Arabian Business reports on the jolly news that Satwa hasn't quite had its chips. So does the Caro-Van. The Jumeirah Garden City (sounds SO much nicer than nasty 'Satwa', doesn't it?) development is to be 'revisited'. Nice choice of word. Not cancelled, downsized or rethought. Nope. Revisited. Whatever - it's potentially a reprieve from the ravages of the Death of Satwa.
It is an ill wind that blows no good, isn't it?
Clarifying the move today, a spokesperson for Death of Satwa developer Meraas told Arabian Business: "In a worldwide economic downturn, any corporate must analyze the market and ensure its business strategy is aligned to make the most of new opportunities, as well as ensure risk management strategies take account of the new financial landscape with a focus on new market and investor demands."