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Hollywood Adventures plans AED 15 billion projects

Hollywood Adventures Group announced plans to invest AED 15 billion in a number of mixed-use projects nationwide. "Our investment policy is based on the wise overall development plan initiated by President His Highness Sheikh Khalifa bin Zayed Al Nahyan and Vice President and Prime Minister of UAE and Ruler of Dubai His Highness Sheikh Mohammed bin Rashid Al Maktoum", Honorary Chairman of the company Sheikh Saud Bin Faisal Al told a news conference in Abu Dhabi Gamal Fawzi, President of Hollywood Adventures, Abu Dhabi told a news conference that one project will be in Abu Dhabi and the location of the other is yet to be finalised. "Among the projects are the Al Faisal Towers in Sharjah with an estimated cost of AED 1 billion and studies are underway for Hollywood Paradise, an indoor theme park that would be similar to the Disney theme parks," said Gamal Fawzi, Gamal Fawzi, President of Hollywood Adventures. The company’s projects, Fawzi added, are based on three 5-year plans. The company has already struck deals with national banks and is establishing the UAE-Italian Investment Fund for the company’s real estate investment projects." "The Hollywood Adventures also plans to invest in manufacturing automobiles, speed boats, ships, telecom systems, construction materials and power plants", Fawzi said. "We are considering a partnership with AvioCopter for operating chartered helicopter services and details will be announced n the coming few weeks", Fawzi stated.

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