The next mega-shopping and leisure complex in Dubai (and potentially still the world’s biggest in the future) is moving home.
Plans to build Mall of the World in Mohammed Bin Rashid City have changed direction and landed on Sheikh Mohammad bin Zayed Road.
“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,” Ahmad Bin Byat, vice chairman and managing director of Dubai Holding, was quoted as saying by Arabian Business.
“It will allow Dubai Holding to further expand as needed in the future according to market needs.”
“Dubai is maturing as a city and investors are looking for rational projects. At the end of the day, the money is made by the tenants paying the rent and they are looking for projects that function.”
It isn’t clear yet whether the project will be downsized. The first phase - representing about a quarter of the project's size - is scheduled to be completed by the time Dubai hosts Expo2020.
This video from September 2015 showcases the complexities of planning such an enormous and multifaceted retail and leisure complex: