Limitless cuts jobs and delays major project

Dubai-based property developer Limitless has made 38 of its staff redundant (7%) and delayed the second phase of its Arabian Canal project.

The Arabian Canal is a 75 km man-made waterway and series of waterfront developments. It will run from the Dubai Waterfront at Jebel Ali, past the new Dubai World Central International Airport, and back towards the Palm Jumeirah.

The company will continue work on the first phase of the project, excavation of an 8 km stretch of waterway. The whole project is likely to be split into around 10 phases.

Tags: Arabian Canal, Limitless, Projects, Waterfront