DCT Abu Dhabi, Miral to boost Yas Island's events portfolio
Miral is developing the 18,000-seater Yas Bay Arena with the project having hit a construction milestone in March 2019
The Department of Culture and Tourism Abu Dhabi (DCT Abu Dhabi) has collaborated with the emirate’s real estate developer, Miral, to boost the events portfolio at Yas Island — home to Yas Water World, Ferrari World and Warners Bros. World Abu Dhabi — as it looks to add $23.4m (AED86m) into the country’s economy over the next two years.
According to DCT Abu Dhabi, the partnership — which comes in line with Abu Dhabi’s Development Accelerator Programme 'Ghadan 21' launched in 2018 by HH Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces — will also result in increasing hotel bookings by 17,000 in the emirate.
DCT Abu Dhabi under-secretary Saif Saeed Ghobash said in a statement: "Through this new partnership with Miral, the leisure and entertainment proposition on Yas Island will be enhanced yet further, bringing even more high profile, world-class events to the destination which will translate into greater numbers of overseas visitors to the emirate."
DCT Abu Dhabi has allotted $163.4m (AED600m) to a 'megaevents' fund to develop entertainment and business activities and festivals in the emirate.
According to the chief executive officer (CEO) of Miral, Mohamed Abdalla Al Zaabi, the partnership will help in “growing Abu Dhabi’s leisure and entertainment space”, UAE-based news agency Wam reported.
Work on Miral's 18,000-seater Yas Bay Arena is progressing well, with the project having hit a construction milestone in March 2019 as its longest roof truss, autographed by chairman, HE Mohamed Khalifa Al Mubarak, and CEO were lifted into place.