Report comment

I suspect ASL management were firmly to blame for their own demise by failing to negotiating their contract terms and not maintaining positive cash flow.

Before restarting the various museum / mixed use projects, the Clients will need to settle their outstanding debts and invoices. This will no doubt involve all consultants being persuaded to take a substantial haircut on the promise of further jobs.

Interestingly the UAE is not short of money having recently announced a 100% pay rise for public sector workers and writing off AED 2bn worth of personal debt for UAE nationals.