UAE theme park revenue to jump 78% to $837mn

DUBAI / Emirates Business

UAE will play a pivotal role in the global billion dollar theme park and amusement industry as per International Expo Consults, the organisers of the DEAL 2017 show. UAE is set to trigger the theme park revenue growth as it is set to increase by 78 per cent to US$837 million by 2019 as per reports.
Internationally recognized events such as the Dubai Expo 2020 and FIFA World Cup in Qatar in 2022 will boost the tourism sector in the region. This growth, associated to the rise of theme parks and retail visits, will renew the enthusiasm in the amusement and theme park industry in the region. Theme parks in the UAE have the potential to see millions of visitors due to the Expo. With its central global location, and excellent hospitality facilities, it is anticipated that UAE has tremendous potential to lead the race ahead of Orlando.
Abdul Rahman Falaknaz, Chairman of IEC stated that, “UAE over the period of years has metamorphosed itself into a truly global hub for tourism, with visitors not only from the MENA region but worldwide. Tourists are attracted to the city’s retail offerings, star hotels apart from good weather. With respect to any tourism based economies, there are chances of people looking out for alternative destinations that offer better excitement. Therefore it is very much pertinent to improvise and continue being relevant in the rapidly changing marketplace and UAE is leading the march in better attraction offerings.”