DreamWorks to build theme park in Dubai

DUBAI (AFP) — DreamWorks, the US studio behind the hit box-office animated movie "Shrek", is to build a theme park in the booming Gulf emirate of Dubai.

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 Khaleej Times newspaper reported on Sunday.

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, 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.