kung Foo Panda to Star at Dubai Theme Park

Saturday, February 09, 2008 kung Foo Panda to Star at Dubai Theme Park Dreamworks move into Dubai...

In the latest big deal announced in the Gulf; DreamWorks Animation signed a megabucks strategic alliance with the UAE's real estate company Tatweer to develop a range of tourism and leisure projects in Dubai, the highlight of which is to be an enormous theme park, developed around Dreamworks' movie stars, Shrek, Chicken Little , the creatures from Madagascar and the soon-to-be-released "Kung Foo Panda." The DreamWorks/Tatweer deal is only one of a string of similar moves coming out of the Midde East as it enjoys the benefits of high oil prices, a construction boom and expanding economies. Other notable moves have seen Viacom subsidiary Paramount sign a licensing deal worth $2.5 billion with Ruwaad Holdings to turn Paramount properties such as "Mission: Impossible" and "The Godfather" into Dubai-based parks and rides. Universal is also embarking on a $2 billion project (again with Tatweer) to build " Universal City Dubailand," which will include hotels, restaurants, retail outlets and of course a massive -150 acre- Universal theme park. Marvel and Nickelodeon are also involded in the creation and/ or enhancement of further U.A.E. theme parks.
Posted By Charles Read -- At 8:47 AM \| Comments (0) \| Trackbacks (0)
Categories Amusements Parks, Attractions Business, The Middle East Tags Dreamworks, Dubai, marvel, Nickelodeon, Paramount, Ruwaad, Tatweer, Universal
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