Meydan cites completion concerns in decision to cancel WCT Engineering contract
A Dubai developer has axed the construction team from a prestige racecourse development more than halfway through the contract.
Meydan said it had taken the decision to get rid of Malaysian contractor WCT Engineering, which was carrying out the $1.3bn (£890m) deal with local firm Arabtec, because it was worried the job would not be completed on time.
In a statement, it added the contract had been cancelled because “of non-adherence to the agreed time schedule for construction”.
It said it had already begun talks with other firms about completing the scheme which it wants opened by 2010 when the course is due to stage that year's Dubai World Cup horse race.
The racecourse is designed to include a 1km long grandstand which will have a capacity for up to 60,000 spectators.