Probably the Sheiks in Gulf have understood that their oil isn’t gonna last forever. So they are gearing up for all kinds of architectural and entertainment businesses to attract foreign revenues. The latest to travel from the U.S. to the Middle East, Abu Dhabi to be precise, is the big name from the entertainment industry – the Warner Bros. Warner Bros Entertainment has agreed with United Arab Emirates’ Aldar Properties and a UAE media company to set up a film and video game production firm, state-controlled Aldar said on Wednesday. The companies, including Abu Dhabi Media Co, will also develop a theme park, hotel, and cinemas in the Gulf Arab emirate, Aldar said in a statement. This multibillion-dollar joint venture deal would bring American icons such as Bugs Bunny, Roadrunner, and Scooby-Doo to the Persian Gulf region. Warner Bros will also help design the theme park and hotel, with construction beginning in 2009, and manage an initial four multiplex cinemas to be built by the first quarter of 2010.
Aldar Chairman Ahmed Ali al-Sayegh said in the statement that the project “demonstrates the depth of our commitment to building Abu Dhabi in a holistic way, bringing the best in entertainment to the communities we are creating.” The planned production company will develop films in English and Arabic, and videogames that Warner Bros will distribute globally, Aldar said.