Warner Bros World Abu Dhabi
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From the same article:

“Aldar and Abu Dhabi Media Company together will invest 50 percent, while the remaining 50 per cent would be invested by Warner Bros. We are going to build an integrated entertainment and media infrastructure that will be respectful to our culture and values. This is a regional partnership that will cover the entire Middle East region.”

The spokesman said: “As has been previously announced, Warner Bros plans to develop a theme park in Abu Dhabi. With our partners at Miral Asset Management, we have started initial development of the area on Abu Dhabi’s Yas Island and expect the project to be completed in 2018.”

"Warner Bros theme park under construction in Abu Dhabi"

Source: http://www.arabianbusiness.com/warner-bros-theme-park-under-construction-in-abu-dhabi-599692.html

The partnership intends to build a theme park with 19 different rides, a hotel and jointly-owned multiplex cinemas, and to form a joint venture fund to finance films and publish video games.

Can clearly spot the Warner site on Google Maps now:

Warner Bros Abu Dhabi theme park construction has commenced on Yas Island, adjacent to Yas Waterworld:

Any updates on the site? Going vertical?

The artwork picture of the park that was deleted here last week, it's still retrievable on Google Images:

There is a construction fence, but no construction on the site yet.

Also, what about its name?

What about the announcement and groundbreaking?