Dubai's government will not sell any assets to meet the obligations of state-owned Dubai World, but the conglomerate itself might sell some of its foreign assets, Dubai's finance chief told Al Jazeera television.
"Part of obtaining finance is selling assets ... belonging to the company and not the government," Abdulrahman al-Saleh, director general of Dubai's department of finance said in an interview posted on the news network's website on Monday.
"There is confusion in the media that the government plans to sell assets ... the company has foreign investments and real estate investments abroad. There is nothing to prevent selling these assets."
"The main goal of the restructuring of Dubai World is to guarantee its continuation in a new framework," Saleh said, adding that it was "premature" to speak about specific plans about Dubai World's restructuring.
Saleh declined comment on Dubai World's talks with creditors.
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