Limitless, the global master development arm of Dubai World, has established two new companies in the Far East, where it is eyeing a number of large-scale, balanced urban community projects. Limitless World China Ltd has been set up in Hong Kong, while Limitless Consultancy Company Ltd is based in Shanghai.
Mark Jared, Business Development Director for Limitless in China, said: “China will play a key role in our long term plans for growth, and the launch of our companies there reinforces our dedication to the Far East. Our unique ability to create distinctive, sustainable, urban developments means we are ideally placed to help China in its move towards greater urbanisation.”
Research shows that China has seen a 20 per cent annual growth in real estate over the last decade. More than 750 cities will be built there over the next 15 years, and 2,500 projects – including waterfront developments, industrial free zones, techo-cities and tourism projects – are either underway or in the pipeline.
News of the Limitless expansion in China comes just days after the company disclosed details of Halong Star in Vietnam, its first project in South East Asia. Limitless also recently announced the opening of its new regional headquarters in Singapore.
Mark Jared added: “The Far East and SE Asia are exciting, dynamic regions for Limitless. Our projects in this part of the world will represent a sizeable chunk of our global portfolio of developments.”
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Media enquiries: Rebecca Rees, Limitless PR on +971 4 375 9733 or Rebecca.rees@limitless.ae