Ferrari and Dubai-based property company Aldar Properties have agreed to develop a theme park in Abu Dhabi dedicated to the Ferrari brand.
The project will include a race track, an amusement park, Ferrari sporting events and virtual Ferrari simulations.
The race track is expected to be used for car races, tests and driving lessons.
Hotels, shops and residential areas based on the style and design of the Ferrari brand are also planned.
The park will be in addition to the Formula One World theme park which is set to be built within the MotorCity area of Dubailand.