One of the major investor firms in Abu Dhabi, Aldar Properties PJSC, is the owner of the theme park. Construction was overseen by Benoy Architects. The company Jack Rouse Associates took on the design and building of the attractions.
It is also the first Ferrari theme park in the world to be constructed fully indoors. It spans an 86,000m2 surface area that is open to guests.
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Asset Management Miral
Yas Island in Abu Dhabi is being developed and managed by Miral Asset Management, a real estate development, management, and investment firm. Through its wholly owned subsidiary Farah Experiences, the firm also owns and manages Warner Bros. World Abu Dhabi, Ferrari World, Yas Waterworld, and the future SeaWorld Abu Dhabi.
TRY TO FEEL LIKE A FERRARI
Only at Yas Indoor World, the world’s largest indoor theme park and the first Ferrari-branded theme park. Yas Indoor World is situated in the center of the intriguing Yas Island. In between rides, guests may enjoy enchanted performances, authentic Italian cuisine, and privileged access to the fast, opulent world of premium Italian supercars and its racing legends. When you visit Ferrari World Abu Dhabi right now, you may celebrate your victories in life and feed your competitive spirit.
What We Do
In order to provide distinctive, top-notch entertainment experiences in the capital of the United Arab Emirates, Abu Dhabi, Farah Experiences LLC was founded in 2008. Currently, the company runs three internationally acclaimed theme parks: Warner Bros. World Abu Dhabi, the first Warner Bros. branded indoor theme park, Yas Waterworld, the only Emirati waterpark in the UAE, and Ferrari World Abu Dhabi, the first Ferrari-branded theme park in the world.
Additionally, it runs distinctive attractions like Qasr Al Watan, an educational tour that invites visitors from around the world to experience the UAE’s culture, knowledge, and inspiring journey, and CLYMB, an indoor adventure hub with the biggest indoor skydiving flight chamber and the tallest indoor climbing wall in the world.
The famous landmarks are situated in the center of Yas Island, Abu Dhabi’s and the world’s fastest-growing leisure and entertainment destination.
A completely owned subsidiary of Miral Asset Management LLC, situated in Abu Dhabi, is Farah Experiences.
The park will include the highest and fastest roller coaster in all of Europe thanks to a partnership between Ferrari and the Spanish entertainment company PortAventura World.
Ferrari World in Abu Dhabi will benefit from promotion for a Ferrari theme park that will open in Spain the following year.
Yas Island’s developer and asset management business, Miral Asset Management, claimed that Ferrari World’s success served as inspiration for the new theme park in Spain.
CEO of Miral Mohamed Abudullah Al Zaabi stated, “It’s promotion for us.” Although it is considerably less than Ferrari World, it is the outcome of our accomplishment.
The Ferrari Land theme park is being built on 15 acres of land south of Barcelona for EUR100 million (Dh411.9m).
The park will include the highest and fastest roller coaster in all of Europe thanks to a partnership between Ferrari and the Spanish entertainment company PortAventura World.
The 200,000 square meter Ferrari World in Abu Dhabi is home to the Formula Rossa roller coaster, the fastest in the world, which can reach 240 kph in 4.9 seconds, and Flying Aces, which boasts the highest roller coaster loop in the world at 63 meters.
A contract for the design, development, and operation of a new Ferrari theme park in one of the major Chinese cities was signed in March by Beijing Automotive Group Company, Baic Eternaland Property Company, and Property. Ferrari Spa is a fully-owned Italian subsidiary of Ferrari NV. It gave no specifics.
Is Ferrari owned by Abu Dhabi?
Following the acquisition of a 5% share by Mubadala, an Abu Dhabi government investment organization, Ferrari joins a strategic alliance. Maranello, Wednesday, July 27, 2005 – Mubadala Development Company, a major investment firm completely owned by the Government of Abu Dhabi, and Ferrari have announced that Mubadala has acquired a 5% share in Ferrari from Mediobanca.
In the agreement, Mubadala will pay EUR114 million to Mediobanca to acquire 5% of Ferrari, valuing Ferrari at EUR2.28 billion overall. The deal also stipulates an earn out in Mediobanca’s favor in the event that Ferrari’s IPO is successful during the following 24 months at a price that guarantees Mubadala an internal rate of return higher than 10%.
“We at Fiat are pleased to welcome a non-financial institution as a shareholder in Ferrari for the first time. A fresh possibility for our expansion will be the main benefit of expanding our shareholder base beyond conventional financial institutions, according to Luca di Montezemolo, Chairman of Ferrari and Chairman of Fiat (56 percent majority shareholder in the Italian luxury brand). He continued, “We are certain that Mubadala is dedicated to being a very trustworthy, steady shareholder and partner to existing shareholders. “In addition, the strategic partnership with Mubadala and subsequently the Government of Abu Dhabi is expected to lead to the development of attractive and innovative new business plans, particularly for the Middle Eastern and North African markets. Our initial areas of focus will include everything from the design and development of initiatives for testing road and racing cars, together with professional driving schools, to the exploitation of chances related to brand experiences and merchandising.
His Majesty The Chairman of the Abu Dhabi Department of Planning & Economy, Sheikh Hamed bin Zayed Al Nahyan, stated, “This is a good financial and strategic investment on many levels. We have a history of working with renowned international brands and businesses that are industry leaders. Importantly, it also satisfies our own investment goals, which include forging high-profile alliances that will both directly and indirectly advance the Abu Dhabi economy. The Abu Dhabi Government has a proven track record of contributing positively to high-end projects and chosen businesses around the globe through Mubadala. Therefore, we are happy with their collaboration with Ferrari,” Mr. Montezemolo continued. 10% shareholder Piero Ferrari said, “I am familiar with Abu Dhabi. As a result of the chance I got to speak with His Highness and his family, I am pleased to welcome them to the Ferrari family.
