Struggling Dubai Amusement Park Abandons Six Flags Expansion - NBC 5 Dallas-Fort Worth

Struggling Dubai Amusement Park Abandons Six Flags Expansion

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    Struggling Dubai Amusement Park Abandons Six Flags Expansion
    vv@ldzen/Flickr

    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 said they planned to add the park chain, owned by the Grand Prairie, Texas-based Six Flags Entertainment Corp.

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    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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