Dh.224b Arabian Canal expected to be a 'wonder' of the engineering world
Thursday, October 11, 2007
Dubai, on Tuesday, unveiled a 75-km canal, which would re-shape the southern part of Dubai, transforming the huge Jebel Ali land mass into an island.
This latest mega-project of New Dubai, the Arabian Canal, will turn out to be the biggest and most expensive engineering feats in the world, costing $61 billion (Dh.224 billion).
The giant project will be built in two phases - the first phase is the 75kms canal, worth $11 billion that connects Palm Jebel Ali to the Palm Jumeirah, and the second phase is a 'city within a city' worth $50billion, which covers 20,000 hectares across the southern flank of the canal.
The global real estate branch of Dubai World, which is developed by Limitless, will also bring about a transformation on the arid terrain which stretches from outskirts of New Dubai to Jebel Ali.
"The Arabian Canal, will no doubt, be one of the wonders of the Engineering world," commented Saeed Ahmad Saeed, CEO of Limitless.
The canal, measuring about 150 meters in width and six meters in depth, will flow locally from Dubai Waterfront, through east of new Dubai World Central International Airport and finally will turn back to Palm Jumeirah.
The entire canal project is due for completion towards 2010.
Social BookmarkingThis latest mega-project of New Dubai, the Arabian Canal, will turn out to be the biggest and most expensive engineering feats in the world, costing $61 billion (Dh.224 billion).
The giant project will be built in two phases - the first phase is the 75kms canal, worth $11 billion that connects Palm Jebel Ali to the Palm Jumeirah, and the second phase is a 'city within a city' worth $50billion, which covers 20,000 hectares across the southern flank of the canal.
The global real estate branch of Dubai World, which is developed by Limitless, will also bring about a transformation on the arid terrain which stretches from outskirts of New Dubai to Jebel Ali.
"The Arabian Canal, will no doubt, be one of the wonders of the Engineering world," commented Saeed Ahmad Saeed, CEO of Limitless.
The canal, measuring about 150 meters in width and six meters in depth, will flow locally from Dubai Waterfront, through east of new Dubai World Central International Airport and finally will turn back to Palm Jumeirah.
The entire canal project is due for completion towards 2010.
Labels: Dubai City, Dubai Real Estate, Limitless, New-Dubai
Limitless to develop realty projects in Saudi
Thursday, July 12, 2007
Limitless based in Dubai, which is an arm of the Dubai World Group, has announced its plans to develop real estate projects in Saudi Arabia and opening of its office in Riyadh.
The Business Development Director-Middle East of Limitless, Abdul Salam Al Jassmi, said "Saudi ticks all the right boxes in out global strategy. We are assessing projects in Riyadh and other cities in the Kingdom."
The Dubai_based developer already has projects in Pakistan, South East Asia and China.
"We are continuously monitoring the market, and our aim is to produce tailor-made developments which while preserving the traditional Saudi culture, also creates modern self-sustaining urban communities that provide entertainment, employment and recreational facilities," Al Jassmi added.
Social BookmarkingThe Business Development Director-Middle East of Limitless, Abdul Salam Al Jassmi, said "Saudi ticks all the right boxes in out global strategy. We are assessing projects in Riyadh and other cities in the Kingdom."
The Dubai_based developer already has projects in Pakistan, South East Asia and China.
"We are continuously monitoring the market, and our aim is to produce tailor-made developments which while preserving the traditional Saudi culture, also creates modern self-sustaining urban communities that provide entertainment, employment and recreational facilities," Al Jassmi added.
Labels: Latest News, Limitless, Real Estate Company
