Abu Dhabi Ups Efforts to Become Media Industry Hub With $6 Billion Investment
variety.comNick Vivarelli International CorrespondentAbu Dhabi is stepping up efforts to become a global media and entertainment industry hub as part of a drive to diversify its oil-based economy.The oil-rich capital of the United Arab Emirates has consolidated its so-called culture and creative industries — basically museums and media industry infrastructure — into a single unit called DCT Abu Dhabi that plans to plunk down a whopping additional $6 billion over the next five years into industry sectors ranging from media, movies, gaming and music, as well as investments into building more museums and other cultural attractions.The post-pandemic stimulus announcement follows Abu Dhabi’s previous $2.3 billion investment in projects that are already in.
Read more on variety.com
