Mall of the World gets new home
01 October 2016
Dubai Holding plans to relocate the planned Dh25-billion ($6.8 billion) Mall of the World to a site on Sheikh Mohammad bin Zayed Road in Dubai.
The project’s positive tourism contribution can be fully realised on the new site, Ahmad Bin Byat, vice chairman and managing director of Dubai Holding, said.
The mall was first announced in mid-2014 and is expected to become the world’s biggest shopping mall when completed. It was proposed to be built on a 48-million-sq-ft property on Sheikh Zayed Road.
Earlier, Dubai Holding was expected to start work on the project this year for completion of the first phase in 2018. Mall of the World will now undergo extensive planning to become a major retail and leisure destination.
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