Mid-east theme park investment set to top US$62bn by 2012
New trade show launched to address region's growing leisure industry.
Investment in theme parks in the Middle East is set to reach more than US$62 billion by 2012, according to CMPi UAE, organizers of a new attractions trade show.
The construction of over 30 theme parks and entertainment resorts in the region over the next five years will take investment in the entertainment and attractions industry to over US$62 billion, CMPi UAE estimated as it announced the launch of a new trade show to address the burgeoning market.
Theme parks under development in the UAE include Dubailand in Dubai, which housing 24 theme parks is being billed as the Middle East's answer to Disneyworld, and Warner Bros and Ferrari theme parks in Abu Dhabi.
The Middle East Attractions, Amusements, Parks, Leisure and Entertainment International Trade Exhibition (MEAPPLE) show will take place February 2-4 in Abu Dhabi.
"The UAE has shown a vision for global entertainment and multi-faceted theme parks along with their long-range potential for financial gain in an insatiable entertainment and travel market,"? said Paul Grinnall, show director.
"With so much activity under way, there is an abundance of business opportunities and MEAAPLE has been created to enable international and local companies to develop contacts and deliver business in this key growth market,"? Grinnall added.