Meraas Holding commences construction on Phoenix Mall in 2011

30 September 2011: Dubai-based real estate firm Meraas Holding will begin construction this year on the Phoenix project, including the Phoenix Mart mall, after agreeing a Dh2 billion investment with Chinese investment company China Longines.

Dubai A massive new development covering eight million sq ft on the outskirts of Dubai will help bring more foreign direct investment into the UAE.

The development, which is being built next to Dragon Mart, is scheduled for completion by 2013.

Source: Zawya