Nakheel is in discussions with banks to devise finance packages for sub-developers on The World development, The National has reported.

The master developer is also working on new payment plans for island owners who are struggling to fund their investments as a result of the global financial crisis, said Hamza Mustafa, the managing director for the project. Six developers are expected to begin work on their projects this year, meaning a total of 25 islands owned between them will start construction.

Source: AME Info