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

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...Read more...

Source:arabianbusiness.com