Saudi billionaire Prince Alwaleed bin Talal is in talks with investors to build an $8 billion Disneyland theme park in Bahrain, at the heart of the world's biggest oil exporting region, a newspaper reported on Tuesday.
The project would be based on Walt Disney Co.'s theme parks and could be called "Disney Bahrain", Bahrain's al-Waqt newspaper said, citing an unnamed source.
The report did not make clear whether the U.S. company was directly involved in the talks to build the first Disney theme park in the Gulf, where incomes have surged after a tripling of oil prices in the five years to last July.
Alwaleed, the world's eighth richest man, is talking to investors including Kuwait Finance House, the Gulf's second largest Islamic bank by market value, and Bahraini institutions, the paper said.
Alwaleed indirectly owns 10 percent of Disneyland Paris operator Euro Disney, and his Rotana Audio Visual Co., signed a deal in November to distribute Walt Disney products across the Middle East and North Africa.