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Friday, November 13 - 2009

Limitless in London for final leg of funding roadshow

  • United Arab Emirates: Monday, January 21 - 2008 at 09:46
  • PRESS RELEASE

Limitless, the global master development arm of Dubai World, has landed in London for the final leg of its $1.2billion syndicated loan tour, which has captured interest from several banks in the UK, Europe, South-East Asia and Middle East.

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The 2-year loan, led by Emirates Bank and Emirates Islamic Bank, is part of Limitless' funding strategy for current and future projects, and is being raised through a 10-day international roadshow covering Dubai, Singapore, Kuala Lumpur and London.

Limitless CEO Saeed Ahmed Saeed, who is leading the tour, said: "Our tour is the launch pad for a long-term relationship between Limitless and a number of reputable banks as we move towards realising our financial plans. There has been strong, healthy response so far, and we look forward to finalising agreements by the middle of next month."

Limitless, launched in July 2005, currently has global projects in the UAE, Saudi Arabia, India, Vietnam and Malaysia, with a total development value topping $100bn. More projects are in the pipeline for the UK, Russia, Poland, China, Jordan and other markets.
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Notes and media contacts

Media enquiries: Rebecca Rees on
+971 4 375 9733

Limitless LLC, a Dubai World company, is an integrated global real estate developer across all market segments, delivering distinctive, 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:

Residential North, Puteri Harbour, Malaysia (announced 19 December 2007): 45 hectare waterfront development of luxury homes and condominiums. Development value $450m

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, preliminary work began 31 December 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, broke ground 12 December 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): S$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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