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FINANCIAL NEWS
Dubai Parks and Resorts invest USD 457mn for new park
30 May 2016
(MENAFN) Dubai Parks and Resorts approved that it has raised USD 457mn for new park project.
Furthermore, the fund will be raised to finance the development of the Six Flags Dubai theme park.
The addition of the Six Flags Dubai will boost the country’s position and establish it as the Middle East’s largest leisure and entertainment destination.
Meanwhile, Meraas Co. shall retain a majority shareholding of 52 percent, with Qatar Holding increasing its shareholding in the firm to 11 percent.
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