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FINANCIAL NEWS
Dubai launches ‘Mall of the World’ project
06 Jul 2014
(MENAFN) Dubai’s ruler, Sheikh Mohammed bin Rashid Al-Maktoum, said the emirate is launching a project to build an entertainment and hotel district that will include the world’s largest shopping mall, Arab New reported.
The plans include construction of a 743,000 square meter mall, connected to a theme park, theaters, medical tourism facilities and 100 hotels and serviced apartment buildings with 20,000 rooms.
The complex would be able to host 180 million visitors annually. Seven kilometers of walkways connecting the facilities would be opened to the air during the winter but covered and air-conditioned during the hot Gulf summer.
“The project “Mall of the World” will be built in phases in alignment with the gradual growth of family tourism in Dubai,” chairman of Dubai Holding said.
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