Nakheel re-pays Dh197 million to lenders

Dubai: Dubai real estate company Nakheel yesterday released interest and profit payments of Dh197 million to its lenders in compliance with its restructuring requirements. A Nakheel spokesman said, "We remain focused on meeting our commitments in accordance with the terms set out in our company restructure and revised business plan. Our commitment, achievements and newly-announced projects will continue to significantly contribute to the growth of Dubai's real estate and tourism sector, including the government target of 20 million annual visitors to Dubai by 2020." – Emirates News Agency, WAM