(MENAFN- Khaleej Times) Nakheel has issued a statement regarding news about Q Group's plans for Great Britain island at The World.
"Today's announcement by Q Group on its plans for Great Britain island at The World is misleading and misguided. We are surprised at and intrigued by the news, given that there are still considerable payments outstanding in relation to the purchase of the island. No design application will be accepted, nor will construction be permitted, until payment has been made," said the statement.
Meanwhile, CEO of Q Group Safi Qurashi said in a statement: "Revised payment terms are being discussed between our respective lawyers, as is standard practice. We are currently awaiting a response from Nakheel to a proposal submitted in early September.
"Naturally, we have no intention of commencing construction until final designs for our resort on Great Britain Island have been approved by Nakheel."
"But we remain committed to making this project a major success, and this is why we have signed an agreement with Drydocks World."
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