Posted: Sunday, Sep 7, 2014 10:21 am
Updated: 1:01 pm, Sun Sep 7, 2014.
Dubai lays out skeleton for Legoland, other parks
DUBAI, United Arab Emirates (AP) — A skill growth association tranquil by Dubai’s ruler summarized skeleton Sunday for a initial proviso of an party and review formidable in a city that promises a Middle East’s initial Legoland thesis park.
The plan is partial of a broader pull by a Arab world’s blurb heart to ramp adult a hotel and tourism offerings as it prepares to horde a World Expo in 2020.
Meraas Holding pronounced initial work began in Feb on a $2.7 billion Dubai Parks and Resorts project, and that a initial proviso should be finished by 2016. The association is corroborated by Dubai ruler Sheik Mohammed bin Rashid Al Maktoum.
In further to a Legoland park, that initial proviso will embody a Bollywood-themed park celebrating a Indian film attention and another famous as Motiongate Dubai earnest to move Hollywood characters to life.
Plans also call for a executive sell and dining piazza and family-friendly hotel during a complex, located in Dubai’s Jebel Ali area, that is best famous for hosting a region’s largest seaport and a second of a emirate’s palm-shaped islands. The Expo will be hold nearby, alongside a new airfield that officials prognosticate will one day turn a world’s busiest.
Tourism plays a flourishing purpose in Dubai’s trade and transportation-dependent economy. Dubai aims to horde 20 million visitors annually by 2020, adult from 10 million in 2012.
Dubai developers formerly laid out skeleton for Legoland and Universal Studios parks as partial of a broader formidable famous as Dubailand in a opposite partial of a emirate. Those plans, along with scores of other projects, were suspended or scrapped altogether in a arise of a tellurian financial crisis.
The financial downturn strike heavily gladdened Dubai quite hard, promulgation skill prices acrobatics and forcing a emirate to accept multibillion-dollar puncture assist packages from a oil-rich neighbor, Abu Dhabi.
The internal economy has recovered extremely given a predicament came to a conduct in 2009, yet a emirate and a state-linked companies still shoulder tens of billions of dollars in debt. The International Monetary Fund has warned that a pointy miscarry in genuine estate prices could lead to another skill bubble.
Officials in Dubai final year announced skeleton for a $1.6 billion island growth that would embody a world’s biggest Ferris circle and a $7.3 million park dedicated to a Quran, Islam’s holy book.
Follow Adam Schreck on Twitter during www.twitter.com/adamschreck.
© 2014 The Associated Press. All rights reserved. This element might not be published, broadcast, rewritten or redistributed.
Sunday, Sep 7, 2014 10:21 am.
Updated: 1:01 pm.