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MGM Explores Middle Eastern Real Estate

ABU DHABI, UAE-MGM and Jordan-based multimedia firm Rubicon are looking for venue opportunities in Sorouh Real Estate's regional portfolio.

By Ian Ritter | Updated on March 27, 2008

ABU DHABI, UAE- Metro-Goldwyn-Mayer Studios and multimedia-entertainment firm Rubicon have signed a deal with locally based Sorouh Real Estate to add entertainment components to the developer’s mixed-use projects around the region. The deal follows last year’s announcement that MGM has partnered with two developers to anchor MGM Studio World in Shanghai.

MGM and Jordan-based Rubicon are exploring the addition of a number of entertainment facilities to the projects Sorouh has under development. Among those developments is Shams Abu Dhabi, a 54-million-sf island project currently under construction that will house 55,000 residents and will be made up of five tower-studded districts.

Sorouh also has under development the 32.3-million-sf Alghadeer, between Abu Dhabi and Dubai, which is planned for 18,000 residents, as well as the Golf Gardens resort in Abu Dhabi.

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