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Nakheel has signed an exclusive multi-million dollar 15-year deal with Cirque du Soleil to have a permanent venue and show at the heart of the Palm Jumeirah.
"Cirque du Soleil Dubai is expected to open by the first quarter 2010 with the premiere in December that year," a spokesman told Arabian Business. The venue will be the only permanent Cirque show outside the US, China, and Japan - "a major coup for Dubai," said Nakheel CEO Chris O'Donnell.
"We will have the Atlantis Hotel, Trump tower and now the Cirque du Soleil, three iconic buildings and entertainment venues on the Palm Jumeirah," O' Donnell added.
The undisclosed deal has been signed on a "partnership agreement", O'Donnell said, with profits split on a partnership basis, however the contract remains confidential, he added.
Nakheel will build an 1800-seat theatre venue for the permanent show by 2010 with the name and theme of the show not yet decided, however, a spokesman told Arabian Business that it "could well have a traditional theme".
Cirque du Soleil made its first appearance in Dubai at the beginning of this year from January 4 and ran an extended two-month long run of shows. O' Donnell added that the show was so successful that it had decided "well in advance" to bring a permanent show to the emirate.
"The permanent show in Las Vegas called ‘O' opened in 1997 and every show has played to full houses for ten years bringing in six million people. In fact, people even plan their holidays around the show and we think we can the same effect on Dubai," O'Donnell added.
Mario D'Amico, VP Global Marketing for Cirque du Soleil, said via video link that the deal had been on the cards for some time. "We have been watching the growth and dynamism of Dubai for four to five years and we have always said to ourselves how much we wanted a permanent show in a permanent location. Nakheel and Cirque."
Meanwhile Nakheel said it was preparing to announce further project details.
O'Donnell said that it would be announcing a Nakheel-led 20-island project which would include several hotels and exclusive properties and villas, an on land partnership project with a leading Indian hotelier as well as some extensive international market research on foreign investor perceptions of Dubai and whether its landmark projects would attract them to the emirate.
O'Donnell added: "In all we have 30 committed hotels on the Palm Jumeirah and around 180 non-committed hotels on the Palm Deira and Jebel Ali."
This is not the right time to start launching studios, the economic situation in Europe is getting worse daily and is likely to create big ripples in UAE... more
Monday, 21 May 2012 2:15 PM - Red SnappaLet's see what will happen and if this project will go ahead. Only time will show. What happens to the other projects? not much is going on? Are investors... more
Monday, 21 May 2012 11:49 AM - Greg
That is probably one of the silliest moves that will hinder business and interaction.
Almost every company has dealings with some form of foreign entity... more
I find it amazing taht the very same people who 4 years ago were singing praises are today lamenting funeral wakes.
Business is a risk and about decision... more
What does "USA-tailored regime" and Iraq have to do with this story is beyond me. more
Monday, 21 May 2012 4:40 PM - Alithe majority of expats (as most people here argue that its a majority painting an entire nation the villain)....why are the filipinos and indians not the... more
Sunday, 20 May 2012 9:17 AM - ArthurIt is the Arabian Gulf because firstly Persia hasn't existed since 1935 and, therefore, does not appear on modern maps. So, by saying Persian Gulf we are... more
Sunday, 20 May 2012 7:40 PM - Juma Said JumaThis is not the right time to start launching studios, the economic situation in Europe is getting worse daily and is likely to create big ripples in UAE... more
Monday, 21 May 2012 2:15 PM - Red SnappaIn this part of the world, it will everlastingly be the Arabian Gulf because there is absolutely nothing persian about the Arabian Gulf. more
Monday, 21 May 2012 7:03 PM - Fahdseveral good points made here however democracy is about all the people and there are over 4 million people in Kuwait, Kuwaitis and expats we the expats... more
Friday, 18 May 2012 7:32 PM - jamesthe majority of expats (as most people here argue that its a majority painting an entire nation the villain)....why are the filipinos and indians not the... more
Sunday, 20 May 2012 9:17 AM - ArthurHOW CAN WE FORGET 2008, WHY DID YOU NOT FORGET TO PAY ALL YOUR STAFF BONUSES LIKE YOU HAVE DONE ON THE PAST TWO OCCASIONS , YET YOU CANT COMPENSATE OR... more
Wednesday, 16 May 2012 4:51 PM - MOOSAThe words one should read and think about are "it COULD make sense to sell Emirates in the future". Sir Flanagan does not say it does make sense at this... more
Thursday, 10 May 2012 11:16 AM - Paul dxbWhen I first went to live in ABu Dhabi - I clicked up a couple of speeding fines during the frist year (on empty roads and certainly not tailgating - but... more
Thursday, 17 May 2012 5:45 PM - BaffyNEVER BUY PROPERTY IN ARAB COUNTRIES !!! more
Sunday, 6 May 2012 6:37 PM - Rene
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