08 September 2015 Morgan Parker to lead Mall of the World, the upcoming large-scale, mixed-use district situated in the centre of Dubai
Dubai - Dubai Holding has announced today the appointment of Morgan Parker as Chief Operating Officer of Mall of the World,a unique concept of an all-season city district offering wide range of pedestrian, leisure, retail, cultural, residential, wellness, commercial and hospitality options. Additionally, an international team of best-in-class urban designers, transport planners and expert specialists has been assembled.
Morgan joins 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.Morgan's versatility and wealth of experience has led him to hold a number of industry board positions since 2005. At Dubai Holding, Morgan will oversee progress of the latest major project - Mall of the World - which is expected to add significantly to the emirate's tourism, retail and hospitality portfolio.
The world-class development teamis evolving Mall of the World's master plan to focus on integrating the most responsible urban planning with mixed-use development allowing for a year-round pedestrian experience unique to the region. With an integrated layout of malls, street markets, department stores, rows of high street shops, entertainment venues, hotels, offices and residencescoupled with a highly connected public transport network, the project aims to transform Dubai's urban landscape.
Ahmad Bin Byat, Vice Chairman and Managing Director of Dubai Holding, said: "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. Given the scale and strategic importance of Mall of the World, I am pleased to appoint Morgan Parker to directly manage the project. His expertise in delivering projects of scale and complexity is acknowledged across international real estate markets."
Commenting on his new role, Morgan Parker, Chief Operating Officer, Mall of the World, said: "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.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."
About Dubai Holding
Dubai Holding is a global investment conglomerate with operations in 24 countries employing over 22,000 people. Dubai Holding manages a AED 130bn portfolio of assets, which supports the strong development of Dubai's non-oil economy across sectors including; tourism, hospitality, media, real estate, ICT, education and financial services. Its portfolio includes TECOM Group, which manages11 of Dubai's most successful business parks Jumeirah Group, the hospitality arm which owns and operates 22 hotel developments in 11 destinations in 10 countries; Dubai Properties Group, a major contributor to the development of Dubai's skyline with 54 skyscrapers; and Emirates International Telecommunications which holds a major stake in 'du', the fast growing mobile operator.
Dubai Holding has seen a strong growth across all its commercial operations in 2014. In 2014, Dubai Holding announced that it will develop Mall of the World; the largest temperature-controlled pedestrian city, offering exciting retail concepts, state-of-the-art wellness facilities, cultural attractions as well as leading hotels and leisure destinations.