The property developer Limitless, which is owned by the Dubai Government, has replaced Saeed Ahmed Saeed as chief executive with an executive from its sister company Nakheel.
In a statement yesterday, Limitless said it had appointed Mohammed Rashed bin Dhabeah, responsible for building 8,000 homes in Dubai since 2010, to take over as chief executive. Mr Rashed is Nakheel’s managing director for development.
Limitless said Mr Rashed, who has been with Nakheel since 2003, would be responsible for spearheading development at Limitless’s projects in the UAE, Saudi Arabia, Russia and Vietnam, while continuing to work in his role at Nakheel.
Limitless is working on plans to build 50,000 homes at its Al Wasl project outside Riyadh in Saudi Arabia, 750 homes at Zagorodny Kvartal north of Moscow in Russia and accommodation for 4,000 residents at Halong Star in Halong Bay, Vietnam.
While Nakheel’s business model has been to develop major projects in Dubai, Limitless was formed in 2005 to be its overseas counterpart.
Growing demand for Dubai property before the global financial downturn led the company to take on ambitious projects including a US$11 billion Downtown Jebel Ali project as well as plans for a proposed 75-kilometre waterway valued at the time at Dh40.3 billion.
Limitless and Nakheel were hit hard by the financial crisis and were transferred from the Dubai conglomerate Dubai World to direct ownership by the emirate’s Government in 2011.
In November 2013, Limitless said that it would restart construction of its final apartment block at The Galleries in Downtown Jebel Ali. However, plans for some of Limitless’ more ambitious projects such as the Arabian Canal remain on hold as the company reviews its investments.
lbarnard@thenational.ae
Zidane's managerial achievements
La Liga: 2016/17
Spanish Super Cup: 2017
Uefa Champions League: 2015/16, 2016/17, 2017/18
Uefa Super Cup: 2016, 2017
Fifa Club World Cup: 2016, 2017
UAE currency: the story behind the money in your pockets
RESULTS
5pm: Maiden (PA) Dh80,000 1,400m, Winner SS Lamea, Saif Al Balushi (jockey), Ibrahim Al Hadhrami (trainer).
5.30pm: Wathba Stallions Cup Handicap (PA) Dh70,000 1,400m, Winner AF Makerah, Sean Kirrane, Ernst Oertel
6pm: Handicap (PA) Dh80,000 1,600m, Winner Maaly Al Reef, Brett Doyle, Abdallah Al Hammadi
6.30pm: Handicap (PA) Dh90,000 1,600m, Winner AF Momtaz, Antonio Fresu, Musabah Al Muhairi
7pm: Handicap (PA) Dh80,000 2,200m, Winner Morjanah Al Reef, Brett Doyle, Abdallah Al Hammadi
7.30pm: Handicap (TB) Dh100,000 2,200m, Winner Mudarrab, Jim Crowley, Erwan Charpy
THE BIO: Martin Van Almsick
Hometown: Cologne, Germany
Family: Wife Hanan Ahmed and their three children, Marrah (23), Tibijan (19), Amon (13)
Favourite dessert: Umm Ali with dark camel milk chocolate flakes
Favourite hobby: Football
Breakfast routine: a tall glass of camel milk
The specs
Engine: 4.0-litre flat-six
Torque: 450Nm at 6,100rpm
Transmission: 7-speed PDK auto or 6-speed manual
Fuel economy, combined: 13.8L/100km
On sale: Available to order now
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UAE currency: the story behind the money in your pockets
Killing of Qassem Suleimani
Day 4, Dubai Test: At a glance
Moment of the day Lahiru Gamage appeared to have been hard done by when he had his dismissal of Sami Aslam chalked off for a no-ball. Replays suggested he had not overstepped. No matter. Two balls later, the exact same combination – Gamage the bowler and Kusal Mendis at second slip – combined again to send Aslam back.
Stat of the day Haris Sohail took three wickets for one run in the only over he bowled, to end the Sri Lanka second innings in a hurry. That was as many as he had managed in total in his 10-year, 58-match first-class career to date. It was also the first time a bowler had taken three wickets having bowled just one over in an innings in Tests.
The verdict Just 119 more and with five wickets remaining seems like a perfectly attainable target for Pakistan. Factor in the fact the pitch is worn, is turning prodigiously, and that Sri Lanka’s seam bowlers have also been finding the strip to their liking, it is apparent the task is still a tough one. Still, though, thanks to Asad Shafiq and Sarfraz Ahmed, it is possible.
