Tuesday, May 27, 2008

Region's investment in theme parks exceeds Dh.11 trillion

The region's leisure and tourism sector is likely to receive a major boost with the planned investment of Dh.11 trillion on theme parks and other leisure and tourism projects in the Middle East, over the next twenty years.

Theme parks in Dubailand
The forthcoming attractions in the region include the Restless Planet and Universal Studios in Dubailand, Entertainment City in Qatar, Ferrari World in Abu Dhabi, Aquaventure Waterpark at Atlantis in Dubai, Warner Bros theme park at Abu Dhabi, Marvel Entertainment Theme Park in dubai, Paramount Pictures-branded theme park in Dubai and the WOW RAK theme park comples in Ras Al Khaimah.

As per the region's current estimates, the entertainment and leisure sector is witnessing an annual growth of 20 to 25 percent, touching Dh.36billion.

Dubailand, the Dh.235bn tourism and entertainment project is being built in the emirate, announced that it would be located at new Dream Works Animation theme park, through a strategic alliance with the US studio. Comprising a collection of 24 theme parks, Dubailand will be the biggest leisure attractions in the world.

The construction of theme parks will happen in phases. The preliminary design work and site planning is underway and the first phase is likely to open by 2012.

The massive investment on theme parks is expected to increase demand for gardening equipment and products and services of landscape design companies and landscape artists too are likely to increase considerably over the next couple of years in the region.

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