Dubai (IINA) – Dubai developer Meydan announced the launch of a new giant project known as “Meydan One” featuring a 711m-high tower, a huge new mall, the world’s largest indoor ski slope, the biggest dancing fountains in the world and a retractable roof.

In a statement, obtained by Al Arabiya News, the company announced plans to build the new 3,671,000 square meter leisure, residential and hospitality destination. Sheikh Mohammed bin Rashid Al Maktoum, Ruler of Dubai, on Monday launched the project run by Meydan City Corporation development, which will become home to more than 78,300 residents and feature the 711 meter tall Dubai One tower, the Meydan One Mall, a civic plaza with dancing water features, a 4km canal and a 100 berth marina.

The first phase is scheduled for completion before 2020, when Dubai’s population is forecast to hit 3.4 million, according to the statement, which added “the project is set to include a 300m long beach…will offer visitors swimming, paddle boats, sea kayaking, beach volleyball and night time light displays.”