Istithmar World acquires remaining Atlantis stake

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Istithmar World, a subsidiary of Dubai World, has confirmed the completion of the purchase of Kerzner International Holdings’ (KIHL) 50% interest in Atlantis, The Palm in Dubai for $250m, making the firm the sole owner of the property, Saudi Gazette has reported. Istithmar World and KIHL jointly developed the Resort which opened in 2008. According to the deal, Kerzner will continue to be the operator of Atlantis, The Palm.

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