The directive from HH Sheikh Mohammed stems from his firm belief in the growth potential of Bawadi and the way it will contribute to Dubai's strategic plan 2015.
The launch of the world's largest shopping area will provide support to the tourism and hospitality industry, which, in return will play a major role in the diversification and development of Dubai's economy, according the Dubai's strategic plan 2015.
The world's largest shopping area, which will offer over 40 million square feet of gross lease-able area (GLA). The shopping area will consist of shopping malls, boutique malls, street shopping and an underground shopping area connecting all Bawadi's elements to become the longest shopping boulevard.
Bawadi will be home to the world's biggest area, including a 10km long hotel and shopping, entertainment, convention centres and residential. The components will be integrated with a number of additional services that will provide support to Bawadi's community.
His Excellency Mohammed Al Gergawi, Executive Chairman of Dubai Holding, said: "Bawadi will provide the largest shopping area in the world, linked to 31 hotels ranging from 3 to 5-star. It will represent a significant platform in the development of tourism in the emirate and will underline Dubai's status as one of the world's premier family destinations.
"This announcement comes in line with the vision of His Highness Sheikh Mohammed to create world-class leisure and tourism destinations like Bawadi in Dubai."
Saeed Al Muntafiq, Executive Chairman of Tatweer, said: "The biggest shopping area in the world will considerably enhance our offering. It will, undoubtedly, accelerate our drive to develop a world-class hospitality and tourism project in Dubai and the region."
Launched in May 2006, Bawadi will add 31 unique hotels to Dubai's hospitality sector over the coming years, offering more than 29,000 rooms. The centrepiece of the development will be Asia Asia, providing 6,500 rooms, shopping mall, entertainment and convention facilities.
"Bawadi already has confirmed commitments from a number of renowned regional and international investors to develop world class unique hotels," Al Muntafiq said. He also confirmed that initial road works on the 10km Al Qudra Road is complete and the remaining infrastructure work is on schedule.
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Bawadi to boast biggest shopping area in the world - over 40 million sq ft
- United Arab Emirates: Saturday, May 05 - 2007 at 16:53
- PRESS RELEASE
His Highness Sheikh Mohammed Bin Rashid Al Maktoum, UAE Vice President and Prime Minister, and Ruler of Dubai, has instructed Bawadi to have the biggest shopping area in the world.
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About BawadiLaunched by His Highness Sheikh Mohammed bin Rashid Al Maktoum, UAE Vice President and Prime Minister and Ruler of Dubai, in May 2006, Bawadi is the world's largest hospitality and leisure development, including the world's largest shopping experience. The AED 100 billion project will feature 31 hotels, including Asia Asia - with 6,500 rooms. In total the City of Bawadi will offer more than 29,000 rooms.
About Tatweer:
Launched in December 2005 Tatweer is one the region's most promising enterprises and a Member of Dubai Holding. It owns nine market-leading companies and managing an ambitious business development plan.
Its current portfolio is divided into Energy & Healthcare, Tourism & Entertainment, Industry & Knowledge. Its entities are Dubai Healthcare City, the region's hub for world-class quality healthcare services; Mizin, one of the most advanced real estate companies in the region; "The Tiger Woods - Dubai" an exclusive golf community that will include a Tiger Woods designed Golf Course; Dubailand, one of the biggest leisure, entertainment and tourism destinations in the Middle East region; Dubai Industrial City, an industrial township to develop Dubai as a leading manufacturing hub; Bawadi, the world's leading hospitality and entertainment project bringing 31 hotels and more than 29,000 hotel rooms; Dubai Energy, investing in regional and global energy opportunities and building a diversified investment portfolio; Dubai Mercantile Exchange, the first commodity futures exchange in the Middle East; Global Village, which brings together 160 different countries showcasing myriad cultures; and Moutamarat, the first Arab initiative organizing research-based conferences and exhibitions.
A Member of Dubai Holding, Tatweer and its entities will continue to consolidate a group of life-improving industries. In addition, it has pioneered the market with joint venture initiatives with leading companies such as the New York Mercantile Exchange or the Saudi Research and Publishing Company.
Tatweer will continuously strive for world-class performance implementing leadership development to drive and sustain business excellence, quality and high performance.
For Further Information:
Agency:
Tarek Sakik - Senior Account Manager
Jiwin the Public Relations Arm
Of Dubai Press Club
Phone: +971-4-3613593
Posted by Lara Lynn Golden, News EditorSaturday, May 05 - 2007 at 16:53 UAE local time (GMT+4)
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This article was updated on Sun May 13 2007.
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