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.
Mall of the World relocates in response to Dubai’s evolving tourism strategy.
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.
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.
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 Dubai Holding to further expand as needed it in the future according to market needs.
Mall of the World will now undergo extensive planning to become a major retail and leisure destination.
The original plan includes 8 million square feet of shopping areas, the largest indoor game park in the world with a dome that can be opened during the winter time, and areas for theaters, cultural events, medical tourism, and about 20,000 hotel rooms.
The mall is expected to be able to receive 180 million visitors annually.
The first phase – representing about a quarter of the project’s size – is scheduled be completed before Dubai hosts the Expo 2020 exhibition.