Business | Investment
Universal Studios arm in Dubailand
Dubai and Hollywood-based Universal Studios are to set up a Dh8 billion Universal City Dubailand on a 22 million-square-foot plot in Dubailand.
- Gulf News Report
- Published: 00:00 April 30, 2007
- Image Credit: Tracy Brand/Gulf News
- 8 billion dirham 'Universal City Dubailand' project developed by Tatweerwas unveiled today at the Emirates Towers, Dubai.
Dubai: Dubai and Hollywood-based Universal Studios are to set up a Dh8 billion Universal City Dubailand on a 22 million-square-foot plot in Dubailand - the city's major leisure and entertainment destination.
Hollywood-based Universal Studios will provide technical support to the development while Tatweer, part of Dubai Holding, the Dubai Government's investment arm, will invest a further Dh8 billion.
Dubailand is a cluster of entertainment and theme parks that also include the City of Arabia, Dubai Motor City, Dubai Sports City, Al Barari, Aqua Duniya and Falcon City of Wonders.
This project will take investments in Dubailand to Dh73 billion to date, and will add to the attractions in Dubai - the most popular tourism destination in the Gulf.
More from Investment
More from Business
Business Editor's choice
-
‘Wrong Way' Krugman
The source of our economic malfunction lies with government-mandated bank regulations
-
Greek exit could make Eurozone stronger
Departure will show limits of bailouts and allow remaining members to act much more like a unit
-
UAE upholds values of free trade
Recently released statistics confirm an established fact, namely that of the UAE embracing the free trade principle in general and imports in particular
