Region's investment in theme parks exceeds Dh.11 trillion
Tuesday, May 27, 2008
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.
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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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.
Labels: Middle-East, Theme-Parks, Tourism
The Crown unveiled at Palm Jebel Ali to promote family tourism
Saturday, May 10, 2008
Dubai's leading property developer, Nakheel, together with Busch Entertainment Corporation, is planning a 380-acre development across the Palm Jebel Ali, called The Crown, targeting the families and conservation.
The Crown will include resorts, hotels, and four theme parks namely the Busch Gardens, Aquatica, Seaworld and the overy Cove. Construction of The Crown is expected to begin by the end of the year. It will be linked to the Palm Jebel Ali's main crescent through a tunnel on the western side and through a bridge on the eastern side.
The Corporate Vice President and Chief Marketing Officer of Busch, Joseph A Couceiro said "It makes a statement even for Dubai."
The Palm Jebel Ali has a unique marine life with 504 water-homes, which is the biggest number of water-homes in the world. Shaikh Mohammed's Floating proverb too, is likely to begin construction by the end of this year, he added.
Busch Gardens will mainly house African animals which can thrive in Dubai temperatures and the Seaworld and overy Cove will include dolphins and other marine life.
The Crown will be open for visitors by the year 2012, and will be mainly family-oriented, as Nakheel and Dubai intend to promote family tourism.
The project is still in the planning stages, but Couceiro revealed that they expect several million people in the parks every year.
The Palm Jebel Ali development, including The Crown, is likely to house 57 hotels and 23,000 rooms on the whole, out of which The Crown will contribute 3000 to 4000 rooms.
The Crown will include resorts, hotels, and four theme parks namely the Busch Gardens, Aquatica, Seaworld and the overy Cove. Construction of The Crown is expected to begin by the end of the year. It will be linked to the Palm Jebel Ali's main crescent through a tunnel on the western side and through a bridge on the eastern side.
The Corporate Vice President and Chief Marketing Officer of Busch, Joseph A Couceiro said "It makes a statement even for Dubai."
The Palm Jebel Ali has a unique marine life with 504 water-homes, which is the biggest number of water-homes in the world. Shaikh Mohammed's Floating proverb too, is likely to begin construction by the end of this year, he added.
Busch Gardens will mainly house African animals which can thrive in Dubai temperatures and the Seaworld and overy Cove will include dolphins and other marine life.
The Crown will be open for visitors by the year 2012, and will be mainly family-oriented, as Nakheel and Dubai intend to promote family tourism.
The project is still in the planning stages, but Couceiro revealed that they expect several million people in the parks every year.
The Palm Jebel Ali development, including The Crown, is likely to house 57 hotels and 23,000 rooms on the whole, out of which The Crown will contribute 3000 to 4000 rooms.
Labels: Nakheel, Palm-Jebel-Ali, Resorts, Theme-Parks, Tourism
Nakheel reveals development of Worlds of Discovery on The Palm
Saturday, March 01, 2008
Nakheel has revealed details about its deal with the Busch Entertainment Corportation (BEC), the family entertainment division of Anheuser-Busch Company at the US, to develop four theme parks, named Worlds of Discovery.
The theme parks will include Aquatica, SeaWorld, Discovery Cove and Busch Gardens.
The President and COO of BEC, Jim Atchison, announced the deal with the CEO of Nakheel, Chris O'Donnell and the Managing Director of 'The Palm Jebel Ali', Marwan Al Qamzi at the SeaWorld Orlando yesterday.
Both BEC and Nakheel entered into an agreement this month, for the construction of four theme parks on the second island of the three palm-shaped Islands by Nakheel. BEC, which is based in Orlando, operates ten 'Worlds of Discovery' parks throughout the US.
The 'Worlds of Discovery' in Dubai, will be built on a section of 'The Palm Jebel Ali' known as 'The Crown'. The first phase of 'Worlds of Discovery' will be unveiled during 2012. Apart from the four theme parks, the project will comprise other family tourist attractions such as spas, hotels, resorts, restaurants and shops.
"Dubai has fast become a leading tourist destination in the world, and a major part of the strategy has been attracting world-class entertainment brands to the emirate. We have already entered into partnerships with major brands such as Atlantis, Cirque du Soleil and the Trump. Our partnership with BEC is another example of the growth of Dubai, as a city of global prominence," said O'Donnell.
Al Qamzi said "Worlds of Discovery will turn out to be the attraction of The Palm Jebel Ali, and am already excited about opening the doors to the first visitors during 2012."
