Mall of the World to start construction in 2017!
The final pieces of paper are being signed off and Dubai Holding have announced that the development of the Mall of the World will begin in 2017!
All the Mall of the World is waiting for now is the final approvals from government agencies, which are expected to be signed off by late 2016.
The Vice-Chairman and Managing Director of Dubai Holding, Ahmad bin Byat said “Work on infrastructure will take up to two years, during which time we expect to move to Dubai Police Academy to Academic City.”
The development of the mega mall with stretch 1.7 million square metres, and will be built in 2 phases.
Mall of the World will be a central hub
Bin Byat emphasised that the Mall of the World is a complex, long-term and strategic project that is set to play a significant role in positioning Dubai as a global hub for tourism, in line with the leadership’s plans including Dubai Tourism Vision 2020.
The company said the mixed-use development will span a land area of 1.7 million square metres in the centre of Dubai and will be built in two phases.
The Mall of the World will have retail, office, hospitality, entertainment and residential areas, made up of almost 278 buildings.
There will also be new roads going in and out of the complex, 7 modes of transport, walkways, bicycle routes, shuttle busses, metros and trams!
The Cheif Operating Officer of Mall of the World, Morgan Parker 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.