April 24th, 2016 by Own A Space
The Abu Dhabi developer government-owned company Miral Asset Management had announced its plans to open Warner Bros theme park in 2018 on Yas Island, the new indoor theme park costing US$1 billion to build and would be completely owned by Miral Asset Management.
Last year, the construction work has been started on Warner Bros-themed hotel and the theme park, in the centre of Yas Island, after Miral signed the construction contract in May with Belgian contractor Six Construct.
Picture Courtesy: www.yasisland.ae
As per Miral, all of the construction contracts had been awarded and construction work is more than 30 percent complete.
There has been news that upon completion, the new park would create more than 1,000 fresh jobs in Abu Dhabi and would also increase number of visitors to Yas Island to 30 million in 2018 as compared 25 million last year.
It’s not yet confirmed as how many rides will be included in the new park, but as per previous reports the number at 19. It’s also not sure to say how big the park would be.
Picture Courtesy: cdn.playbuzz.com
The new park will be near to Ferrari World theme park, developed by Aldar and opened in 2010. It was sold less than three months later to the Abu Dhabi government for Dh10.9 billion and is currently operated by Miral.
Miral, a limited liability company endorsed by the Abu Dhabi government owns other key assets as well developed by Aldar including the 227-berth Yas Marina, Yas Waterworld and the Cipriani restaurant.
Plans to construct Warner Bros theme park have been around the news since 2007, when the American media company signed a first deal with Aldar, Abu Dhabi’s largest listed developer.
But the plans were ruined by the global financial crisis, during that period Aldar sold many of its assets to the Abu Dhabi government.
Picture Courtesy: visitabudhabi.ae
As per Miral, Aldar would have no role in the creation process of the new Warner Bros Park. It would be completely owned by Miral that has bought the right to use Warner Bros brand intellectual property for the park.
Mohamed Khalifa Al Mubarak, Miral’s chairman is also chief executive of Aldar Properties while Mohamed Al Zaabi, the company’s chief executive has been a board member at Aldar Academies from September 2013.
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