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.

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