| 04 Dec 2008 |
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Real estate sector forced to reassess
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From commercial space in Saudi Arabia to upmarket residential complexes in Bahrain, real estate markets across the region are feeling the shocks of the global economic crisis. Read full article on FT.com
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Community Comments (1)
I note with interest that the Trump Tower development was scuttled after construction had begun. What does this mean for Leighton's other projects in the region? Surely if the same kind of thing was to happen to the Dubai Pearl project, for example, it would be a disaster for Leighton Holdings and probably for their share price as well. With oil pushing $40/barrel now these projects must surely be in danger.
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