Social BookmarkingThe theme parks will include Aquatica, SeaWorld, Discovery Cove and Busch Gardens.
The President and COO of BEC, Jim Atchison, announced the deal with the CEO of Nakheel, Chris O'Donnell and the Managing Director of 'The Palm Jebel Ali', Marwan Al Qamzi at the SeaWorld Orlando yesterday.
Both BEC and Nakheel entered into an agreement this month, for the construction of four theme parks on the second island of the three palm-shaped Islands by Nakheel. BEC, which is based in Orlando, operates ten 'Worlds of Discovery' parks throughout the US.
The 'Worlds of Discovery' in Dubai, will be built on a section of 'The Palm Jebel Ali' known as 'The Crown'. The first phase of 'Worlds of Discovery' will be unveiled during 2012. Apart from the four theme parks, the project will comprise other family tourist attractions such as spas, hotels, resorts, restaurants and shops.
"Dubai has fast become a leading tourist destination in the world, and a major part of the strategy has been attracting world-class entertainment brands to the emirate. We have already entered into partnerships with major brands such as Atlantis, Cirque du Soleil and the Trump. Our partnership with BEC is another example of the growth of Dubai, as a city of global prominence," said O'Donnell.
Al Qamzi said "Worlds of Discovery will turn out to be the attraction of The Palm Jebel Ali, and am already excited about opening the doors to the first visitors during 2012."
Labels: Nakheel, Palm-Jebel-Ali, Theme-Parks
Dubai's Falcon City on its way to create records
Thursday, February 21, 2008
Dubai's Falconcity is on its way to create records, as few of its attractions are bound to be bigger than the original landmarks.
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With the total project value worth Dh.7.5million and being shaped like a Falcon, the project incorporates not only residential units, hotels and theme park, but also imitation of world-famous landmarks, which include Pyramids of Giza, Eiffel Tower, Venice, Hanging Gardens of Babylong, Taj Mahal, and leaning Tower of Pisa.
The Eiffel Tower will be 20 meters taller than that of original in Paris. The largest pyramid will be 40 storeys and 150 meters in height, which is slightly taller than Khufu, the largest of three pyramids in Egypt.
The Chairman of Falconcity, Salem Al Moosa, said "The Great Wall of China will stretch 1.7kms approximately, but, this figure could change based on developments within the theme park. The wall will be higher than a three-storey building, but, on completion, it will be more than quadruple the length of an Olympic running track. The theme park will stretch over an area of 4 million square feet."
Al Moosa says that there will be two museums within the smallest pyramid, which "honour the great civilizations of the world. The Theme park will be one of its kind, and with our own movies and characters, we too can have a great civilization. In March, something, further big could be expected."
Labels: Dubailand, Falcon-city, Theme-Parks
Emaar, Bawadi join hands for Dh.60bn realty development
Tuesday, October 23, 2007
Emaar Properties, together with Bawadi, a member of the subsidiary of Dubai Holding, Tatweer, have announced their joint-venture, worth Dh.60bn, towards development of 70million square feet of land in Bawadi, the largest hospitality and leisure development in the world, at Dubailand.
This realty project is expected to turn out to be a signature development with equal equity participation by both parties. While Bawadi is expected to transfer land rights to the joint venture, Emaar will contribute equivalent portion of cash in the joint venture. The venture is likely to yield its returns by 2009.
The joint venture will be managed by Emaar, through management and technical services agreement. This venture will bring about 15million square feet of family-oriented theme park, lush green parks and lakes with a wide range of attractions matching global standards. It will also include six hotels and 1200 serviced apartments. The project will be located at the heart of Bawadi, and in close proximity to Arabian Ranches, an Emaar flagship project.
The Emaar Properties, Chairman, Mohamed Ali Alabbar, said "As a pioneer of master-planned communities in Dubai, with an accomplished track record of creating world-class developments, Emaar has established credentials in property development. Our partnership with Bawadi will increase our land bank in Dubai by 76%. This transaction is ideal as per the Dubai Strategic Plan, which has been outlined by H.H. Sheikh Mohammed, highlighting the need for Dubai taking leadership position by leveraging its strengths."
The Executive Chairman of Dubai Holding, Mohamed Al Gergawi, mentioned that as per the Strategic Plan by H.H. Sheikh Mohammed, the focal areas of the plan is tourism development, and the abilities of the two companies together, will effectively contribute to this sector.
