Dubai plans $2.7 bln theme park complex

DUBAI, Nov 26 (Reuters) - Dubai plans to build a 10 billion

dirham ($2.7 billion) complex of five theme parks, including one

focused on India's Bollywood cinema industry, to expand its

booming tourism sector, the Dubai ruler's office said on Monday.

Local real estate company Meraas Holding has been chosen to

develop the project, the first stage of which is expected to be

completed by 2014, the office of Sheikh Mohammed bin Rashid

al-Maktoum said in a statement on its website.

Located near Dubai's Jebel Ali port area, the complex is to

include an adventure park featuring Hollywood brands, a marine

park, a children's park and a night safari.

Meraas has formed partnerships with several major film

studios in Mumbai to obtain content for the Bollywood Parks

section, which will include a theatre showing Broadway-style

musicals, the statement said.

A tourism boom and a nascent recovery in Dubai's property

market has prompted the emirate to announce a string of

ambitious projects this year. On Saturday, Sheikh Mohammed

unveiled plans for a tourism and retail development which, he

said, would include 100 hotels and the largest shopping mall in

the world.

(Reporting by Andrew Torchia; Editing by Helen Massy-Beresford)

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