Complex Made Simple

Dubai needs Dhs25bn to build Mall of the World

Ahmad bin Byat, the chief executive of Dubai Holding has said it will need Dhs25bn ($6.8bn) to build an entertainment district that will include the world’s largest shopping mall, Reuters has reported. The ruler of Dubai, Sheikh Mohammed bin Rashid al-Maktoum announced on Saturday plans to build the “Mall of the World,” encompassing an eight million square feet mall connected to a theme park, 100 hotels and serviced apartment buildings with 20,000 rooms. The whole project will be built over 10 years and the funds will be raised gradually over that period, Byat said.