SMRT Engineering dumped by Nakheel on Palm Monorail operation

Nakheel has submitted an early termination to take care of its ongoing restructuring.

SMRT Corporation Ltd announced on Thursday that Nakheel PJSC (Nakheel) is practising an early termination on operations with SMRT Engineering (Middle East) FZE (SMRTE FZE), a wholly-owned subsidiary of SMRT Corporation Ltd, an SMRT report said.

The early termination will end the contract for the operation and maintenance of Palm Monorail development in Dubai. The termination will take effect on 5 August 2010.

Join Singapore Business Review community
Join Singapore Business Review community
A NOTE FROM SINGAPORE BUSINESS REVIEW

Reaching the people who run Asia's businesses is harder than it used to be.

Inboxes are crowded. Attention is short. The executives you most want to reach — the founders, CFOs, and operators who actually move budgets — are the hardest to find through the usual channels. If you're building a company, a category, or a reputation, you already know this.

We've spent twenty years building the room they read. Singapore Business Review is where senior decision makers in Singapore and across Southeast Asia come for business coverage they can't get elsewhere — in print, online, and in person at the summits and roundtables we host across seven markets.

If you have something these readers should know about — a point of view worth publishing, a product worth their attention, an event worth their time — we'd like to hear what you're trying to do.