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FINANCIAL NEWS
UAE’s new theme park’s expenditure hits USD1.5b
12 Feb 2016
(MENAFN) Set to open its doors this Oct. the all new Dubai Parks and Resorts along with its land has had its overall project expenditure hit USD1.5 billion at the end of last year as opposed to much less USD707 million a year ago.
In accordance, top analysts acknowledge the fact that as the fourth most visited city in the world, Dubai Parks and Resorts is set to benefit from Dubai’s increasing popularity as both a place of residence and a holiday destination.
Furthermore, there are 13,500 workers on site representing 41 contractors signifying the magnitude of this scheme, plus the developer is forecasting a total income of nearly USD653.2 million from the first full year of operations.
“The pace of building along with the many partnerships with globally recognized brands represent our ambition to deliver the region’s first integrated theme park destination to UAE residents and visitors,” stated the developer.
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