By Neil Halligan
Egyptian minister claims discussions are ongoing and would be similar to Paris attraction
The Walt Disney Company is in talks about building a theme park in Egypt, its first venture in the Middle East, according to reports in the country.
The state-run news agency MENA has reported that a member of Egyptian government said the park would be similar to the venue in Paris.
“There are discussions going on between Disney International to build in Egypt its first Disney Park in the Middle East, similar to Disney France," said Ashraf Salman, Egypt's investment minister, who was speaking while attending a live Disney show at the Cairo International Convention Center.
"Having a Disney show in Egypt at the moment sends a message to the world and to foreign investors that Egypt is safe and stable," he added.
Tourism in the country plummeted following the unrest in the country after the downfall of former president Hosni Mubarak in early 2011.
Walt Disney has been previously linked to the Dubailand development for its first theme park in the Middle East, but it did not materialise.
Could be an opportunity for Meraas/Dubai Parks to create a platform for finance (rise of IPO's in Dubai) and expertise (from development in Dubai) to bridge the gap for Egypt and Disney.