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This realty project is expected to turn out to be a signature development with equal equity participation by both parties. While Bawadi is expected to transfer land rights to the joint venture, Emaar will contribute equivalent portion of cash in the joint venture. The venture is likely to yield its returns by 2009.
The joint venture will be managed by Emaar, through management and technical services agreement. This venture will bring about 15million square feet of family-oriented theme park, lush green parks and lakes with a wide range of attractions matching global standards. It will also include six hotels and 1200 serviced apartments. The project will be located at the heart of Bawadi, and in close proximity to Arabian Ranches, an Emaar flagship project.
The Emaar Properties, Chairman, Mohamed Ali Alabbar, said "As a pioneer of master-planned communities in Dubai, with an accomplished track record of creating world-class developments, Emaar has established credentials in property development. Our partnership with Bawadi will increase our land bank in Dubai by 76%. This transaction is ideal as per the Dubai Strategic Plan, which has been outlined by H.H. Sheikh Mohammed, highlighting the need for Dubai taking leadership position by leveraging its strengths."
The Executive Chairman of Dubai Holding, Mohamed Al Gergawi, mentioned that as per the Strategic Plan by H.H. Sheikh Mohammed, the focal areas of the plan is tourism development, and the abilities of the two companies together, will effectively contribute to this sector.
Labels: Bawadi, Dubailand, Emmar, Latest News, Real Estate Projects, Theme-Parks
Dubai to invest more towards developing Theme Parks
Thursday, August 09, 2007
Plans are on to invest more than Dh.20billion for making Dubai as one of the top-most location to house the most prestigious theme parks in the world.
The ambitious target of Dubai to attract 15 million tourists by 2010 has captured the attention of even the biggest names in the global entertainment business such as the US film studios Universal and Paramount Pictures.
On completion of the projects in hand, Dubai will be the place for rides and attractions based on hits such as the 'Mission Impossible' and 'Titanic' and the emirate would no longer be only a haven for golden beaches and luxury hotels.
Paramount Pictures recently permitted Ruwaad Holdings, a real estate firm to construct a theme park in its name. It will be a Dh.9.2billion mixed-use development, featuring shopping centers, resorts, and hotels. The location for constructing the theme park is yet to be finalized. This project is expected to face a stiff competition from Universal Studios, which will help in setting up a Dh.8billion Universal City at Dubailand. The 6.5m Sq. Ft. project will be one of the largest theme parks in the world, and is expected to draw more than three million visitors to Dubai by 2010.
In the meanwhile, the Al Ahli Group, based in UAE, has entered into partnership with the American Kids TV network, Nickelodeon, to together develop its Dh.3.67 billion Dubai Amusement Park and create content for its entry into local TV entertainment. The amusement park is expected to be opened by 2011, though its location is yet to be known.
The company signed similar licensing deal with Marvel Entertainment, the owners of Spiderman and Batman comic book hero franchises.
Apart from attracting the big names abroad, Dubai is also creating its own Amusement Park themes.
Social BookmarkingThe ambitious target of Dubai to attract 15 million tourists by 2010 has captured the attention of even the biggest names in the global entertainment business such as the US film studios Universal and Paramount Pictures.
On completion of the projects in hand, Dubai will be the place for rides and attractions based on hits such as the 'Mission Impossible' and 'Titanic' and the emirate would no longer be only a haven for golden beaches and luxury hotels.
Paramount Pictures recently permitted Ruwaad Holdings, a real estate firm to construct a theme park in its name. It will be a Dh.9.2billion mixed-use development, featuring shopping centers, resorts, and hotels. The location for constructing the theme park is yet to be finalized. This project is expected to face a stiff competition from Universal Studios, which will help in setting up a Dh.8billion Universal City at Dubailand. The 6.5m Sq. Ft. project will be one of the largest theme parks in the world, and is expected to draw more than three million visitors to Dubai by 2010.
In the meanwhile, the Al Ahli Group, based in UAE, has entered into partnership with the American Kids TV network, Nickelodeon, to together develop its Dh.3.67 billion Dubai Amusement Park and create content for its entry into local TV entertainment. The amusement park is expected to be opened by 2011, though its location is yet to be known.
The company signed similar licensing deal with Marvel Entertainment, the owners of Spiderman and Batman comic book hero franchises.
Apart from attracting the big names abroad, Dubai is also creating its own Amusement Park themes.
Labels: Dubailand, New Developments, Real Estate Projects, Ruwaad, Theme-Parks
