Dubai’s Mall of the World Project Gaining Steam
Dubai Holding on Tuesday said that many investors have shown interest in the multi-billion-dollar Mall of the World project, which will offer a wide range of leisure, retail, cultural, residential, commercial and hospitality options in the heart of Dubai.
The mixed-use development, which costs approximately $25 billion over 10 to 15 years, will span a land area of 1.7 million sqm in the centre of Dubai and will be built in two phases.
“Mall of the World is a complex, long-term and strategic project that is set to play a significant role in positioning Dubai as a global hub for tourism, in line with our leadership’s plans including Dubai Tourism Vision 2020,” Ahmad bin Byat, vice-chairman and managing director of Dubai Holding, said at a media briefing. Details