Koelnmesse GmbH / FSB
Koelnmesse GmbH / FSB
Koelnmesse GmbH / FSB

Banks back Dubai Parks and Resorts' Six Flags bid with AED1bn loan

Dubai Parks and Resorts (DPR) has secured a AED1bn (US$272m, €239m, £193m) loan to add a fourth theme park to its portfolio, with the proposed addition flying the Six Flags banner.

The operator, which is launching this first stage of its new multi-billion dollar theme park and resort project later this year, says it has secured the debt financing to fund part of the proposed Six Flags-branded theme park. The debt portion has been provided by Abu Dhabi commercial Bank, Dubai Islamic Bank and Sharjah Islamic Bank.

DPR will need to raise a total of AED2.67bn (US$727m, €639m, £515m) to fully finance the development, with the remainder being sought through a proposed rights issue, which will be put to shareholders at a general assembly meeting on 18 April.

If approved, the Six Flags development would operate under a licensing model with an opening date of Q4 2019. DPR signed a deal with Six Flags for the park in 2014.

"Dubai Parks and Resorts has a clear strategy to be the largest leisure and entertainment destination in the Middle East,” said DPR CEO Raed Kajoor Al Nuaimi. “The proposed Six Flags branded theme park will strengthen the appeal of our destination for thrill seekers of all ages, complementing Motiongate Dubai, Legoland Dubai and Bollywood Parks Dubai, which are on schedule and on budget to open in October this year. We are pleased to have the support of the banking community as we expand our entertainment offering."

The US-based Six Flags continues to develop its international opportunities under a licensing model, commencing construction on a branded theme park in Haiyan, China, early this year, while in March the company announced plans to open two parks in Vietnam. Rumours of Six Flags sites heading to both Malaysia and Singapore have also been touted.

Dubai Parks and Resorts  Six Flags  Six Flags Dubai  theme park  theme parks  visitor attraction  Dubai Expo 2020 
Related stories
29 Mar 2016

Six Flags to open at Dubai Parks & Resorts in 2019

22 Mar 2016

Six Flags announces Asian expansion plans with Vietnam parks

20 Jan 2016

Six Flags breaks ground on first Asian venture

13 Jan 2016

Exclusive: Dubai Parks & Resorts to boost region's tourism aspirations ahead of 2020 Expo

15 Sep 2015

Dubai Parks and Resorts teams with Orlando University to train Emirati students in theme park management

Dubai Parks and Resorts (DPR) has secured a AED1bn (US$272m, €239m, £193m) loan to add a fourth theme park to its portfolio, with the proposed addition flying the Six Flags banner. The operator, which is launching this first stage of its new multi-billion dollar theme park and resort project later this year, says it has secured the debt financing to fund part of the proposed Six Flags-branded theme park. The
TAW,VAT
If approved, the Six Flags development would operate under a licensing model with an opening date of Q4 2019 / Shutterstock.com
More news
News stories: 1 - 30 of 7619     
 
 
 
News stories: 1 - 30 of 7619     
 
 
 
company profile
Company profile: Polin Group
Market leader in design, manufacturing and installation of waterslides and water leisure developments.
videos
BluGalaxy a Division of Blu Spas
Blu Spas
This animation showcases the beautiful concept design of BluGalaxy Spa.
Try cladmag for free!
Sign up with CLAD to receive our regular ezine, instant news alerts, free digital subscriptions to CLADweek, CLADmag and CLADbook and to request a free sample of the next issue of CLADmag.
sign up
features
Interview: Olga Polizzi
Olga Polizzi is director of design for Rocco Forte Hotels and also owns two of her own hotels
"On Via Sistina, everything breathes history. At the same time I wanted to reflect the modern hunger for the fantastical - Tommaso Ziffer"

Following the highly anticipated launch of Rome’s Hotel de la Ville, Rocco Forte’s director of design reflects on a fascinating project

The Center for Sustainable Landscapes in Pittsburgh, US
José Almiñana
"We are committed to designing evocative landscapes informed by the best environmental science"

The Andropogon principal on pushing the boundaries of landscape design for the benefit of humans and nature

