A top Kerzner International official said plans for the $1.5 billion Atlantis Dubai on Palm Jumeirah are still in the pipeline and will move forward after economic conditions improve. Managing Director Alan Lieberman said he is very comfortable about prospects for 2010, but noted that it is difficult to make predictions because “Our business continues to be very, very short term”. He said consumers tend to wait before booking their holiday travel as they are looking for the best deal. Mr. Lieberman said next year new ideas and improvement will be very important.
Kerzner International has developed just 50% of its Mr. Lieberman said they want to continue with the next phases of their development depending on “when the market starts to turn and when liquidity starts to become available.” More than 1,000,000 visitors passed through Atlantis Lost Chambers and 650,000 visitors passed through Aquaventure and the water parks.
