Miral says $1.7bn invested in Yas Island transformation

Abu Dhabi-based developer reveals investment in entertainment and leisure projects on Yas Island as visitor numbers rise
Mohamed Abdalla Al Zaabi, CEO of Miral.

Abu Dhabi-based developer Miral has announced it is investing AED6.2 billion ($1.69 billion) into entertainment and leisure projects on Yas Island, which achieved 28 million visits in 2018.

The company said upcoming attractions include CLYMB, a new sport facility that will feature the world’s widest indoor skydiving flight chamber and highest indoor climbing wall.

SeaWorld Abu Dhabi, a next-generation marine-life theme park which also includes the UAE’s first dedicated R4 marine research, rescue, and rehabilitation and release centre, is another project in the pipeline, Miral said in a statement.

Yas Bay, Abu Dhabi’s waterfront experience, is also progressing and once complete, it will include Yas Bay Arena, The Residences – which will feature 15,000 residents – a promenade and pier with 37 cafés and restaurants, 19 retail outlets, a beach club, and two hotels.

It will also become the new hub for Abu Dhabi Media Zone, twofour54.

“These 2018 figures confirm Yas Island’s position as one of the top globally-recognised destinations, and we’re delighted to see continued growth, especially as we achieve key milestones such as the opening of Warner Bros World last summer. 2018 is another successful year and reflects our commitment to help grow and develop our nation’s tourism industry,” said Mohamed Abdalla Al Zaabi, CEO of Miral.

Arabian Business: why we're going behind a paywall

For all the latest construction news from the UAE and Gulf countries, follow us on Twitter and Linkedin, like us on Facebook and subscribe to our YouTube page, which is updated daily.
Real news, real analysis and real insight have real value – especially at a time like this. Unlimited access ArabianBusiness.com can be unlocked for as little as $4.75 per month. Click here for more details.