The museum features 3,400 square metres of archaelogical gardens
Elizabeth de Portzamparc
"We need to stop the destruction of our world through predatory practices. We need to think of the future"

The architect behind Nimes’ Musée de la Romanité on designing to counter loneliness and the need for more cultural buildings

Catalogue Gallery
Click on a catalogue to view it online
To advertise in our catalogue gallery: call +44(0)1462 431385
The award-winning mixed use Santana Row project in San Jose, California
Scott Lee became president of SB Architects in 2000. Tracy Lee founded TLee Spas in 2015
"We design to connect the guest to the place, positioning people at the centre of the design"

Architect Scott Lee and spa consultant Tracey Lee on marrying the worlds of design and wellness in a series of interesting projects

Mary Celeste Beall is the owner of Blackberry Mountain and Blackberry Farm
"Sam was such a champion for the team, and my goal is simply to carry that same torch"

As Blackberry Mountain resort opens in Tennessee, we find out why the project is a deeply personal one for owner Mary Celeste Beall

features
"It was born from the sheer anxiety of having to submit something brilliant in a very short timescale"

How a moment of desperation led to BIG’s CopenHill, the clean power plant that’s doubling as a skiing and leisure destination. Magali Robathan speaks to the architects that made it happen

Last word: Tina Norden
Tina Norden
"We have created an approach which is playful, provocative but also functional"

Conran and Partners’ Tina Norden on playing with colour at Prague’s newly redesigned Hotel Maximilian

cladkit product news
LianTronics’ glasses-free 3D Star Trek LED screen attracts attention
Magali Robathan
LianTronics’ giant curved LED wall with stunning glasses-less 3D spaceship display effect has attracted many on the street of Chengdu, ...
Cosm unveils Experience Centre with ‘one of a kind’ LED dome
The new Experience Centre houses a 20m LED dome
Magali Robathan
Cosm, a global technology company that builds end-to-end solutions for immersive experiences, has unveiled its Experience Centre which houses a ...
Fabio Alemanno Design uses elegant semi-precious stones to create memorable spa experiences
Alemanno believes the stones are well-placed in the spa environment thanks to their capacity to positively support physical and mental health
Megan Whitby
Fabio Alemanno Design has expanded its collection with semi-precious stones to enhance spas, wellness facilities, hotels and private residences. The ...
cladkit product news
Atelier Alain Ellouz launches handcrafted precious stone lighting collection
LYRA has a sleek, cylindrical design complete with an elegant brass dimming switch
Megan Whitby
LYRA, GAMA, MONA and ATHENA are the first pieces from designer Atelier Alain Ellouz’s new.édition collection of handcrafted stone lighting ...
ASPA International launches handheld UV-C light disinfection lamp
The compact plug-in product can be used easily in a commercial spa or domestic setting to disinfect surfaces with UV-C light
Megan Whitby
For over 30 years, ASPA International has designed and built high-quality spas for the hotel, health and wellness sectors. During ...
Diamond balloon concept merges tourist attraction with advertising billboard
Magali Robathan
A group of Dutch engineers have presented a new attractions concept that combines a flying observation cabin with LED digital ...
cladkit product news
Siminetti unveils first glimpses of Mother of Pearl decorative surfaces inspired by the four seasons
The new winter design is finished with naturally occurring hexagonal patterns found in snowflakes
Megan Whitby
Siminetti has collaborated with British designer Chrisanna London to create a luxury Mother of Pearl decorative surface range inspired by ...
Christie laser projectors power new Five Senses Bubble dome theatre
The dome aims to integrate technology with arts and culture
Magali Robathan
Christie® GS Series 1DLP® laser projectors are delivering vivid and lifelike visuals in a new dome theatre located in Xiong’an ...
Móz Designs columns anchor the world’s largest indoor aquarium
The design of the columns was inspired by the sea
Magali Robathan
After a two-year renovation, Oakland-based metal experts Móz Designs have unveiled their inclusion in Georgia Aquarium’s new shark gallery. Located ...
x
Sign up with CLAD for regular news updates
Koelnmesse GmbH / FSB
Koelnmesse GmbH / FSB