Business | Property

Ajman cancels PKN Princess Resort project

The Ajman Government has cancelled the Dh2.3 billion PKN Princess Resort project and on Sunday urged investors to make their claims directly to the developer.

  • By Bassma Al Jandaly Staff Reporter
  • Published: 23:54 June 22, 2008
  • Gulf News

Dubai: The Ajman Government has cancelled the Dh2.3 billion PKN Princess Resort project and on Sunday urged investors to make their claims directly to the developer.

According to an official statement from the Ajman Government those who have purchased properties must make their claims before noon on June 30.

The project's trade licence, commercial registration and membership with Ajman Chamber of Commerce and Industry have been cancelled.

The statement said that PKN will be solely liable for any claims from property buyers.

According to the statement from the Ajman government, the project located in Al Manama area was cancelled on June 15.

The Government of Ajman and PKN Procurement jointly decided to end their relationship in the project.

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