Abu Dhabi's Miral to invest Dh12bn in five years on more Yas Island hotels and attractions
Miral, the company behind Yas Island in Abu Dhabi, has announced a Dh12 billion ($3.26 billion) investment over the next five years to expand its hospitality and theme park offerings. The amount will be allocated towards the expansion of a Warner Bros-themed hotel with 250 rooms, as well as a new lifestyle hotel at Yas Bay, Miral's group chief executive Mohamed Al Zaabi told reporters at the…
Miral, the Abu Dhabi-based company, has revealed a Dh12 billion ($3.26 billion) investment plan over the next five years to boost its hospitality and theme park offerings on Yas Island. The funds will primarily be used to expand a Warner Bros-themed hotel with 250 rooms and develop a new lifestyle hotel at Yas Bay, according to group CEO Mohamed Al Zaabi.
He stated that the company aims to increase the total room count by nearly 35% within the next five years. Two of the new hotels will feature themed International Production (IP) units, driven by growing demand for such accommodations. The investment will also cover the expansion of the Harry Potter-themed section of the Warner Bros theme park, slated to open in 2029.
Additional rides and attractions, including new experiences, are expected to be unveiled as part of the expansion. Miral plans to utilize its earnings as the primary source of funding for these projects, with a portion likely financed through other means. CEO Al Zaabi confirmed that the development of Disneyland Abu Dhabi is progressing well, expressing satisfaction with the collaboration between Miral and Disney.
However, no specific opening date has been announced for the theme park, which is also planned for an area on Yas Island.
Written by urgent.news from The National UAE's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
