ARN News Centre

Ferrari World invests AED 700 million in new rides

Monday, 23 January 2017 08:21

The company behind Ferrari World is investing AED 700 million in new rides and attractions. Miral Asset Management says the investment will support the park’s growth plans. The new rollercoaster ride - Turbo Track - is set to open on March 27. The ride’s tack is 180 metres and it will travel at speed of around 102 km/hr. Three other rides are set to open this year, one's a simulation drive, another a rollercoaster, and the third one's closely guarded secret. Ferrari World will have 39 attractions by the end of the year. Competition in the UAE’s leisure park sector is increasing, with two new parks launching in Dubai last year.

More from Business

Chad advisor calls for direct flights from UAE

The Advisor for Telecommunications, Digital Economy and Digitalisation of the Administration to the Prime Minister of Chad has expressed his country's interest in collaborating with Emirati airlines, regarding direct flights between the two countries.
Roblox expands into Middle East with Arabic support

Roblox is making a significant push into the Middle East by introducing Arabic-language support, aimed at making the popular gaming platform more accessible to millions of users in the region.
UAE economy set for 5-6% growth in 2025, says minister

Abdullah bin Touq Al Marri, the UAE's Minister of Economy, has forecast a 5 to 6% growth for the national economy in 2025.
World Bank forecasts 3.4% growth for Gulf economies

The World Bank projects the economic growth rate of Gulf countries will reach 3.4 per cent in 2025, rising to 4.1 per cent in 2026, compared to an expected 3.3 per cent growth rate for the Middle East and North Africa (MENA) region as a whole.
UAE President issues AI Council resolution

President His Highness Sheikh Mohamed bin Zayed Al Nahyan has issued a resolution toreconstitute the Artificial Intelligence and Advanced Technology Council (AIATC), chaired by His Highness Sheikh Tahnoon bin Zayed Al Nahyan.