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Struggling Dubai amusement park abandons Six Flags expansion

1 year 7 months 1 week ago Thursday, February 07 2019 Feb 7, 2019 February 07, 2019 4:50 AM February 07, 2019 in News - AP Texas Headlines

DUBAI, United Arab Emirates (AP) - 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.

Copyright 2019 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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