Nakheel today announces a comprehensive recapitalisation plan of its debt and liabilities. The plan enables Nakheel to offer creditors 100 percent of agreed amounts owed and to fulfill its obligations to customers through the prompt completion of near term projects. Under this proposal, the Government of Dubai, through the Dubai Financial Support Fund (“DFSF”), will commit to providing approximately $8 billion of new money directly to Nakheel to fund operations ...