Sheikh Ahmed bin Saeed Al Maktoum, chairman of Dubai Silicon Oasis Authority (DSOA), today unveiled the commemorative plaque and laid the foundation stone for Silicon Mall – the new 2.3 million sqft shopping mall by the Lulu Group International (Lulu Group) at the hi-tech park. The total investment on this new project is expected to be around $272 million.
Dr Mohammed Alzarooni, vice chairman and CEO of DSOA; Yussufali MA, chairman and managing director of LuLu Group International; senior management from DSOA and the Lulu Group attended the ceremony.
“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,” says Dr Alzarooni.
“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,” adds Yusuffali.
“The UAE is poised for strong economic growth and I am very optimistic about the future, especially for the retail industry. The far-sighted and visionary leadership of this great country has planned many game-changing and innovative initiatives and we are delighted to be a part of this incredible success story,” he continues.
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 a family entertainment centre spread across 70,000 sqft, a diverse mix of entertainment and leisure offerings alongside more than 50 F&B outlets.