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Dubai appears to heart spending their oil money in big ways!
We mentioned on Friday that Madonna is rumored to be getting $25 million to do two concerts there.
And now, a new report calls attention to the billions of dollars Dubai is sinking into American-style theme park projects.
Eight major licensing deals have been struck between oil-rich investors and entertainment giants such as Paramount Pictures and Marvel Entertainment Inc. for theme parks and other attractions.
The first big theme park is set to open in 2010 – a $2.2 billion Universal Studios park based on franchises such as King Kong and Jurassic Park. It will be part of an area dubbed Dubailand on the city’s desert outskirts.
Next after that, a $1 billion Marvel Entertainment Inc. theme park will open in Abu Dhabi by 2011.
Shortly after, Dubai will have its own SeaWorld in 2012.
Disney has been notably absent from the Dubai theme park game – they claim they’re still studying the market.
The entertainment companies who are ‘in’ on the Dubai game realize that there are cultural considerations they must take into account — their plans need to jive with the dominant Muslim culture of the Middle East region.
So, we take it, a Perezland would be out of the question????

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Apr 19, 2008 22:13pm PDT

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