Limitless to build $12b project in S. Arabia

DUBAI — Limitless will create a SR45 billion ($12 billion) urban community in Saudi Arabia, the company announced yesterday.

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By A Staff Reporter

Published: Fri 12 Oct 2007, 10:33 AM

Last updated: Sat 4 Apr 2015, 11:25 PM

Al Wasl, which will be on show at Cityscape Dubai from October 16, is the first of several projects planned by Limitless in Saudi Arabia. It will be developed on a 1411 hectare (14.1 million square metre) site north of Riyadh.

Designed to reflect and complement the natural environment of Wadi Hanifa, Al Wasl will comprise a number of inter-connected districts, with more than 60,000 homes, offices, hotels, mosques, health and educational facilities, shopping malls and sports amenities.

Saeed Ahmed Saeed, chief executive officer of Limitless, said: "Riyadh's population is growing by 150,000 — or three per cent — every year. Some 50,000 new homes are required annually to accommodate the capital's rapidly-increasing numbers. Around five million people live in Riyadh today; in 20 years the figure will rise to eight million if the population continues to grow at current rates.

"Al Wasl is tailor-made to preserve the traditional Saudi Arabian culture while creating a modern, self-sustaining community for more than 200,000 people."

A Staff Reporter

Published: Fri 12 Oct 2007, 10:33 AM

Last updated: Sat 4 Apr 2015, 11:25 PM

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