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Kilometre-high target ... the Nakheel Tower.
Arabtec Construction will postpone work on the Dh2.4 billion ($653.4 million) Atrium project for at least a year after developer Emirates Sunland decided to delay the project, a report said.
The project, which is located in the Madinat Al Arab district of Dubai Waterfront, was awarded to Arabtec in September 2008, Meed said.
Shelving of the project is another blow for the UAE’s largest contractor by market value, after Dubai’s Meydan said it cancelled a racecourse construction deal with Arabtec and Malaysian construction firm WCT Engineering.
