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Article: United Arab Emirates: Japanese Companies Are Owed Billions in Dubai, National Reports.
- Article from:
- TendersInfo
- Article date:
- November 9, 2009
CopyrightCOPYRIGHT 2009 Al Bawaba (Middle East) Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: shiv03
Dubai companies, including Nakheel PJSC, owe billions of dollars to Japanese companies who worked on projects such as the emirate s metro and Palm Island, the National said, citing Japanese Consul General Seiichi Otsuka.
Some Japanese construction companies are facing serious problems as Dubai-based firms can t pay their bills, Otsuka was quoted as saying by the Abu Dhabi-based newspaper. Mitsubishi Heavy Industries Ltd. and Taisei Corp. are among those affected by the non-payments, the National reported.
Mitsubishi Heavy Industries spokesman Hideo Ikuno declined to comment when contacted by Bloomberg News. Calls to Taisei, ...