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Limitless begins region's biggest ever civil engineering project
- United Arab Emirates: Wednesday, January 02 - 2008 at 10:12
- PRESS RELEASE
Preliminary excavation work is underway on Arabian Canal - the $11bn, 75km man-made waterway being managed by Limitless.
Saeed Ahmed Saeed, CEO of Limitless, said: "2007 has been an amazing year for Limitless, with four new global projects to our name, including Arabian Canal, Dubai's most ambitious mega-project yet. What better way to see out the year than to be starting what will undoubtedly be a future wonder of the engineering world?"
Arabian Canal will be 150 metres wide and six metres deep, and will flow inland from Dubai Waterfront, passing to the east of the new Dubai World Central International Airport before turning back towards Palm Jumeirah.
Limitless is also master planning its biggest mixed-use development yet as part of the Arabian Canal project. The $50bn waterfront development will span up to 20,000 hectares and stretch for 33km along the inland section of the waterway, east of the new international airport.
The project is designed to be a focal point for Dubai's cultural attractions and community events. It will include marinas, residential communities and business centres serving over a m people. The master plan bears all the hallmarks of a classic Limitless project. Balanced, sustainable and planned around people, it includes green, open spaces and distinctive residential, commercial, retail and recreational components."
Investors interested in the development are reminded that the project has not yet been launched for sale, despite claims by some that they have been appointed as sales agents by Limitless.
Saeed Ahmed Saeed said: "Limitless has not authorised anyone to act on its behalf in the marketing or sales of the Arabian Canal project. Limitless will make an official announcement when the project is ready to be released for sale."
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Notes and media contacts
Media enquiries:Rebecca Rees, Limitless PR on +971 4 375 9733
Limitless LLC, a Dubai World company, is an integrated global real estate developer across market segments, delivering distinctive and sustainable developments. Established in July 2005 and built upon the philosophy of 'delivering distinction', Limitless has three specific areas of expertise: master planning large urban communities, waterfront development and the implementation of large scale balanced projects.
Limitless projects:
Al Wasl, Saudi Arabia (announced 11 October 2007): $12bn, 1,400 hectare mixed-use development near Riyadh, including 60,000 homes as well as mosques, educational facilities, offices, shopping malls and hotels.
Arabian Canal, UAE (announced 10 October 2007): $11bn, 75 kilometre-long man-made waterway - the biggest and most complex civil engineering project ever undertaken in the Middle East. Limitless is also master planning a $50bn, 20,000 hectare canalside 'city' as part of the project.
Bidadi, India (announced 2 October 2007): $12bn, 4,000 hectare urban community near India's technology capital, Bangalore. The first of five new towns planned by the Government for the outskirts of the city.
Halong Star, Vietnam (announced 5 September 2007): $220m, 125 hectare mixed-use development with residential units, hotels, and education, cultural and recreational facilities, overlooking Halong Bay, a UNESCO-sanctioned world heritage site.
Downtown Jebel Ali, UAE (announced 15 November 2006): $13bn, 200 hectare sustainable, mixed-use development consisting of four quarters, each with its own iconic, individually-themed plaza. Downtown Jebel Ali will have nearly 330 buildings, including 237 residential towers.
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