A real estate company has announced ambitious plans to open a movie-based theme park in Dubai, with work scheduled to be completed by late 2014.
Meraas, which is based in Dubai, will invest around $600 million in the Dubai Adventure Studios park, which is planned to be the first wave of a three-phase, eight million square-feet development. The company claims that it will license major Hollywood movie properties for use in the park, with construction due to begin in early 2012.
ArabianBusiness.com reports that Dubai Adventure Studios will feature five themed lands, with the plans set to be showcased at the Arabian Travel Market Exhibition from April 30 - May 3, 2012. It will form part of a larger development that will include residential properties.
In common with other Dubai real estate companies, Meraas was forced to scale back a number of projects in the wake of the global financial crisis in 2008. This included plans for an enormous 1,968-feet-tall tower in Jumeirah Garden City, which were dropped completely in 2009.
Plans for other theme parks in Dubai have also stalled in recent years, with the high-profile Dubailand project having all but ground to a halt. Dubailand was originally planned to host a total of seven theme parks, and to cover an area of some 107 square miles. The theme parks were originally due to open between 2010 and 2012, but construction stalled when the global financial crisis hit Dubai in 2008. Several projects appear to have been dropped altogether, with Formula One CEO Bernie Ecclestone stating last year that the half-built F1-X park was "not happening".