Business | Construction
UAE theme parks to dazzle the world with projected $62 billion in total investments
The UAE with its dramatic pace of development is all set to dazzle the world with over 30 multi-faceted entertainment resorts and theme parks being built until 2012 with a projected total investment of Dh228 billion ($62 billion) according to CMPi UAE organizers of Middle East Attractions, Amusements, Parks, Leisure and Entertainment International Trade Exhibition (MEAAPLE).
- Staff Report
- Published: 14:51 August 18, 2008
Dubai: The UAE with its dramatic pace of development is all set to dazzle the world with over 30 multi-faceted entertainment resorts and theme parks being built until 2012 with a projected total investment of Dh228 billion ($62 billion) according to CMPi UAE organizers of Middle East Attractions, Amusements, Parks, Leisure and Entertainment International Trade Exhibition (MEAAPLE).
Prominent theme parks currently under development in Abu Dhabi and Dubai include Warner Bros and Ferrari theme parks in the capital and Dubailand, a multi-billion dollar enclave of 24 theme parks, four and a half times the size of Manhattan, which will be the Middle East's answer to Disneyworld. There will be Universal Studios' Universal City and a Marvel Entertainment theme park among others.
"The UAE has shown a vision for global entertainment and multi-faceted theme parks along with their long-range potential for financial gain in an insatiable entertainment and travel market," said Paul Grinnall, Show Director.
"With so much activity under way, there is an abundance of business opportunities and MEAAPLE has been created to enable international and local companies to develop contacts and deliver business in this key growth market," Grinnall added.
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