Quotes: US MENA   Enter Symbol: NewsLetter: Search: advanced

Dubai ruler unveils huge tourism and retail plans  Join our daily free Newsletter

MENAFN - 25/11/2012

No. of Ratings : 0
Add to Mixx!


 


(MENAFN) The Dubai government has unveiled plans for a major tourism and retail development including the largest shopping mall in the world, Reuters reported.

The development, named "Mohammed Bin Rashid City", will be located on the outskirts of Dubai's current downtown area.

It will comprise a park 30 percent bigger than Hyde Park in London, said UAE Prime Minister and ruler of Dubai Sheikh Mohammed bin Rashid al-Maktoum.

Sheikh Mohammed added that the "Mall of the World" will be built to host 80 million visitors annually and will include over 100 hotel facilities.

A family entertainment centre linked to the mall, developed with Hollywood's Universal Studios, a unit of Comcast Corp (CMCSA), would be designed for 6 million visitors each year.

The development would also include a district of art galleries and an area where entrepreneurs could develop businesses.

Sheikh Mohammed did not say how much the development would cost or when it would be finished, but his description indicated investment would total many billions of dollars.

It would be built by Dubai Holding, a conglomerate owned by him, and Dubai's leading real estate firm Emaar Properties.

 






  MENA News Headlines


 
Click to Apply






Google

 
 

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
Marketwatch News
UPI News
Comtex News

IPO News
Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

US Markets Details

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
Investment Game
Economic Calendar
Financial Glossary

My MENAFN
Portfolio Tracker

Voting

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


 
© 2000 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help