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FINANCIAL NEWS
Dubai aims to establish world’s largest shopping mall
10 Feb 2016
(MENAFN) Dubai proclaimed that it would construct the world’s biggest shopping mall despite an economic slowdown pending in the area, but would assess market need before continuing with the project.
Furthermore, the project includes 8mn square feet (745,000 square meters) of shopping space linked to a theme park, 100 hotels and serviced apartment buildings with 20,000 rooms.
However, oil makes little influence to the country’s economy, but its fall has reduced consumer and investor confidence in the Gulf’s financial and tourist hub.
“We will be reacting to the demands of the market. The project is massive and complex and will have to be built in stages,” said vice-chairman of Dubai Holding.
More News
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CBB approves the transfer of the retail banking operations of HSBC Bank Middle East, Bahrain Branch to BBK
02 Jul 2025
BBK launches the largest-ever Al Hayrat Prizes, offering BD 5 million to over 2,000 winners
12 May 2025
Alsharifi: “Proud of our strategic partnership with the Royal Humanitarian Foundation”
04 May 2025
BBK offers exclusive Mortgage Loans for luxury villas and apartments on Reef Island
30 Apr 2025
BBK discloses its financial results for the first quarter ended 31st March 2025
25 Mar 2025
BBK’s General Assembly Approves 35% Cash Dividend Distribution to Shareholders
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