Dubai to build world's biggest mall

Last updated 09:45 07/07/2014

Relevant offers


US State Department map shows US only safe place to travel Top celebrity travel pictures of the week Hilton hotel group payment systems hit by malware Air New Zealand releases Airband monitoring bracelets for unaccompanied minors Tahuna Beach Holiday Park set for 20-year makeover project EasyJet, BA cancel Sharm el-Sheikh flights until January Kiwi Regional Air axes Queenstown to Dunedin flights US issues worldwide travel alert as terror threat grows Delta Airlines reply to eight-year-old for his plane crash recovery idea Ethiopian Airlines makes history with all female crew

Dubai is launching a project to build an entertainment and hotel district that will include the world's largest shopping mall, the emirate's ruler, Sheikh Mohammed bin Rashid al-Maktoum, said.

Plans for the "Mall of the World" project were originally revealed 18 months ago, helping to trigger a strong rally in Dubai's real estate and stock markets.

The announcement appeared to indicate that substantial work on the project would now begin, though the statement did not say when construction would be completed, how much it would cost or how it would be financed.

"The project will be built in phases in alignment with the gradual growth of family tourism in Dubai," said Mohammed Abdullah al-Gergawi, chairman of Dubai Holding, which is Sheikh Mohammed's personal investment vehicle and will develop the project.

The latest version of the plans includes construction of an 8 million square foot (743,000 square metre) mall, connected to a theme park, theatres, 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 kilometres of promenades connecting the facilities would be opened to the air during the winter but covered and air-conditioned during the hot Gulf summer.

Dubai is still recovering from its 2009 debt crisis and the International Monetary Fund has warned a slew of new real estate projects could lead to another boom-bust cycle.

But officials say they are able to handle the risks, and a strong economy is helping Dubai's government-linked firms restructure their debt.

Ad Feedback

- Reuters


Special offers

Featured Promotions

Sponsored Content