Emaar, one of the world’s largest developers and owners of Hampton International, are said to have scrapped plans to float on the London stock exchange next year.
Dubai-based Emaar is thought to have taken the global credit crunch into consideration after property sales in Dubai have taken a dramatic hit.
The emirate has relied on overseas buyers to snap up its extraordinary schemes, which include vast themed areas, towering skyscrapers and man-made islands.
Hamptons owner pulls London stockmarket plans
17 November 2008
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