Dubai Holding has said that it was relocating its Dh25 billion Mall of the World project to a site fronting Sheikh Mohammed bin Zayed Road.
In a statement, Dubai Holding said that the decision to move the site was taken so that it can be based in an area where its “positive tourism contribution can be fully realised”.
Ahmad bin Byat, the vice chairman and managing director of Dubai Holding, said: “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 Mohammed bin Zayed Road will be an outstanding home for the project, as it will allow Dubai Holding to further expand as needed in the future, according to market needs.”
By Michael Fahy www.thenational.ae
