Dubai hotel on hold

Kempinski Hotels has said it has delayed by two years a project in Dubai, even as it expands elsewhere in the Middle East because the market has become oversupplied, Bloomberg has reported.

A 253-room development on Dubai's palm tree-shaped artificial island will remain a "shell" for the time being, with the opening pushed back until 2013, Ulrich Eckhardt, president of the Middle East and Africa division said.  

Kempinski plans to open nine properties in the next three years in Abu Dhabi, Bahrain, Saudi Arabia, Oman, Lebanon, Syria and Egypt. The company will open 82 luxury serviced apartments and 10 villas on Palm Jumeirah in June. www.kempinski.com

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