I spoke to him with regards to the re-structuring of the debt. He stated that the debt had been re-structured and it was business as usual.

My questioning was more related to the Atlas Golf Development. I was told that it was ahead of schedule for AP1 apartments and they were looking to finish the build in December 08 ahead of the April 09 schedule.

In my opionion it looks like Adoha have taken over the build process in Morocco after Fadesa got a kick up the arse from the King. This in my opinion is the reason why Atlas Golf is ahead of schedule and they are looking to release AP2 ahead of schedule in a few weeks (although a British developer will be responsible for the build here).

With regrads to Saidia he was more vague and I did'nt press him as I have not purchased in Saidia (recently pulled out of the Athena development because of the problems in Siadia).

He stated that all constructors are having to re-organise their finances due to the credit squeeze, not only Fadesa and that business as a whole was running normaly (but then again he would say that)

Regards
RED

Edit: His name was Daniel,why don't you give him a call and see where you get. Again I would advice that you go down to the London Office as your first port of call, you may get some success