Monday, December 04, 2006

Construction: Dubai based company to build new Russian city

Limitless - a Dubai-based developer which is the real-estate development subsidiary of Dubai World has announced that it plans to build a new Russian city on 44,000 acres near Moscow.

The project, dubbed Great Domodedovo, was described by developer Limitless as "one of the largest projects planned by an international developer anywhere in the world today."

The $11 billion investment in the project's first 7,500 acre-phase will be made in partnership with Russian investment and development company, Coalco, according to a written statement.