Limitless announces US$12 billion Riyadh project
Dubai-based developer Limitless unveils plans for a new mega project in Saudi Arabia.
Dubai-based developer Limitless has announced details of a new mega project in Saudi Arabia.
The US$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.
Full details of the project will be unveiled at next week's Saudi Travel and Tourism Investment Market (STTIM), Limitless said.
The project will be a ÃƒÂ¢Ã¢â€šÂ¬Ã‹Å“sustainable, modern community' that is expected to create some 50,000 jobs, Saeed Ahmed Saeed, CEO of Limitless commented.
The Al Wasl project is the first in a number of projects planned for Saudi Arabia, the developer added.
Other projects by Limitless in the GCC region include the Arabian Canal and Downtown Jebel Ali developments, both located in Dubai.
The STTIM takes place 24 March in Riyadh.