Dubai Holding has decided to relocate Mall of the World to a site on Sheikh Mohammad bin Zayed Road.
The shift will allow the mega project, due to be the worlds largest mall, to realise its full tourism potential, the company said in a statement.
Ahmad Bin Byat, Vice Chairman and Managing Director of Dubai Holding, said: Tourism remains a major part of Dubais diversification strategy and Mall of the World will be a critical part of that vision.
Dubai Holding is committed to developing Mall of the World, a major retail and leisure destination in the region, and believes that the new location on Sheikh Mohammad bin Zayed Road, will be an outstanding home for the project, as it will allow Dubai Holding to further expand as needed in the future according to market needs.
Mall of the World will now undergo extensive planning to become a major retail and leisure destination, the statement said without putting a timeline on the projects completion.
The project was initially earmarked for Mohammed Bin Rashid City when it was first announced in 2012 but shifted to another site alongside Sheikh Zayed Road two years later.