Spacey, who was on his way to host the Laureus sports awards in Abu Dhabi, said the academy would teach all aspects of theatre and would travel across the region with no permanent home. The institution would also provide a means for Middle Eastern works to be seen on Broadway and in other cities throughout the world. The project would be jointly financed by the Kevin Spacey Foundation and Badr Jafar, the executive director of Crescent Petroleum and chief executive officer of Crescent Investments, Spacey said.
A Tony Award winner for his performance in Lost in Yonkers and a two-time Academy Award winner for his work in "American Beauty" and "The Usual Suspects," Spacey's other Broadway credits include A Moon for the Misbegotten, The Iceman Cometh, Long Day's Journey Into Night, Hurlyburly and Ghosts. He is the artistic director of the Old Vic theatre company in London.