DreamWorks Animation has signed a multibillion-dollar deal with real estate company Tatweer to develop in Dubai a range of projects, including a 5 million-square-foot theme park that will see incorporate characters from DreamWorks titles such as the Madagascar, Shrek and the upcoming Kung Fu Panda.

This isn’t the only huge Dubai deal that has been inked recently. Tatweer also announced in May, 2007 a $2 billion deal with Universal Parks and Resorts to build Universal City Dubailand.

In April, Al Ahli announced a deal with Marvel Entertainment to bring Marvel’s full library of superheroes to Dubai for a $1 billion theme park to open in 2011. Al Ahli also announce another longterm partnership with Nickelodeon that will see such Nick properties as SpongeBob SquarePants and Dora the Explorer join the Marvel characters in the park.

And in June, Paramount signed a $2.5 billion deal with Ruwaad Holdings to turn Paramount properties such as Mission: Impossible, Top Gun and The Godfather into a series of Dubai-based parks and rides.

Via Variety

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