Lulu Group International has announced its next big project, Silicon Mall, a 2.3mn sq ft shopping mall in Dubai Silicon Oasis.
The mall will reportedly be a green building concept with skylight corridors for day light harvesting, a company statement 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," said Yusuffali MA, chairman and managing director of Lulu Group International.
The total investment on this new project is expected to be around AED1 billion ($270 million).
Sheikh Ahmed bin Saeed Al Maktoum, chairman of Dubai Silicon Oasis Authority (DSOA), the regulatory body for Dubai Silicon Oasis, unveiled the commemorative plaque and laid the foundation stone for the mall on Wednesday..
Dr Mohammed Alzarooni, vice chairman and CEO of DSOA, 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."
The construction of the mall is expected to be completed before expo 2020.
The mall, which will offer covered parking for up to 3,000 cars across two levels, will feature more than 300 stores, and 12 anchor stores. Other key attractions include a family entertainment centre of 70,000sq ft, a 12-screen cinema, more than 50 F&B outlets, and a Lulu hypermarket of 200,000sq ft.