• Atlantis sale

The Atlantis hotel on the Palm, Dubai has been sold by owner Dubai World. The asset has been bought by the state-owned Investment Corporation of Dubai, reports Reuters.

Dubai World is selling assets to repay debts under a restructuring agreed in 2011. The leisure complex was launched in 2008 as a joint venture between Dubai World and Kerzner International, with the former assuming control in 2012.
Read the full story here:
http://www.reuters.com/article/2013/12/05/emirates-icd-idUSL5N0JK11O20131205

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