Promoters confident about Meydan timetable
UAE: Meydan racecourse in Dubai will be ready in time for a grand opening in March 2010, the developers promised on Wednesday.
Earlier this week, the main, $1.25bn (£890m) construction contract with local company Arabtec and the Malaysianfirm WCT Engineering was cancelled.
Meydan: new contractors neededPICTURE: Edward Whitaker
Saeed al-Tayer, chairman of the Meydan development group, told Arabian Business that new contractors, or firms already working on the project, could be appointed “within days”.
He added: “We are geared up to deliver the project as announced to host the Dubai World Cup in 2010.
“It has always been our philosophy to have various companies on the ground who can take over the responsibilities, plus we have other people waiting in the wings.”
Explaining the need to take the decision, Al-Tayer said: “As far as we were concerned they [Arabtec and WCT] weren’t on time to deliver certain zones for us as per the programme agreed between us.”