Quotes: MENA   Enter Symbol: NewsLetter: Search: advanced

Dubai to build climate-controlled 'city', largest mall  Join our daily free Newsletter

MENAFN - AFP - 06/07/2014
No. of Ratings : 0
Add to Mixx!



(MENAFN - AFP) Dubai is planning to build a temperature-controlled city featuring the world's largest mall and an indoor park, as well as hotels, health resorts and theatres, the developer said.Already home to one of the globe's biggest indoor shopping complexes, Dubai Mall, the glitzy emirate known for its love of grandiose projects said it is now planning to build the "Mall of the World".The all-pedestrian complex would occupy a total area of 48 million square feet (4.45 million square metres), said Dubai Holding, the developer owned by Dubai ruler Sheikh Mohammed bin Rashid al-Maktoum.The project "will comprise the largest indoor theme park in the world" under a glass dome that would be opened during winter, it said in a statement.

The seven-kilometre (4.35 mile)-long promenades connecting the facilities would also be covered and air-conditioned during summer, it added."Our ambitions are higher than having seasonal tourism. Tourism is key driver of our economy and we aim to make the 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."The statement issued late on Saturday did not say when construction would begin, nor did it reveal the cost of the project.Dubai hopes the "Mall of the World" can attract more than 180 million visitors each year.The emirate is known for its numerous malls and many hotels, including the Dubai Mall, touted as the world's largest shopping, leisure and entertainment destination. It is also home to the world's tallest tower, Burj Khalifa.

Dubai has established itself as a global hub for air transport and transit trade, as well as a regional financial centre.And it beat off opposition from Brazil, Russia and Turkey in November to win the right to host the World Expo trade fair in 2020.The emirate's economy was hit in 2009 by the global financial crisis, but it has since made a strong comeback, thanks to growth in the trade, transport and tourism sectors.

 


AFP




  MENA News Headlines
 May 24 2015 - RAK Properties grants contract for USD2.72b Mina Al ArabMENAFN
(MENAFN) Abu Dhabi-based RAK Properties said that it has granted a construction contract to begin implementing phase 1 of its lifestyle marina at Mina Al Arab, Arabian Business reported.The lifestyle ...

 May 24 2015 - UAE- Al Mansouri expresses satisfaction at findings of report on e-government transitionEmirates News Agency (WAM)
(MENAFN - Emirates News Agency (WAM)) Minister of Economy Sultan bin Saeed Al Mansouri has expressed satisfaction at the results of the final report on transition to m-Government, which showed the ...

 May 24 2015 - UAE- Mohammed bin Rashid, Mohamed bin Zayed attend wedding reception hosted by Al MansouriEmirates News Agency (WAM)
(MENAFN - Emirates News Agency (WAM)) His Highness Sheikh Mohammed bin Rashid Al Maktoum,Vice President and Prime Minister and Ruler of Dubai, and His Highness Sheikh Mohamed bin Zayed Al Nahyan, ...

 May 24 2015 - UAE- Saif bin Zayed honors five ADP staff members with Employment Excellence MedalsEmirates News Agency (WAM)
(MENAFN - Emirates News Agency (WAM)) Lt. General HH Sheikh Saif bin Zayed Al Nahyan, Deputy Prime Minister and Minister of Interior, has granted five Abu Dhabi Police (ADP) staff members the ...

 May 24 2015 - UAE- Dastardly attack that deserves to be condemned: paperEmirates News Agency (WAM)
(MENAFN - Emirates News Agency (WAM)) A UAE paper has said that there are few words that can describe the sick and seditious nature of the suicide bomb attack on a Saudi mosque on Friday. A lone ...

 May 24 2015 - Umm Al Qaiwain Ruler offers condolences to Kuwaiti Emir on the death of Al-KharafiEmirates News Agency (WAM)
(MENAFN - Emirates News Agency (WAM)) H.H. Sheikh Saud bin Rashid Al Mu'alla, Supreme Council Member and Ruler of Umm Al Qaiwain, has sent a cable of condolence to His Highness Sheikh Sabah Al-Ahmad ...

 May 24 2015 - UAE- ADNOC hosts Middle East's largest energy R&D summitEmirates News Agency (WAM)
(MENAFN - Emirates News Agency (WAM)) Abu Dhabi National Oil Company, ADNOC, today welcomed over 1,500 research and industry professionals for the Abu Dhabi International Research and Development ...

 May 24 2015 - UAE- SKSH-RAK discusses CT pattern approach in diffuse lung diseasesEmirates News Agency (WAM)
(MENAFN - Emirates News Agency (WAM)) The Sheikh Khalifa Specialty Hospital in Ras al-Khaimah, SKSH-RAK, is to organise the second Imaging Conference on Monday with the attendance of a number of ...

 May 24 2015 - A celebration marking Africa Day takes place in Abu DhabiQEmirates News Agency (WAM)
(MENAFN - Emirates News Agency (WAM)) A number of diplomats from different African communities have celebrated Africa Day in Abu Dhabi in the presence of many officials from the GCC and the ...

 May 24 2015 - Dubai Duty Free GK Village officially opens at Binotong in the PhilippinesEmirates News Agency (WAM)
(MENAFN - Emirates News Agency (WAM)) Dubai Duty Free, through its Corporate Social Responsibility arm, the Dubai Duty Free Foundation, in partnership with Gawad Kalinga, a Philippine-based poverty ...

more...


 






Google

Internatinal Property Show

 
 

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