Paramount Hotels & Resorts, the Dubai-based company with the licensing rights for properties using the Hollywood producer’s brand, has signed an agreement to develop hotels and theme parks in Italy.

The company signed a memorandum of understanding with Italian firms Alpha Tours and Grand Hotel Via Vento during a ceremony in Abu Dhabi on Sunday.

Italian Prime Minister Enrico Letta also visited the UAE to support the agreement, which the firms said would help boost the real estate and tourism sectors in Italy.

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