October 12, 2008

Limitless announces USD 12 billion mega project in Riyadh

Dubai based developer Limitless has announced details of a new mega project in Saudi Arabia.

The USD 12 billion Al Wasl project, to be located in the capital Riyadh, will cover more than 1,400 hectares and include over 300 hectares of green space. The development is expected to provide 55,000 homes.

Mr Saeed Ahmed Saeed CEO of Limitless said that the project will be a sustainable, modern community, which is expected to create some 50,000 jobs. He added that the Al Wasl project is the first in a number of projects planned for Saudi Arabia.

Other projects by Limitless in the GCC region include the Arabian Canal and Downtown Jebel Ali developments, both located in Dubai.