Miral Invests AED 12 Billion for Yas Island's Next Growth Phase
Miral announced a significant AED 12 billion (approximately USD 3.27 billion) investment to propel the future development of Yas Island. The initiative focuses on expanding attractions and hotel capacity, aiming to enhance the island's global appeal.
Miral, an Abu Dhabi-based developer, has committed AED 12 billion (approximately USD 3.27 billion) towards the future growth of Yas Island. The company unveiled its five-year development pipeline on Tuesday.
The investment is intended to broaden the island's tourism offerings through the development of new attractions and an increase in hotel capacity. This initiative aims to further solidify Yas Island's standing as a premier global destination. Planned enhancements include upgrades to existing sites such as Yas Waterworld, Ferrari World, and Warner Bros. World Abu Dhabi, alongside the introduction of novel experiences.
Miral CEO Mohamed Abdalla Al Zaabi stated that the investment aligns with Abu Dhabi's economic diversification and tourism objectives. He emphasized that Yas Island's ongoing development is integral to the vision of creating immersive, world-class experiences for visitors.
Located in Abu Dhabi, the island currently serves as a major tourism and entertainment hub, attracting millions of visitors annually. These new investments are projected to increase visitor numbers and extend the duration of stays on the island.