NEW WORLD DEV : No Agreement Yet Reached with Airport Authority on 11 SKIES Project
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NEW WORLD DEVannounced that no agreement has been reached with the Airport Authority regarding the "11 SKIES" project. The company clarified that there has been no material progress or agreements with potential investors. Discussions with the Airport Authority are ongoing, but no changes to contractual arrangements have been finalized. The Airport Authority is reportedly maintaining control over a significant portion of the project and is in communication with NEW WORLD DEV to align the project with the SKYTOPIA development, expected to commence operations in 2028.
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