Dubai Holding chief says company needs $6.8b to build new mega-mall | GulfNews.com

Dubai Holding chief says company needs $6.8b to build new mega-mall | GulfNews.com:



"Dubai Holding will need Dh25 billion ($6.8 billion) to build an entertainment district that will include the world’s largest shopping mall, its chief executive said on Tuesday.



His Highness Shaikh Mohammad Bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, announced on Saturday plans to build the “Mall of the World”, encompassing an 8 million square foot mall connected to a theme park, 100 hotels and serviced apartment buildings with 20,000 rooms.



The plans, and other new building projects, have led some analysts to warn that Dubai risks overbuilding again as it did a decade ago."



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