Dubai Committed to Woods Golf Course Project

Wednesday, 16 Dec 2009 10:54 AM

 

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DUBAI - Tiger Woods Dubai, part of Dubai Properties Group, said it is committed to completing its Al Ruwaya golf course and continues to make progress on the first course created by Woods’s design firm.

“The Tiger Woods Dubai does not comment on the personal lives of our valued partners,” Tiger Woods Dubai said yesterday in an e-mailed statement.

Tiger Woods Design, a Windermere, Florida-based company headed by Woods, announced plans for the Al Ruwaya course in December 2006. Dubai Properties is part of state-owned Dubai Holding, which may join another state-owned investment company, Dubai World, in restructuring debt, Morgan Stanley said in a Dec. 8 report. Dubai received a $10 billion bailout this week from Abu Dhabi after seeking a standstill from creditors.

Woods, 33, said Dec. 11 that he was taking an indefinite break from professional golf, citing infidelity and the need to focus on being a “better husband, father and person.”

To read full Bloomberg story — Go Here Now.

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