DUBAI:
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 on Saturday.
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. Saturday’s 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 Dubai Holding Chairman Mohammed Abdullah al-Gergawi. The latest version of the plans includes construction of an eight million square foot 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.
Published in The Express Tribune, July 6th, 2014.
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This will help their economy.
@ Patriot, thats real funny. Im sure the 40% of UAE which are Indian laborers will fight ISIS for them, under modijimaharaaj. The threat is very real. If it wasnt for the United States, Saddam would have stayed and controlled the entire east of Saudi Arabia, Kuwait and who knows what else.
@ Khan, have you been living under a rock? Palestine, Iraq, Syria. ISIS are on the borders of of the GCC.
ISIS will run over Saudi Arabia and Dubai(UAE) in coming days. Need to tighten the belt and leave this luxury and extravagance.
There govt seems only interested in developing Dubai. What about rest of UAE. !
JK What height of Craziness can you explain ?
Height of craziness
@wakeup: Care to share what you know is happening in rest of ME ?
meanwhile, in the rest of the middle east... Time to wake up UAE.