The Palm Trump International Hotel & Tower was a proposed skyscraper hotel at the trunk of the Palm Jumeirah in Dubai. It was a joint venture between the Trump Organization and Dubai-based Nakheel, a government-owned company, and was announced on October 5, 2005. The hotel was expected to be a 300-room hotel. Construction work was suspended indefinitely on this and other prestigious building projects throughout Dubai in late 2008, largely as a result of the global credit crunch. The project was officially cancelled by Nakheel in February 2011, and will probably be replaced by a shopping mall on Palm Jumeirah Island.