Miral Asset Management, Abu Dhabi developer, has revealed that they propose to kick off a Warner Bros theme park on Yas Island in 2018.
The government-owned firm stated that the modern theme park value will be US$1 billion to construct and Warner Bros and Miral will be the owner.
Construction work on the 19-ride theme park and a themed hotel has begun last summer and situated in the heart of Yas Island.
Miral also mentioned that all of the construction deals had been awarded and work was above 30% complete.
It was also reported that the new park would generate over 1,000 extra employments in Abu Dhabi which would enhance visitor statistics to Yas Island from 25 million at the moment to approximately 30 million in 2018.
On the other hand, Miral refused to divulge how big the park and how many rides would be comprised in the new park but previous reports have put the number at 19. This will be situated near to Ferrari World theme park which was developed by Aldar and opened in 2010.
Plans to build a Warner Bros theme park have been around since 2007 when the American film company first signed a contract with Abu Dhabi’s biggest listed developer, Aldar, and The National publisher Abu Dhabi Media Company in 2007.
At the time the joint venture, which was 50% acquired by Warner Bros and 50% owned by Aldar and ADMC, intended that alongside the theme park it would also fund films and make video games. Meanwhile, Miral stated that ADMC and Aldar would have no responsibility in the formation of the new Warner Bros park.
Warner Bros World Abu Dhabi fits well with the existing Yas Island attractions and assets but it also underscores the possible of Yas Island as the primary destination and of course to generate new investment possibilities.
Campaigns to further the tourist numbers in the UAE by constructing a progression of Florida-style theme parks has accelerated in current months. The news arrived as Dubai Parks & Resorts, the proprietor of the three linked Legoland, Motiongate and Bollywood Parks theme parks on the Abu Dhabi–Dubai highway, stated that its board had approved a Dh1.678 billion rights issue to finance a proposed Six Flags theme park on the border of Dubai.
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