Khaldoon Khalifa Al Mubarak, CEO of Mubadala, commented on the partnership and said, “This arrangement further emphasizes our strategy of engaging in beneficial collaborations with leading international firms and brands. The main business goal of Mubadala and Ferrari is to develop long-term, economically viable prospects that fully utilize the potential of the strategic relationship. I am eager to see the potential that is available to us realized,” he continued.
When was Ferrari World Abu Dhabi built?
On Yas Island in Abu Dhabi, United Arab Emirates, is a theme park known as Ferrari World Abu Dhabi (Arabic: ‘lm fyrry ‘bwZby). It is the first Ferrari-themed park in the world and has Formula Rossa, the fastest roller coaster in existence.
On November 3rd, 2007, the park’s foundation stone was placed. The park was created by Aldar Properties and built by the BESIX Group subsidiary Six Construct over the course of three years until it was formally opened to the public on November 4, 2010.
Ferrari World Abu Dhabi’s size
The only Ferrari-themed amusement park in the world is located almost 2,800 miles away in the dry deserts of the United Arab Emirates, where Ferrari’s renowned supercars are totally produced. The extravagant wealth of Ferrari is on full display at this insane supercar showroom.
The largest indoor theme park in the world, Ferrari World is over 900,000 square feet large and resembles a massive three-pointed star when viewed from above. It has a 215-foot-tall rendition of Ferrari’s signature yellow prancing horse insignia on the curved red roof.
Visitors to the theme park can tour a functioning Ferrari factory, drive a real Ferrari, and peruse a collection of 70 years’ worth of Ferrari models. The “Bell’Italia” ride transports guests in a Ferrari through a scale model of Italy’s wonders, including Venice, the Roman Colosseum, the Amalfi Coast, and, of course, Maranello, the birthplace of Ferrari.
Fittingly, the park is also home to the tallest roller coaster loop in the world and the renowned “Formula Rossa,” a thrill ride with a top speed of 149 mph that breaks the world record for roller coaster speed.
One of the top tourist destinations in the Middle East, Ferrari World intends to expand its theme park to Spain and Orlando in the upcoming years.
How is Ferrari World run?
Farah Experiences LLC, which was founded in 2008 to offer top-notch entertainment experiences on Yas Island, is in charge of managing and running The Park.
How much did Ferrari World Abu Dhabi cost to construct?
It is the biggest theme park in the world and the location of the fastest rollercoaster. So what can visitors to Ferrari World Abu Dhabi expect?
- The area of Ferrari World that is open to visitors is 86,000 square meters, which is huge enough to fit seven football fields lined up end to end. It is the largest indoor theme park in the world.
- It is the first theme park whose sole focus is the infamous Italian brand. Mubadala, an investment company based in Abu Dhabi, owns 5% of Ferrari.
- The famous prancing horse, which covers 200,000 square meters of the roof, is the largest Ferrari logo ever made.
- The park has more than 900 employees and can accommodate up to 10,000 people each day.
- Ferrari World was constructed in just three years. Its first cornerstone was laid on November 3, 2007, and by the end of October 2010, it will be accessible to the general public.
- More than 20 rides that tell the Ferrari story are part of the attraction. It has the fastest rollercoaster in the world as well as cutting-edge driving simulators and driving and scenic simulators. The G-Force tower, which launches guests to a height of 62m, the V12 flume experience, and the Pit Wall, where competitors can make decisions on race day, are among the top attractions.
- The fastest rollercoaster in the world, Formula Rossa, is the crown jewel of Ferrari World. Along a 2.4km track, the coaster can reach speeds of up to 150 mph per hour.
- For ardent racing enthusiasts, Ferrari World also features the Paddock, where you may join the Ferrari pit crew on the day of a Grand Prix, and a museum that chronicles the company’s history from its earliest days to its current F1 status.
- Only a few kilometers separate the park from the heart of Abu Dhabi city, on Yas Island. In November 2009, the Yas Island Marina Circuit played host to the first Grand Prix of the United Arab Emirates. Abu Dhabi has invested a total of $40 billion on the Yas complex.
- Aldar Properties, the largest developer in Abu Dhabi, was responsible for the design of Ferrari World.
- The theme park’s doors open to the public on November 4 and admission costs AED165 to AED225. Starting at AED375, premium tickets provide priority access to rides.
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What number of rides does Ferrari World Abu Dhabi offer?
The first Ferrari-branded theme park in the world is located in Abu Dhabi. The United Arab Emirates’ capital city’s amusement park boasts 37 world-record-breaking rides and attractions for visitors of all ages. Ferrari World is a family-friendly park because of the range of rides it offers.
Who is the park’s owner, Ferrari?
The brand’s followers can look forward to “an explosive multi-sensory experience” at Ferrari World Abu Dhabi when it debuts the following year.
Ferrari has launched a number of brand extensions in an effort to capitalize on the great passion it receives from its fans.
Ferrari-branded apparel, watches, briefcases, stationery, and model cars are sold at 28 branded stores throughout the world and on a website.
The amusement park’s “sleek red roof” will be designed to resemble the Ferrari GT body’s side profile. The “biggest Ferrari logo ever” will be displayed on its 200,000 square meters of space.
The theme park, according to the automaker, will have more than 20 attractions, including the fastest rollercoaster in the world and kid-friendly rides, “each meant to bring to life a distinct section of the Ferrari story.”
Aldar Properties PJSC, a real estate development business, is the owner of The Park. The park’s administration and management will fall under the purview of Farah Leisure Parks Management L.L.C.