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Tue 8 Sep 2015 06:31 PM

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Dubai Holding hires exec to manage Mall of the World project

Mall of the World will feature 8m sq ft mall connected to a theme park, 100 hotels and serviced apartment buildings with 20,000 rooms

Dubai Holding hires exec to manage Mall of the World project
Mall of the World, which will be developed by Dubai Holding. Image: Dubai Holding

Dubai Holding on Tuesday announced the appointment of Morgan Parker as chief operating officer of Mall of the World, encompassing an 8 million square foot mall connected to a theme park, 100 hotels and serviced apartment buildings with 20,000 rooms.

Morgan joins Dubai Holding from the Rockefeller family-owned global private equity firm - Rose Rock - where he served as CEO, a statement said.

His experience as a senior executive at Morgan Stanley, TaubmanCenters and Lend Lease spans two decades as developer, investor and banker in all Asia Pacific markets completing 65 projects in nine countries, it added.

At Dubai Holding, Morgan will oversee progress of the Mall of the World project which is expected to add significantly to the emirate's tourism, retail and hospitality portfolio.

With an integrated layout of malls, street markets, department stores, rows of high street shops, entertainment venues, hotels, offices and residences, the project aims to transform Dubai's urban landscape.

Ahmad Bin Byat, vice chairman and managing director of Dubai Holding, said: "What we are creating is essentially a seamlessly integrated core of the city, the model for which is being carefully designed to serve the emirate's economic agenda and strengthen Dubai's global positioning in tourism and unique urban living.

"Given the scale and strategic importance of Mall of the World, I am pleased to appoint Morgan Parker to directly manage the project. His expertise in delivering projects of scale and complexity is acknowledged across international real estate markets."

Parker added: "Dubai has an unrivalled potential to grow its international appeal and Mall of the World has been envisioned to create a permeable, flexible urban fabric that allows infinite possibility to rise into the future.

"I am pleased to take charge of a project that has captured the imagination of people in Dubai and beyond and I am confident that my expertise from Asia Pacific will bring a fresh perspective to the project."

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