Dubai theme park on track for Oct open­ing

The Pak Banker - - BUSINESS -

Ad­ven­ture lovers, brace for some thrill rides this Oc­to­ber. The Dubai Parks and Re­sorts has an­nounced that the fa­cil­ity in Jebel Ali is on track to open this year. Con­struc­tion is pro­gress­ing well, say the pro­mot­ers. All the de­sign work is now com­plete, 88 per cent of over­all fa­cil­i­ties struc­ture works and 70 per cent of over­all in­fra­struc­ture are also com­plete.

Lease pro­pos­als have been signed for over 50 per cent of the space in the theme parks while close to two-thirds of avail­able units have been leased at River­land Dubai. Some of the names are The Ir­ish Vil­lage, Star­bucks and Taste of Italy and new con­cepts such as the Euro­pean din­ing con­cept Parle and UK orig­i­nated fam­ily din­ing venue Gi­raffe.

"Dur­ing 2015, we con­tin­ued our drive to­wards open­ing Dubai Parks and Re­sorts to the pub­lic in Oc­to­ber this year. The pace of con­struc­tion, com­bined with the part­ner­ships with glob­ally recog­nised brands and the growth of the team rep­re­sent our am­bi­tion to de­liver the re­gion's first in­te­grated theme park desti- na­tion to UAE res­i­dents and vis­i­tors," says Raed Ka­joor Al Nuaimi, CEO, Dubai Parks and Re­sorts.

Dubai Parks and Re­sorts will in­clude three theme parks, one wa­ter park, a ho­tel and a retail din­ing district, span­ning 25 mil­lion square feet of land.

Dubai is count­ing on its en­ter­tain­ment and theme parks sec­tor to help it main­tain its growth in tourist ar­rivals, which it plans to nearly dou­ble to 20 mil­lion by 2020. The park hit a key mile­stone in Oc­to­ber when the first ride was in­stalled - Legoland Dubai's Dragon Coaster. "We have com­pleted 89 per cent of the ride sys­tem pro­duc­tion, with 16 com­plete rides de­liv­ered," the CEO in­forms.

There are 13,500 work­ers on site and 41 con­trac­tors work­ing to meet the dead­line. Work is ono­ing to build ac­cess roads and multi-lane bridges over Sheikh Zayed Road that will lead into the re­sort. Trans­porta­tion within Dubai Parks and Re­sorts will be de­liv­ered by tram sys­tems. In 2015, the park an­nounced part­ner­ships with Lion­s­gate to bring The Hunger Games and Step Up at­trac­tions to mo­tion­gate Dubai; Wizcraft In­ter­na­tional to bring Dubai's first Broad­way style Bol­ly­wood show to Bol­ly­wood Parks Dubai; Pic­solve In­ter­na­tional to de­velop and de­liver park-based photo in­te­gra­tions; and eti­salat to pro­vide 'Smart Park' tech­nol­ogy. It also signed an MoU with dnata and part­nered with Emi­rates air­line.

Dubai Parks and Re­sorts has also part­nered with spe­cialised theme park ser­vice ven­dors, in­clud­ing HB Leisure, to pro­vide over 45 skill games across the theme parks. "As we en­ter 2016, we are now firmly fo­cused on achiev­ing monthly mile­stones to en­sure we open the desti­na­tion in nine months' time," says Al Nuaimi. The size of the Dubai Parks and Re­sorts' team has in­creased to over 260. They are do­ing a global au­di­tion tour across Mena, the UK and Aus­tralia in search of 400 per­form­ers.

Pro­jected rev­enue in the first full year of op­er­a­tion is es­ti­mated at Dh2.4 bil­lion with over 5,000 jobs fore­cast to be gen­er­ated. To­tal as­sets stood at Dh8.6 bil­lion at the end of 2015. The cu­mu­la­tive pro­ject ex­pen­di­ture, in­clud­ing ac­quired land, amounted to Dh5.8 bil­lion, an in­crease from Dh2.6 bil­lion at the end of 2014.

Newspapers in English

Newspapers from Pakistan

© PressReader. All rights reserved.