump Organization and Dubai-based Nakheel, a government-owned company, and was announced on October 5, 2005.
Nakheel Properties (Nakheel PJSC), a real estate development company based in Dubai, UAE; Nakheel Aviation (callsign: NAKHEEL), a UAE airline; see List of airline codes (N) Nakheel Hotels, a subsidiary of Istithmar World, a state-run investment firm based in Dubai, UAE; Bisha FC (formally known as Al-Nakheel), Bisha, Asir, Saudi Arabia; a ...
The company has laid off 10,500 employees worldwide. [13] At that time, Dubai World had debts of $59-billion, accounting for nearly three-quarters of the emirate's US$80-billion debt. [14] This includes a US$3.5-billion loan which the company was unable to repay by its December deadline. [15]
Dubai Holding was established in 2004. [7] 2004: Madinat Jumeirah opened as a themed Arabian resort. [8] 2005: Dubai Studio City was announced. [9] 2005: du, a telecom provider company, was launched. [10] 2005: Dubai International Academic City opened. [11]
Pages in category "Nakheel Properties" The following 23 pages are in this category, out of 23 total. ... Dubai International City; Dubai Islands; Dubai Maritime City;
In September 2022, Nakheel announced a rebranding exercise. [15] Soon after, it revealed its plans to relaunch Palm Jebel Ali. [16] Recently, it was revealed that Nakheel is nearing completion of $4.6 billion of debt restructuring to relaunch its landmark projects. [17] Nakheel plans to build 1,700 villas and 6,000 apartments. [18]
This list is based on the Forbes Global 2000, which ranks the world's 2,000 largest publicly traded companies.The Forbes list takes into account a multitude of factors, including the revenue, net profit, total assets and market value of each company; each factor is given a weighted rank in terms of importance when considering the overall ranking.