We discuss the connection between Weyl2 supergravity and superstrings and further discuss holography between 4-dimensional, mathcal{N} = 4 superconformal Weyl2 supergravity and mathcal{N} = 8, higher spin-four theory on AdS5. The Weyl2 plus Einstein supergravity theory is a special kind of a bimetric gravity theory and consists of a massless graviton multiplet plus an additional massive spin-two supermultiplet. Here, we argue that the additional spin-two field and its superpartners originate from massive excitations in the open string sector; just like the mathcal{N} = 4 super Yang-Mills gauge fields, they are localized on the world volume of D3-branes. The ghost structure of the Weyl action should be considered as an artifact of the truncation of the infinitely many higher derivative terms underlying the massive spin 2 action. In field theory, mathcal{N} = 4 Weyl2 supergravity exhibits superconformal invariance in the limit of vanishing Planck mass. In string theory the additional spin-two fields become massless in the tensionless limit. Therefore low string scale scenarios with large extra dimensions provide (almost) superconformal field theories with almost massless open string spin-two fields. The full mathcal{N} = 4 scalar potential including the Yang-Mills matter multiplets is presented and the supersymmetric vacua of Einstein Supergravity are shown, as expected, to be vacua of massive Weyl supergravity. Other vacua are expected to exist which are not vacua of Einstein supergravity. Finally, we identify certain spin-four operators on the 4-dimensional boundary theory that could be the holographic duals of spin-four fields in the bulk.