Repayment in time reflects government's commitment to repay all liabilities as per schedule: Al Saleh
In August, the emirate's real estate giant Nakheel repaid all of its $2.15 billion (Dh7.9 billion) bank debt almost four years ahead of schedule.
Abdulrahman Al Saleh, director general of its finance department, said the Nakheel repayment demonstrated Dubai's commitment to honour its financial obligations on time.
He said the repayment in time reflects the government's commitment to repay all liabilities as per schedule.
The government, Al Saleh said, was keen to pay all the financial liabilities in accordance with the schedule, noting that "it is a huge step, which highlights the clarity of vision of the government about the future. It also reflects great confidence reposed by regional and international business communities on the Emirate of Dubai."
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