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Monday, November 30 - 2009

Limitless showcases SR45bn Al Wasl at Restatex

Limitless, the global master development arm of Dubai World has showcased its SR45bn Al Wasl project to HRH Prince Dr Mansoor Bin Mutib Ibn Abdul-Aziz AlSaud, Deputy Minister of Municipal and Rural Affairs, at the inauguration of the 2008 Riyadh Exhibition for Real Estate and Architecture Development (Restatex).

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  • Limitless presents Al Wasl to HRH Prince Dr Mansoor Bin Mutib Ibn Abdul-Aziz AlSaud, Deputy Minister of Municipal and Rural Affairs.
    Limitless presents Al Wasl to HRH Prince Dr Mansoor Bin Mutib Ibn Abdul-Aziz AlSaud, Deputy Minister of Municipal and Rural Affairs.
His Royal Highness discovered how the 1400 hectare project - and others planned by Limitless in KSA - will add a new dimension to the way ms of people will live in Saudi Arabia, and bring social and economic benefits by creating thousands of jobs.

Welcoming HRH to the Limitless stand, Imad Benharouga, Limitless Head of Corporate Strategy, said: "Al Wasl has received an overwhelming response from developers and investors who are keen to be part of our distinctive, tailor-made and sustainable city.

"Al Wasl, meaning 'connection', will join tradition with the future and urban spaces with the natural countryside. In delivering the project - which will house 200,000 people - Limitless will show how its skills in the master planning and execution of large-scale, balanced developments will help to address KSA's rapidly-growing real estate needs."

Al Wasl - the first in a series of projects for Limitless in KSA - will be located 27km north of Riyadh and 20km from King Khaled International Airport. It will comprise 55,000 homes; 55 mosques, offices; hotels; health and educational facilities; shopping malls, a sports stadium and its own environmentally-friendly transport system. There will also be over 300 hectares of green, open space - a hallmark of all Limitless developments.

A 25sqm model of the project is taking centre stage at the Limitless stand at Restatex, with the company's eight other global developments also on show. Limitless is a silver sponsor of Restatex and, in March this year, was a strategic sponsor of the Saudi Travel and Tourism Investment Market.
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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
Malaysia International Halal Park, Selangor State, Malaysia: The world's first fully-integrated Halal centre and one of two projects for Limitless in Malaysia, this 1115 hectare complex includes homes for 200,000 people, food manufacturing plants, training and research centres, offices, entertainment and retail facilities

Limitless Towers, Amman, Jordan: $300m, 200 metre residential twin towers that will be the tallest buildings in Jordan. Towers will be connected by the world's highest suspended swimming pool, 125 metres above Amman. First 'green' building in the country, with 600 luxury apartments as well as a retail, entertainment and leisure plaza

Moscow, Russia: 113 hectare development near Moscow, with 4,500 homes as well as schools, retail and commercial elements. The project is a 50-50 joint venture with leading Russian developer RDI, and will accommodate around 12,000 people

Puteri Harbour, Malaysia: $450m, 44 hectare development of landed waterfront homes - with individual berthing - and high-end condominiums. A 60-40 joint venture with UEM Land, this will be the country's first luxury waterfront enclave

Al Wasl, Riyadh, Saudi Arabia: $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, Dubai, UAE: $11bn, 75 km man-made waterway - the biggest and most complex civil engineering project ever undertaken in the Middle East. Limitless is also master planning a $50 bn, 20,000 hectare canalside 'city' as part of the project

Bidadi, Bangalore, India: $12bn, 4,000 hectare mixed-use development, including 1,000 hectares of office/commercial space, near Bangalore. The first of five new towns planned by the Government for the outskirts of the city, Bidadi will house up to 750,000 people

Halong Star, Halong Bay, Vietnam: $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, Dubai, UAE: $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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