Struggling Dubai amusement park abandons Six Flags expansion
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.
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