Dubai building world’s biggest shopping mall [Photos, Video]

The city of Dubai is in the business of setting the pace, and they are now set to build the the largest shopping mall in the world. One unique feature of this coming masterpiece is that it comes complete with climate-controlled streets, 100 hotel apartments, and the largest indoor theme park.

[AP] Dubai ruler Sheik Mohammed bin Rashid Al Maktoum has laid out plans for a sprawling real-estate project known as Mall of the World that will include an eight-million square foot (743,224 square metre) mall, a climate-controlled street network, a theme park covered during the scorching summer months and 100 hotels and serviced apartments.

Other attractions planned for the site include a cultural and theatre district drawing inspiration from New York's Broadway, shopping thoroughfares based on London's Oxford Street and a "wellness district" meant to attract medical tourists.

"The growth in family and retail tourism underpins the need to enhance Dubai's tourism infrastructure as soon as possible," Sheik Mohammed said in a statement announcing the project last Saturday.

"This project complements our plans to transform Dubai into a cultural, tourist and economic hub for the two billion people living in the region around us — and we are determined to achieve our vision."

Dubai Holding, a conglomerate controlled by the emirate's ruler, is developing the complex. It gave no details on the cost or the completion date.

The complex will be built near the Mall of the Emirates, which boasts an indoor ski slope, and a short drive from the Burj Khalifa, the world's tallest tower, and the adjacent Dubai Mall. That shopping centre is currently the emirate's largest and has attractions including a dinosaur skeleton, an indoor ice skating rink and a multi-story aquarium.

Dubai has long used high-profile, big-ticket real estate projects to drive economic growth and establish itself as an international tourist destination.

Dubai is racing to develop additional infrastructure needed to accommodate a surge in visitors expected when it becomes the first Middle Eastern city to host the World Expo in 2020. Authorities expect the expo to generate US$23 billion between 2015 and 2021, and estimate it will cost US$8.4 billion to organise.

The new mall project alone is expected to create an additional 20,000 hotel rooms.