Sunday, Jan 20, 2008
DUBAI (AFP)--DreamWorks SKG, the U.S. studio behind the hit box-office animated movie "Shrek," is to build a theme park in the booming Gulf emirate of Dubai, the Khaleej Times newspaper reported Sunday.
The studio has signed an agreement with Tatweer, a subsidiary of state-owned investment firm Dubai Holding, to develop the project which includes restaurants, hotels and retail outlets, the English-language daily said.
The Western-oriented emirate of Dubai, one of seven that make up the United Arab Emirates, is a leisure hub in the oil-rich Gulf and draws millions of visitors every year.
Under a deal concluded last September, Time Warner Inc. (TWX) unit Warner Brothers will also set up a theme park in the UAE capital, Abu Dhabi.
A hotel, several multiplex cinemas and a joint film and computer game development fund will also be created as part of the deal between Warner Brothers, the Abu Dhabi Media Company and real estate developers ALDAR.
(END) Dow Jones Newswires
20-01-08 0843GMT
