UAE builder completes $850m shopping mall

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The UAE based Royal Star International has confirmed news of the completion of an $850 million shopping mall in Iran. This will be the worlds biggest mall in terms of the number of shops in one complex. The mall located in Shiraz will have 2,500 shops for lease.

The Fars Shopping Complex will the worlds fourth biggest mall in terms of total area with 420,000 sq m of retail space on 150, 0000 sq m plot of land in Sadra, Shiraz.

Hamzah Abu Zannad, director of operations, Royal Star, said: “Royal Star is thrilled with the launch of this world class project. Not only will this mall be the world’s largest in terms of retail space but will also put Shiraz in the spotlight as one of the emerging destinations in the Middle East region.”

The mall is due to open in September 2011.

Sources: Arabian Business; Stokopedia.

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