Dubai Holding has appointed Morgan Parker as the chief operating officer (COO) of Mall of the World – an eight million sqft mall connected to a theme park, 100 hotels and serviced apartment buildings with 20,000 rooms. Parker will oversee progress of the Mall of the World project, which is expected to add significantly to the emirate’s tourism, retail and hospitality portfolio.
“I am pleased to appoint Parker to directly manage the Mall of the World project. His expertise in delivering projects of scale and complexity is acknowledged across international real estate markets,” says Ahmad Bin Byat, vice chairman and managing director of Dubai Holding. “And what we are creating is essentially a seamlessly integrated core of the city, the model for which is being carefully designed to serve the emirate’s economic agenda and strengthen Dubai’s global positioning in tourism and unique urban living.”
“Dubai has an unrivalled potential to grow its international appeal and Mall of the World has been envisioned to create a permeable, flexible urban fabric that allows infinite possibility to rise into the future,” Parker observes. “I am pleased to take charge of a project that has captured the imagination of people in Dubai and beyond, and I am confident that my expertise from Asia-Pacific will bring a fresh perspective to the project.”
Parker joins the Dubai Holding from the Rockefeller family-owned global private equity firm – Rose Rock – where he served as CEO. His experience as a senior executive at Morgan Stanley, TaubmanCenters and Lend Lease spans two decades as developer, investor and banker in all Asia-Pacific markets, completing 65 projects in nine countries.
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