Pictures: Saudi's big problem projects

Jul 3, 2012: CW looks at some of the top cancelled and stalled Saudi projects
Pictures: Saudi's big problem projects
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Project: Al Wasl, Riyadh; Value: $12bn (SAR 45bn); Developer: Limitless; Announced: 2007; Status: On hold; The project was to be located in 30km from the Saudi capital, cover more than 14 million square metres and include over 3 million square metres of green space. The development was expected to provide 55,000 homes but was mothballed following huge losses incurred by Dubai-based developer, Limitless, during the 2008 property crash.


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