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Nakheel property firm and Cirque du Soleil announced a 15-year partnership in May 2007 to develop a permanent show on Palm Jumeirah in Dubai |
Istithmar World, the investment arm of Dubai World, and Nakheel real estate jointly acquire a 20 per cent stake in Cirque du Soleil, the world's popular live entertainment company.
David Jackson, chief executive of Istithmar World Capital, said: "Cirque du Soleil marks Istithmar World's first foray into the live entertainment space, which is a key to our media focus. As a longstanding market leader in the live entertainment segment, Cirque du Soleil represents the ideal platform for Istithmar World to fuse its strong investment network into a highly focused and dynamic institution."
Nakheel property firm and Cirque du Soleil announced a 15-year partnership in May 2007 to develop a permanent show on Palm Jumeirah in Dubai. The two organisations will jointly design and build a 1,800-seat theatre that will be home to the first ever Cirque resident show to be staged outside of the United States and the Far East.
