Dubai decides to relocate $22bn Mall of the World project

Dubai Holding chief says remains committed to mega project; will now be built on site on Sheikh Mohammad bin Zayed Road

Dubai Holding on Wednesday announced that it has taken the decision to relocate Mall of the World to a site on Sheikh Mohammad bin Zayed Road.

The state-run company said it remained committed to the project which was first announced in mid-2014 and will become the world's biggest shopping mall.

Ahmad Bin Byat, vice chairman and managing director of Dubai Holding, said the move would allow the project's positive tourism contribution to be "fully realised", without giving further details. 

He added: “Tourism remains a major part of Dubai’s diversification strategy and Mall of the World will be a critical part of that vision. Dubai Holding is committed to developing Mall of the World, a major retail and leisure destination in the region, and believes that the new location on Sheikh Mohammad bin Zayed Road, will be an outstanding home for the project, as it will allow Dubai Holding to further expand as needed it in the future according to market needs.”

He said Mall of the World will now undergo extensive planning to become a major retail and leisure destination.

The original Mall of the World project encompasses 8 million square feet (745,000 square metre) of shopping space connected to a theme park, 100 hotels and serviced apartment buildings with 20,000 rooms. It is not clear whether the project will be downsized.

In February, Dubai said it would press ahead with plans to build the mega mall despite an economic slowdown looming in the region, but would assess market demand before proceeding with the project's later stages.

The first phase - representing about a quarter of the project's size - is scheduled be completed before Dubai hosts the Expo 2020 exhibition.

Plans for the remainder "will be dependent on market dynamics", Byat has previously said, adding that the total bill would be nearly AED80 billion ($22 billion).

Join the Discussion

Disclaimer:The view expressed here by our readers are not necessarily shared by Arabian Business, its employees, sponsors or its advertisers.

Please post responsibly. Commenter Rules

Posted by: Zoho

Love_construction I like your comment. Building large mega projects and malls is not mutually exclusive with building art centers and libraries. As Dubai aspires to become one of the greatest city in the world, there will be built all of it.

Posted by: Love_construction

Here is the library "Six firms said to bid for $272m Dubai library construction contract " but do not think it is going to be the library of the world.

Posted by: Durteger

Why not create the "Library of the World'- the biggest and best equipped library on the planet. Dubai needs a good Library

Posted by: Telcoguy

@Fentoni you forgot to mention some books by biologist Richard Dawkins. I was surprised to find out that, and it certainly did not enjoy learning that my reading habits made me a criminal.
Oh well, I guess that for some readers here that is not a problem.

Posted by: Fentoni

@Durteger I think Dubai is going to struggle to create the best equipped library on the planet in a region that would not or could not allow certain books in the library. I'm thinking about classics such as - Ulysses by James Joyce, Lady Chatterley's Lover by D.H. Lawrence, Tropic of Cancer by Henry Miller or Last Exit to Brooklyn by Hubert Selby Jr. Size isn't everything, Dubai could certainly build the biggest library in Dubai however with cultural norm here preventing the availability of books covering a range of topics it could never truly be the best?

Posted by: Red Snappa

Quite frankly how can there possibly be any additional capacity left in the retail sector to support even more mega-malls? Nakheel have only recently annnounced another huge mall, but at least I believe that is in Deira.

Posted by: SA1

population growth and higher tourist numbers.

Posted by: Lovelife

Fentoni, I love your comment. Right to the point. How many mega-malls does Dubai really need? Everywhere the same overpriced upscale shops. You know one mall - you know them all. Are we human beings only on this planet, to shop, shop, shop?

Posted by: Bill

Shopping (commerce) makes the world go round! We need more malls. Haven't you heard of the phrase "shop till you drop"?

All comments are subject to approval before appearing

Further reading

Features & Analysis
Saudis tighten their belts for Eid in age of austerity

Saudis tighten their belts for Eid in age of austerity

Gov't cuts, which began late in 2015, are now rippling through...

New Saudi snow city tests kingdom's capacity for fun

New Saudi snow city tests kingdom's capacity for fun

Mixed-gender attraction is a rare opportunity for Saudis of all...

Retail renaissance in Saudi Arabia

Retail renaissance in Saudi Arabia

The largest economy in the GCC is emerging as a lucrative retail...

Most Popular
Most Discussed