Struggling Dubai amusement park abandons Six Flags expansion

FILE - In this Dec. 18, 2016 file photo, people visit the Legoland at Dubai Parks & Resorts in Dubai, United Arab Emirates. A massive amusement park in Dubai says it is abandoning plans to build a $454-million Six Flags. DXB Entertainments, which runs Dubai Parks & Resorts, said in a statement filed on Thursday, Feb. 7, 2019 on the local stock market, that a planned financial instrument was "no longer available and the Six Flags Dubai project cannot proceed at this time." (AP Photo/Kamran Jebreili, File)

Massive amusement park in Dubai says it abandoning plans to build a $454-million Six Flags

DUBAI, United Arab Emirates — A massive amusement park in Dubai says it is abandoning plans to build a $454-million Six Flags.

DXB Entertainments, which runs Dubai Parks & Resorts, said in a statement filed on Thursday on the local stock market that a planned financial instrument was "no longer available and the Six Flags Dubai project cannot proceed at this time."

Plans for a Six Flags park long have circulated in Dubai.

In 2016, Dubai officials say they planned to add the park chain, owned by the Grand Prairie, Texas-based Six Flags Entertainment Corp.

The park near the site of Dubai's 2020 World Expo, or world's fair, has struggled since opening.

Meraas Holding, a firm backed by Dubai's ruler, Sheikh Mohammed bin Rashid Al Maktoum, is the majority-owner of DXB Entertainments.

Related News

Slain runner from NYC laid to rest in Massachusetts

Aug 16, 2016

A New York City woman killed while out running near her mother's Massachusetts home was remembered at her funeral Tuesday for the light she brought to the lives of everyone she touched

'American Horror Story' coming to Halloween Horror Nights

Aug 17, 2016

The ghosts, vampires and other freaky misfits from "American Horror Story" are coming to Universal Studios

Casino mogul Wynn readies lavish new Macau resort

Aug 17, 2016

Steve Wynn's Macau resort brims with auspicious Chinese symbolism, and the U.S. casino mogul will need luck on his side as launches his $4.2 billion Wynn Palace project in the gambling hub as growth downshifts

You may also like these

Sanders' wife defends non-disclosure, vacation home buy

Aug 18, 2016

Sen. Bernie Sanders has pushed hard for transparency on U.S. trade and campaign finance, but has been far less aggressive in disclosing his own personal finances

US Olympic gold hasn't made for winning bets in Las Vegas

Aug 19, 2016

Rowing, shooting and judo _ the U.S. may have won big gold medals in those Olympic events but some of the most prominent Las Vegas sports books didn't even bother with them

Officials: Zika won't hurt South Florida tourism in long run

Aug 20, 2016

The discovery of Zika-carrying mosquitoes in South Florida certainly isn't ideal for tourism, but local officials and business leaders are confident the long-term impact on the tourism industry will be minor

Traveller SEA (South-East Asia) is for wanderlust looking for an adventure in the South-East Asia region and the rest of the world.

Contact us: sales@tvlseacom.com