(Photo: Warner Bros.)

Warner Bros. is not only building a cinematic universe with its characters, but also a new theme park.

In conjunction with an Abu Dhabi firm, Warner Bros. is in the planning phase to build a $1 billion dollar theme park on Yas Island. The project, called Warner Bros. World Abu Dhabi, will feature a Warner Bros. themed hotel and rides modeled after the companies most famous characters.

“Warner Bros. has been entertaining audiences for more than 90 years with the world’s most-loved characters and franchises,” said Kevin Tsujihara, chairman and CEO of Warner Bros. Entertainment. “Working with our partners at Miral, we’ll bring this expertise to Yas Island, one of the world’s leading entertainment destinations, to create a fully-interactive, innovative and unique experience that will allow fans of all ages to experience the most exciting aspects of Warner Bros. in a completely immersive environment.”

Miral Chairman Mohamed Khalifa Al Mubarak emphasised the park's effect on tourism.

“By meeting the global, regional and local demand for a world-class entertainment destination, supported by an equally world-class travel and tourism infrastructure, we are fulfilling our ambition to drive visitor numbers and enrich the UAE’s appeal as a truly international destination that appeals to both residents and travelling guests."

Work has already started on the park and its rides, including a Gotham City and Metropolis hub, as well as hubs for Looney Tunes and Hanna-Barbera. Warner Bros. is aiming for a 2018 open date.

via Variety