London-based Austin Smith: Lord (ASL) said it is owed £7.85m (AED45.3m) by the Abu Dhabi Authority for Culture and Heritage for its work on the Qasr al-Hosn fort in the centre of the city.
The 62-year-old design firm last month signed a Company Voluntary Agreement (CVA) with its creditors in a bid to avoid administration. ASL has made more than 80 staff redundant, including 13 employees from its Abu Dhabi office, which has since closed. — arabianbusiness.com
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