Attention shoppers: Dubai lays out plans for 'Mall of the World,' aiming to be world's biggest

The shopping-loving city that is home to one of the world's largest shopping malls wants to build one even bigger.

Dubai ruler Sheik Mohammed bin Rashid Al Maktoum has laid out plans for a sprawling real-estate project known as Mall of the World that will include the 8 million square foot (743,224 square meter) mall, a climate-controlled street network, a theme park covered during the scorching summer months and 100 hotels and serviced apartments.

The complex will be built near the Mall of the Emirates, which boasts an indoor ski slope, and a short drive from the world's tallest tower and adjacent Dubai Mall. The Dubai Media Office announced the project on Saturday but gave no details on the cost or the completion date.