Miral to Invest AED 12 Billion in Yas Island Tourism Development Over Five Years
Abu Dhabi's leisure and entertainment developer Miral will invest AED 12 billion ($3.3 billion) in new projects and expansions on Yas Island over the next five years, focusing on theme parks, attractions, and hospitality
Miral, Abu Dhabi's leading leisure and entertainment group, has announced plans to inject AED 12 billion (approximately $3.3 billion) into the development of Yas Island over the next five years. This significant investment aims to expand existing theme parks, introduce new immersive attractions and rides, and enhance the island's hospitality and leisure offerings.
Expanding Yas Island's Attractions
The investment strategy focuses on meeting evolving visitor expectations by diversifying Yas Island's entertainment landscape. While specific details on new projects were not immediately disclosed by the Abu Dhabi Media Office, previous announcements shed light on key upcoming developments.
Notably, Yas Island is slated to host Sphere Abu Dhabi, the first Sphere entertainment venue outside the United States, with construction anticipated to conclude by the end of 2029. Beyond that, The Walt Disney Company revealed plans in May 2025 to partner with Miral for a new theme park on the island. Miral's CEO, Mohamed Al Zaabi, has also indicated a Harry Potter-themed destination is in the pipeline for Yas Island, projecting these attractions to boost its contribution to the Abu Dhabi economy by up to 15 percent.
Yas Island currently features prominent attractions such as Ferrari World, SeaWorld, and hosts the annual Abu Dhabi Formula 1 Grand Prix. This latest investment underscores Miral's commitment to solidifying Yas Island's position as a premier global entertainment and leisure destination.
Questions, answered
- How much is Miral investing in Yas Island?
- Miral is investing **AED 12 billion**, which is approximately $3.3 billion, into Yas Island over the next five years.
- What types of projects will the investment cover?
- The investment will cover expansions of existing theme parks, introduction of new immersive rides and attractions, and enhancement of hospitality and leisure offerings on Yas Island.
- Which major new attractions are planned for Yas Island?
- Key new attractions include Sphere Abu Dhabi, expected to be completed by the end of 2029, and a new theme park in partnership with The Walt Disney Company. A Harry Potter-themed destination is also in the pipeline.
- What is the projected economic impact of these developments?
- Miral's CEO, Mohamed Al Zaabi, stated that the pipeline of attractions, including a Harry Potter destination, is expected to increase Yas Island's contribution to the Abu Dhabi economy by as much as 15 percent.
- What existing attractions are on Yas Island?
- Yas Island is currently home to Ferrari World, SeaWorld, and other major amusement parks. It also hosts the annual Abu Dhabi Formula 1 Grand Prix.
This brief was summarised and rewritten by Gaia Living from public reporting. Figures and details reflect the original sources.
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