StudentShare
Contact Us
Sign In / Sign Up for FREE
Search
Go to advanced search...
Nobody downloaded yet

Assessing the Economic Impact of Ferrari World Park on the UAE Economy - Case Study Example

Comments (0) Cite this document
Summary
This work called "Assessing the Economic Impact of Ferrari World Park on the UAE Economy" describes this place of entertainment, its economic boost. From this work, it is obvious that the Ferrari Theme Park promises to lead UAE out of economic depression into a world of industrial success; revolutionizing its economy and global standing. …
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER95.7% of users find it useful
Assessing the Economic Impact of Ferrari World Park on the UAE Economy
Read TextPreview

Extract of sample "Assessing the Economic Impact of Ferrari World Park on the UAE Economy"

Download file to see previous pages Sitting on the $40 billion Yas Island, this indoor theme park is a dream come true for every Ferrari fan from all over the world. Showing off the world's fastest roller coaster (speeding at a heart-stopping 149mph in 4.9 seconds), it provides its audience with the feel of actually sitting in the infamous Formula One car. (Abu Dhabi Launches Ferrari Theme Park)
Other amusements included in the theme park are multi-format high tech theatres, a Ferrari museum, a shopping mall consisting of showrooms, numerous different hi-tech Ferrari driving schools for all ages, along with automotive displays and participatory learning centers as well as food and entertainment.
Financed by the government, it took three years to construct (Ferrari partnered with the state-backed Aldar Properties during the construction, and plans on continuing the partnership if such projects come their way in the future) with a total cost of more than $35 billion.
Due to its large size and massive construction requirements, the Government provided various methods of incentives to the workers and investors. One of those was naturally rise in salaries as tourism would escalate due to the presence of the amusement park in Yas Island; also, the increased industrial expansion this would cause would help Dubai's staggering economy at least pick itself up before it completely deflates into absolute nothingness. The increase in employment this impending attraction caused was a definite enticement for the majority of the workers and investors.
The Foundation Stone ceremony took place in Abu Dhabi to officiate the beginning of its construction (2009) During the celebratory ritual, a time capsule containing a piston of F2007 model, along with the F1 World Champion Ferrari car and the park’s first impression by an artist, was buried on Yas Island. It was decided that the capsule would be re-opened only at the 100th anniversary of Ferrari (2047).
When it finally opened in October 2010, it was the biggest attraction the world had yet to offer. In these times of deflating globalization, with the recession at the heart of just about every economy, Dubai hopes to boost its trades via this single leap from camel rides to fast-paced roller coasters. It is anticipated that the Ferrari Theme Park will attract as many as at least 10,000 visitors a day. ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
  • CHICAGO
(Assessing the Economic Impact of Ferrari World Park on the UAE Economy Case Study, n.d.)
Assessing the Economic Impact of Ferrari World Park on the UAE Economy Case Study. https://studentshare.org/macro-microeconomics/1747662-assessing-the-economic-impact-of-ferrari-world-theme-park-on-the-uae-economy
(Assessing the Economic Impact of Ferrari World Park on the UAE Economy Case Study)
Assessing the Economic Impact of Ferrari World Park on the UAE Economy Case Study. https://studentshare.org/macro-microeconomics/1747662-assessing-the-economic-impact-of-ferrari-world-theme-park-on-the-uae-economy.
“Assessing the Economic Impact of Ferrari World Park on the UAE Economy Case Study”. https://studentshare.org/macro-microeconomics/1747662-assessing-the-economic-impact-of-ferrari-world-theme-park-on-the-uae-economy.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF Assessing the Economic Impact of Ferrari World Park on the UAE Economy

Saudi Arabia's Oil Impact on World Economy

...Assessing the Economic Impact of Ferrari World Park on the UAE Economy... Assessing the Economic Impact of Ferrari World Park on the UAE Economy... Saudi Arabia is one of the largest oil producers in the world and according to Vitalis, (2007), the country has the second largest oil reserves globally. Oil accounts the largest source of the global energy demand and hence the economic importance of Saudi Arabian oil is tremendous. The development of oil sector in Saudi Arabia and other oil producing countries has undergone numerous political and economic changes, which have affected production and the eventual prices of the commodity in the global market. This paper explores the Saudi Arabian oil and its impact on the global economy. The...
7 Pages(1750 words)Research Paper

Strategic Management Of Ferrari

...Assessing the Economic Impact of Ferrari World Park on the UAE Economy... Assessing the Economic Impact of Ferrari World Park on the UAE Economy... Management Caѕe‏ Ѕtrategic Management Caѕe‏ Ferrari iѕ a myth and a legend in the automotive induѕtry. The Ferrari tale iѕ one of an aѕtounding and unique worldwide ѕucceѕѕ.An unparalleled one. Ferrari ѕucceѕѕ cannot be meaѕured in termѕ of revenueѕ and ѕaleѕ, or in termѕ of market capitalization. Ferrari never made an IPO anѕ iѕ not even quoted in any ѕtock exchange market. Ferrari ѕucceѕѕ haѕ to be meaѕured only in termѕ of Brand Value and Product Value. Probably the Ferrari brand iѕ worth more than the Google brand, the Apple brand, Nike, GE, IBM, BMW, Mercedeѕ, Exxon, Ѕhell, or any other brand.No...
15 Pages(3750 words)Essay

