Dubai could have become the world capital of theme parks – if all announced and proposed projects would be realised, including amongst others a Universal resort, a Paramount resort, a Marvel comics park, a Dreamworks Studios park and many more. After doubts about the feasibility of this cluster of leisure projects (including the climate challenge, pricing, travel affordibility, employee-availability, …) couldn’t derail the projects, the current economic climate might do just that. As recently posted the SeaWorld parks have been put on indefinite hold and question marks seem to loom (even if only unofficialy) over many of the other projects. According to reports the Formula 1 theme park project “F1-X” in Dubai, which has more than 50% of its construction already completed, got suspended in February as well – due to the “drying up of liquidity from banks and financial institutions”. However, according to the Marketing Director of F1-X “The project is founded on a strong business model that withstands recession whilst allowing for the future growth of Dubai”. The company believes that a financial partner will come forward to capitalise on the opportunity of a half constructed theme park and a project “founded on a strong business model that withstands recession whilst allowing for the future growth of Dubai”. In fact, the company believes that the recent suspension will only delay the opening till 2010…
Considering this series of bad news from Dubai it is worth looking across the border into Abu Dhabi, where just 90 minutes by car frum Dubai, two other projects had been announced: a Ferrari theme park and a Warner Bros. theme park.
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