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GoD has fallen on hard times

July 11, 2009

‘Dubai’s biggest property developer Nakheel has laid off a further 400 employees as its struggles to adjust to the economic downturn in the United Arab Emirates.Nakheel is behind a number of Dubai’s larger-than-life projects, including three palm-shaped islands, only one of which is completed, and a cluster of islands taking the shape of a world map. Several other property developers have cut their workforces while tens of thousands of blue-collar construction workers, mostly South Asians, have reportedly been sent home as many projects have been put on hold.’

The state company calls this a ‘readjustment process.’

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