Economic impact

...Assessing the Economic Impact of Ferrari World Park on the UAE Economy... Assessing the Economic Impact of Ferrari World Park on the UAE Economy... impact Table of Contents Economic impact Table of Contents 2 Introduction 3 Supply and Demand conditions 3 Costs of Supply 6 Conclusion and Recommendations 6 References 7 Barber, C. V., Miller, K. & Boness, M. M. 2001. Securing protected areas in the face of global change: issues and strategies. Switzerland: IUCN. 7 Introduction Coffee is regarded to be an important and favourite beverage globally, especially after the commodity has consistently exhibited a downward price trend since the late 1990s. It is more popular in regions featured by high industrial growth unlike in agro-based economies where te...
5 Pages(1250 words)Research Paper

Assessing Economic Performance

...Assessing the Economic Impact of Ferrari World Park on the UAE Economy... Assessing the Economic Impact of Ferrari World Park on the UAE Economy... economic performance Task: Introduction This write up seeks to make an in-depth comparison of two nations based oncertain parameters. The parameters include gross domestic product (GDP), level of technological advancements, economic growth and government system. These parameters will enable this write-up to reveal key disparities between the two countries. The above parameters are paramount in the evaluation of the success of any nation. As such, they will form the basis of comparison between the two nations. The two nations subject to this comparison are America and India. The first nation is the...
2 Pages(500 words)Essay

Assessing the Impact of Trauma

...Assessing the Economic Impact of Ferrari World Park on the UAE Economy... Assessing the Economic Impact of Ferrari World Park on the UAE Economy... assessment form is a guide used in assessment process when providing crisis intervention services (Myer et. al., 1992b). This is designed for all types of crises and applicable to all age groups which takes place in each situation of discussion with clients, his family and other people who are familiar with clients situation (Myer, Peterson, Willow, n.d.). Triage assessment form or TAF uses three dimensions when assessing the clients namely: affective, cognitive and behavioral dimensions (Myer, Peterson, Willow, n.d.). Affective dimension focuses on the primary emotions which are anger/hostility, s...
2 Pages(500 words)Assignment

World economy

...Assessing the Economic Impact of Ferrari World Park on the UAE Economy... Assessing the Economic Impact of Ferrari World Park on the UAE Economy... economy Introduction In this age of competitive rivalry and economic slump, sustainability and retention is the most essential requirement of any organization. Without which an organization may not prosper or retain its image and market share in the entire globe in the future era. However, in order to fulfill such inner desires, it’s extremely essential to recruit talented and experienced leaders as well as employees within the organization. Only then, the manager or the leader might identify the changing trends and demands of the target customers and act according to it. And then, it might prove...
4 Pages(1000 words)Essay

UAE Economy

...Assessing the Economic Impact of Ferrari World Park on the UAE Economy... Assessing the Economic Impact of Ferrari World Park on the UAE Economy... Research Paper - UAE Economy Table of Contents Table of Contents 1 Executive Summary 2 Scope of the study 3 1. Introduction 4 2. Discussions 6 2.1. Contribution of Gas industry in the economic growth of UAE 6 2.2. Trends in Natural Gas Sales by UAE 11 2.3. Degree of Dependency of UAE's Economic Performance on Gas Sales 13 2.4. Challenges and Opportunities of UAE's dependency on Gas sales 18 3. Recommendations 24 4. Conclusion 26 References 28 Executive Summary The United Arab Emirates was mainly created in 1968 to safeguard the oil reserve which was projected to be the backbone of the economy. The...
25 Pages(6250 words)Essay

World Economy

...Assessing the Economic Impact of Ferrari World Park on the UAE Economy... Assessing the Economic Impact of Ferrari World Park on the UAE Economy... of Contents Introduction 3 Features of the global economy 3 History 3 Characteristics of the global economy 4 Prerequisites for the functioning of World Economy 6 Conclusion 9 References 11 Introduction Describing the features of the global economy is a rather difficult job as it has undergone multiple changes over the period of time. The synthesis of the existing literature suggests that industrialization in the European and the American countries had a profound impact on the production levels and has greatly changed the outlook of agents to the economy. Changes of the global economy can be traced to ...
12 Pages(3000 words)Research Paper

UAE: Economic Analysis

...Assessing the Economic Impact of Ferrari World Park on the UAE Economy... Assessing the Economic Impact of Ferrari World Park on the UAE Economy... Table of Contents Table of Contents 2 Executive summary 3 Introduction 4 Budget Analysis 5 UAE strategic plan 11 Economic analysis 14 Fiscal Analysis 16 Labor Analysis 17 Conclusion and Recommendations 20 Oxford Business Group. The Report: Dubai 2008. London: Oxford Business Group, 2008. 22 Appendix 24 Executive summary UAE is one such nation that occupies a strategic position in the world economy. From 1960 onward, UAE had started exporting oil to different parts of the world and from there onwards a new era was scripted. However, the government has been trying hard to diversify the economy in dif...
9 Pages(2250 words)Research Paper

UAE Economy in 2011

According to the trends that come under presentation through statistics that appear via several sources, more or less twenty percent of the natives residing in UAE are the locals or the citizens. The trend of UAE in the bygone eras also depicts with the evidence that the mainstream population of UAE takes account of the foreign recruits or workforce and their dependents that primarily belong to the South Asian countries that include Pakistan, India, Iran, and Arabs. Furthermore, the records illustrate the information that although people belonging to the religions Christianity and Hinduism are rising, nevertheless the largest portion of the inhabitants of UAE is Muslim (Federal Research Division, pp. 78-81).
Conversely, the p...
6 Pages(1500 words)Assignment
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.

Let us find you another Case Study on topic Assessing the Economic Impact of Ferrari World Park on the UAE Economy for FREE!

Contact Us