Foundation stone laid for $270mn Silicon Mall
His Highness Sheikh Ahmed bin Saeed Al Maktoum, Chairman of Dubai Silicon Oasis Authority (DSOA), on Wednesday unveiled the commemorative plaque and laid the foundation stone for Silicon Mall.
Designed by London-based Design International, the 2.3 million square feet shopping mall by the LuLu Group will have a total investment of around AED 1bn. A main contractor is likely to be appointed for the project in the coming weeks.
The ceremony was attended by Dr Mohammed Alzarooni, Vice Chairman and Chief Executive Officer of DSOA, Yusuff Ali MA, Chairman and Managing Director of LuLu Group International as well as senior management from DSOA, and the Lulu Group.
Speaking at the event, Dr Mohammed Alzarooni said: We are proud to announce that LuLu Group has chosen to locate its upcoming mega mall within the premises of this hi-tech park. Construction of the mall – which is currently underway – will be completed by 2020, an important year when the nation expects to welcome approximately 25 million visitors hoping to enjoy the Dubai Expo 2020 and other unique national experiences and sights.
Speaking to media at the ceremony, Yusuffali MA, said: Silicon Mall is our most ambitious project in the UAE to date, and we intend to make it the most interesting and exciting mall in Dubai. Work on the project will be completed in a period of 30 months, just in time for the launch of Dubai EXPO 2020.
Leveraging best-in-class international standards and green building concepts, the Silicon Mall at Dubai Silicon Oasis will feature a futuristic façade that is set to serve as its unique value proposition. It will comprise sky-lit corridors for natural light harvesting on all floors. The mall will offer covered parking for up to 3,000 cars across two levels.
In addition to more than 300 international and local branded stores, and 12 anchor stores, the new shopping mall will also house the LuLu Hypermarket and Department Store on two levels. Other key attractions include the biggest Family Entertainment Center spread across 70,000 sq. ft. and more than 50 F&B outlets and diverse entertainment and leisure offerings.