Lawless told Forbes: “Jumeirah and Dubai Holding are part of each other. Jumeirah is not going anywhere.”
Dubai Holding is a private investment conglomerate owned by Dubai ruler Sheikh Mohammed bin Rashid al-Maktoum.
Lawless also denied speculation that Jumeirah’s parent company, Dubai Holding, would soon follow another state-owned company Dubai World in seeking multibillion-dollar debt restructuring, Forbes said.
“Dubai Holding will be fine,” Lawless told Forbes, adding that the present Dubai crisis would soon bottom out.
(Published 20 December 2009, 15:46 IST)
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