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One of the largest emirate’s urban development companies, Dubai Holding is planning to start implementing its mega project Mall of the World in Dubai in 2017, all permissions expected to come by late 2016.
Ahmad Bin Byat, Managing Director of Dubai Holding, has emphasized that Mall of the World is a complex, long-term and strategically important project, which will play a significant role in positioning Dubai as an international tourist center in accordance with the Dubai Tourism Vision 2020.
“It is expected that work on the implementation of the project will begin after the completion of obtaining the necessary approvals from government agencies concerned which is expected to be obtained by late 2016,” Bin Byat said.
The construction of this mega project covering 1.7 million square meters will be carried out into two phases, while the creation of basic infrastructure will take two years, said the developer.
Some of the main parts of the Mall of the World, which is about to include 278 buildings, 33 roads, 152,500 square meters of plazas, walkways, boulevards and bicycle routs on completion, will be delivered before Expo 2020 in Dubai, but the full of the project implementation will take 10 - 15 years.
In addition to commercial and retail property, Mall of the World will have a number of residential buildings, hospitality facilities, offices and entertainment units. The developer has also stressed out that the project will be constructed taking to account Dubai’s climate conditions, as it is positioned as an all-year-round "paradise" for tourists and residents. That’s why special attention will be paid to construction of covered walkways, climate-controlled recreational zones, shady parks and water facilities.
Morgan Parker, Chief Operating Officer, Mall of the World, said: “We are making good progress with the planning and thoughtful approach to the development of Mall of the World. It sits at the heart of Dubai and will be critical to the Emirate’s economic growth.”
