Quotes: MENA   Enter Symbol: NewsLetter: Search: advanced

'Mall of the World' gets green light in Dubai  Join our daily free Newsletter

MENAFN - Kuwait News Agency (KUNA) - 06/07/2014
No. of Ratings : 0
Add to Mixx!



(MENAFN - Kuwait News Agency (KUNA)) UAE Vice President and Prime Minister, and Ruler of Dubai Sheikh Mohammed bin Rashid Al-Maktoum, launched Saturday the world's first temperature-controlled city, Mall of the World, in Dubai



The project will comprise the largest indoor theme park in the world, which will be covered by a glass dome that will be open during the winter months and the largest shopping mall in the world with an area of 8 million sq. ft



The mall will take the form of an extended retail street network, different to the typical shopping mall concept currently available in Dubai, in Addition to districts within the project will include a wellness dedicated zone catering to medical tourists, a cultural celebration district as well as a wide range of hospitality options comprising 20,000 hotel rooms catering to all types of tourists



The City is projected to become a year-round destination, welcoming around 180 million visitors annually



"The growth in family and retail tourism underpins the need to enhance Dubai's tourism infrastructure as soon as possible." Sheikh Mohammed said



"This project complements our plans to transform Dubai into a cultural, tourist and economic hub for the two billion people living in the region around us; and we are determined to achieve our vision." Sheikh Mohammed added



Sheikh Mohammed confirmed the need to work towards achieving Dubai's ambitious tourism vision



"Our ambitions are higher than having seasonal tourism, tourism is key driver of our economy and we aim to make UAE an attractive destination all year long." Said sheikh Mohammed



"This is why we will start working on providing pleasant temperature-controlled environments during the summer months, we are confident of our economy's strength, optimistic about our country's future and we continue to broaden our vision." added Sheikh Mohammed



The new project, developed by Dubai Holding, will introduce an innovative concept of an integrated pedestrian city connected to the mall and offering a wide range of leisure, retail, cultural, wellness, recreation and hospitality options under one roof



The tourists will be able to enjoy a week-long stay without the need to leave the City or use a car, The 7km long promenades connecting all facilities will be covered during the summer and open during the winter



The project will see the addition of 100 hotels and serviced apartments buildings, including 20,000 hotel rooms, to Dubai's hospitality sector



The project will also include designated parking areas with a capacity to host up to 50,000 cars on the ground level



Dubai Cultural District will be the hub for national and multinational cultural festivities and events in UAE, a dedicated theatre district with host of venues similar to some of the world's most renowned landmarks such as London's West End and New York's Broadway



The Celebration Walk, similar to the Ramblas Street in Barcelona will connect the cultural district to the rest of the Mall



Dubai Cultural District will include a range of conference, wedding and celebration halls with a capacity to host thousands of revelers, befitting the multicultural social fabric of Dubai



The Mall will offer a holistic experience to medical tourists and their families, ensuring access to quality healthcare, specialized surgical procedures and cosmetic treatments, wellness facilities and high-end hospitality options



"Mall of the World presents an innovative concept in the international hospitality sector, further strengthening Dubai's appeal as a tourism hub with a wide range of options." Chairman of Dubai Holding Mohammed Al-Gergawi said



This project is a product of extensive research studying international and regional tourists' requirements and preferences; the objective is to create an integrated city with a plethora of best-in-class options within pleasant environments, he added



"We are ready to move forward with this unique concept, whose distinctive offering and strategic location will play an instrumental role in advancing the growth of Dubai's tourism sector." he said



The project will follow the green and environmentally friendly guidelines of the Smart Dubai model; it will be built using state-of-the-art technology to reduce energy consumption and carbon footprint, ensuring high levels of environmental sustainability and operational efficiency


 


Kuwait News Agency (KUNA)




  MENA News Headlines
 Jan 28 2015 - Gulf states to rethink monetary policyMENAFN
(MENAFN) Gulf Arab oil states may need to rethink longstanding economic policies, including their fixed exchange rates, over the next five to 10 years as economic cycles in the region and the US ...

 Jan 28 2015 - DIB picks arrangers for potential Tier 1 sukukKhaleej Times
(MENAFN - Khaleej Times) Dubai - Dubai Islamic Bank, or DIB, said on Tuesday that it picked eight banks to arrange roadshows from January 8 for a potential benchmark size dollar-denominated sukuk ...

 Jan 28 2015 - What next for Londonium and Barclays?Khaleej Times
(MENAFN - Khaleej Times) I have tried to visit Britain on the eve of every general election since the end of the Thatcher era (by Tory regicide, not the ballot box) in November 1990 in search of ...

 Jan 28 2015 - Emirates NBD - holding the banking fortKhaleej Times
(MENAFN - Khaleej Times) The banking industry looks set to sustain positive trends this year due to strong macroeconomic economic indicators, sufficient liquidity and low interest rates in the ...

 Jan 28 2015 - China pumps cash into banks in a bid to accelerate growthKhaleej Times
(MENAFN - Khaleej Times) Beijing - China's central bank has bolstered support for the cooling Chinese economy by injecting another 50 billion yuan ($8.1 billion) worth of short-term loans into banks ...

 Jan 28 2015 - Union National Bank posts 16% jump in annual earningsKhaleej Times
(MENAFN - Khaleej Times) People walking past a Union National Bank branch in Dubai. The total assets of the UNB Group increased by seven per cent in 2014 to Dh93.5 billion as at December 31, 2014. - ...

 Jan 28 2015 - Gulf Arab countries may need to rethink policy: Qatari bankerKhaleej Times
(MENAFN - Khaleej Times) Dubai - Gulf Arab oil states may need to rethink longstanding economic policies, including their fixed exchange rates, over the next five to 10 years as economic cycles in ...

 Jan 28 2015 - GCC retail sector on growth pathKhaleej Times
(MENAFN - Khaleej Times) Dubai - GCC retail sales are expected to grow at a 7.3 per cent compound annual growth rate (CAGR) between 2013 and 2018 to reach $284.5 billion, according to Alpen ...

 Jan 28 2015 - Dubai International airport crowned as world's busiestKhaleej Times
(MENAFN - Khaleej Times) The airport's passenger numbers boosted by 6.1 per cent to 70.5 million in 2014 and pushed the Heathrow down to the second position as London's top airport handled 68.1 ...

 Jan 28 2015 - Sharjah's Dh17.7b budget to ensure economic upliftKhaleej Times
(MENAFN - Khaleej Times) Sharjah - His Highness Dr Shaikh Sultan bin Mohammed Al Qasimi, Member of the Supreme Council and Ruler of Sharjah, on Tuesday approved the 2015 general budget of the emirate ...

more...


 






Google

Click to Apply

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country

Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Economic Calendar
Financial Glossary


Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2014 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help