Trump hotel on Palm Jumeirah to go ahead despite shelving rumours

10/06/2009 05:45 PM

Dubai: The Trump International Hotel and Tower on the Palm Jumeirah is still planned to go ahead despite rumours in Dubai that it may have been shelved completely.

The tower was launched in 2008 and was due to take pride of place on Palm Jumeirah until the global financial crisis reared its head.

Although Nakheel has admitted some of its projects have been put on hold, many doubted the future feasibility of them.

Donald Trump Junior, vice president of the Trump Organisation, said that he would love to see the project go ahead within two years.

"We're great partners with Nakheel. The project, when it makes sense, we plan on going forward with it. A lot has to happen because it makes no sense to throw good money after bad. I'd love it to get going in the next two years," Trump said on Monday, the first day of Cityscape.

While the Trump Organisation hasn't invested any equity in the project, the firm has retained its confidence in Nakheel, the project and Dubai.